Olympia Textile Mills Limited’s financial results for the quarter ended September 30, 2012

Karachi, October 31, 2012 (PPI-OT): We have to inform you that the Board of Directors in their meeting held at 03:00 p.m. on Wednesday 31st October 2012 recommended the following:-

(i) Cash Dividend                Nil

(ii) Bonus Issue                 Nil

(iii) Right Shares               Nil

(iv) Any Other Entitlement       Nil

The financial results of the Company are enclosed as per Annexure “A”.

Annexure-A

Profit and Loss Account (Un-Audited) for the Quarter Ended September 30, 2012

Quarter Ended

Sep-2012

Sep-2011

Rupees

Rupees

Sales-Net

-

-

Cost of goods sold

1,580,355

1,906,265

Gross (loss)

(1,580,355)

(1,906,265)

———

———

Administrative expenses

1,436,956

1,413,888

———

———

Operating (loss)

(3,017,311)

(3,320,153)

Finance cost

416,322

695

———

———

(3,433,633)

(3,320,848)

Other income

5,500

7,678

———

———

(Loss) before taxation

(3,428,132)

(3,313,170)

Provision for taxation
-current year

-

-

-deferred taxation

-

-

———

———

-

-

(Loss) after taxation

(3,428,132)

(3,313,170)

———

———

Basic and diluted (loss) per share

(0.32)

(0.31)

For more information, contact:
Mohammad Shakil Khan
Company Secretary
Olympia Textile Mills Limited
23-Davis Road
Lahore-54000 Pakistan
Ph: +92-42-111-859-674
Fax: +92-42-6363920