Quice Food Industries Limited’s financial results for the half year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of Quice Food Industries Limited (QUICE) in their meeting held on Thursday, March 22, 2012, at 11:00 A.M at the Registered office, Karachi, recommended the following:

i)  Cash Dividend                                 Nil                 And/Or

ii) Bonus Shares                                  Nil                 And/Or

iii) Right Shares                                 Nil                 And/Or

iv) Any Other Entitlement                         Nil                 And/Or

v) Any Other Price-Sensitive Information          Nil

The Financial Results the Company are enclosed herewith. We will be sending you 300 copies of printed Accounts for distribution amongst the member of the Exchange.

Financial Results

Quice Food Industries Limited

Condensed Interim Profit And Loss Account (Un-Audited)

For The Half Year Ended 31 December 2011

 

Half Year Ended

Quarter Ended

Note

31 December

31 December

31 December

31 December

2011

2010

2011

2010

Rupees

Rupees

Rupees

Rupees

Sales 54,178,037 40,935,208 11,862,452 1,579,258
Cost Of Sales (36,930,005) (28,510,894) (7,639,207) (396,000)
———- ———- ———- ———-
Gross Profit 17,248,032 12,424,314 4,223,245 1,183,258
Distribution And Selling Cost (4,556,316) (2,085,263) (2,052,955) (56,898)
Administrative Expenses (5,818,445) (3,808,570) (2,683,685) (1,570,966)
Other Operating Expenses (86,954) - (86,954) (328,582)
———- ———- ———- ———-
(10,461,715) (5,893,833) (4,823,594) (1,956,446)
———- ———- ———- ———-
Operating Profit 6,786,317 6,530,481 (600,349) (773,188)
Effect Of Fair Value Adjustment
Of Long Term Financing (4,199,121) (328,582) (4,199,121) -
Other Operating Income 257,692 800 118,300 800
———- ———- ———- ———-
(3,941,429) (327,782) (4,080,821) 800
———- ———- ———- ———-
Profit / (Loss) From Operations 2,844,888 6,202,699 (4,681,170) (772,388)
Finance Cost (39,855) (419,051) (9,099) (411,102)
———- ———- ———- ———-
Profit / (Loss) Before Taxation 2,805,033 5,783,648 (4,690,269) (1,183,490)
Taxation 9 - - - -
———- ———- ———- ———-
Profit / (Loss) After Taxation 2,805,033 5,783,648 (4,690,269) (1,183,490)
———- ———- ———- ———-
Earnings / (Loss) Per Share- Basic And
Diluted (Rupees) 0.26 0.54 (0.44) (0.11)

 

The annexed notes form an integral part of this condensed interim financial information.

For more information, contact:
Quice Food Industries Limited
Plot No. 15, Phase III,
Hattar Industrial Estate Hattar, NWFP
Ph: 0995-617780
Fax: 0995-617770
E-mail: www.info@quice.com.pk

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