The National Silk and Rayon Mills Limited’s financial results for the quarter ended Sep. 30, 2012

Karachi, October 30, 2012 (PPI-OT): We have to inform you that Board of Directors of our Company in their meeting held on 30-10-2012 at 10.00 am at Mills premises at Jaranwala Road, Faisalabad recommended the following:

Cash Dividend              Nil

Bonus Shares               Nil

A complete copy of the profit and loss account with comparative figures of corresponding period is enclosed herewith for your information and circulation.

Condensed Interim Profit and Loss Account for the Period Ended September 30, 2012

September 30,

September 30,

Note

2012

2011

Sales-net

9

133,166,005

90,589,038

Cost of sales

122,452,638

82,075,562

———–

———-

Gross profit

10,713,367

8,513,476

Distribution cost

87,570

1 79,774

Administrative expenses

6,322,260

5,706,674

Other operating expenses

177,078

95,183

———–

———-

6,586,908

5,981,631

———–

———-

4,126,460

2,531,845

Other operating income

432,680

354,425

———–

———-

4,559,140

2,886,270

Finance cost

1,194,661

1,621,689

———–

———-

Profit before taxation

3,364,479

1,264,581

Taxation:
Current:
For the year

665,830

905,890

Deferred

8

-

-

———–

———-

665,830

905,890

———–

———-

Profit after taxation

2,698,649

358,691

———–

———-

Rupees

Earning per share- Basic and diluted

2.43

0.32

The annexed notes form an integral part of these financial statements.

For more information, contact:
The National Silk and Rayon Mills Limited
Jaranwala Road, Faisalabad,
Tel #: 92-41-8530235-36, 85344240,
Fax: 92-42-8712216