International Knitwear Limited’s financial results for the half year ended December 31, 2012
Karachi, February 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday February 26, 2013 at 2:00 pm at 9th floor, N.I.C Building, Abbasi Shaheed Road, Karachi have Recommended the following:
1. Cash Dividend Nil
2. Bonus Shares Nil
3. Right Shares Nil
4. Any Other Information Nil
5. The financial results of the Company are as follows.
|
31-Dec-2012 |
31-Dec-2011 |
|
|
Rupees |
Rupees |
|
| Sales (Net) |
58,511,831 |
76,560,098 |
| Cost of Sales |
(69,299,934) |
(54,280,363) |
|
———- |
———- |
|
| Gross Profit |
(10,788,103) |
(12,279,735) |
| Administrative and Selling Expenses |
7,517,895 |
(4,437,155) |
|
———- |
———- |
|
| Operating (Loss)/ Profit |
(18,305,998) |
7,842,580 |
| Financial Charges |
(1,634,015) |
(1,454,009) |
| Other Income |
209,405 |
490,509 |
| Workers profit participation fund |
- |
(343,454) |
| Workers welfare fund |
(46,809) |
(130,513) |
|
———- |
———- |
|
| (Loss)/ Profit before taxation |
(19,777,418) |
6,395,113 |
| Taxation |
(282,179) |
(764,824) |
|
———- |
———- |
|
| (Loss) / Profit after taxation |
(20,059,597) |
5,630,289 |
|
———- |
———- |
|
| (Loss)/ Earnings per share-basic and diluted. |
(6.22) |
1.75 |
For more information, contact:
Javed Khan
Chief Financial Officer/
Company Secretary
International Knitwear Limited
F-2/A, S.I.T.E
Karachi- 75730 Pakistan,
Ph: 2574302-04
Fax: (021) 2564414
