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Ayesha Textile Mills Limited’s financial results for the nine months ended March 31, 2013

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Karachi, May 02, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their Meeting held at 11:00 A.M. on (Tuesday) April 30, 2013 at 97-B Gulberg II, Lahore recommended the following:-

i) Cash Dividend
The Board did not declare any dividend.

ii) Bonus Issue
It has also been recommended by the Board of Director to issue Bonus shares in the proportion of (Nil) shares for every (Nil) shares held. The Bonus shares will be entitled/not entitled for the right shares.

iii) Right Shares
The Board has also recommended to issue (Nil)% Right Shares at part/at a premium of Rs. (Nil) per share in proportion of (Nil) share for every (Nil) shares.

The financial results of the company are enclosed.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

Condensed Interim Profit and Loss Account (Un-Audited) for the Quarter and nine months year ended March 31, 2013

                                                                 Quarter Ended Nine months ended
                                                                        Rupees in '000

Sales-net                                                        903,270              2,527,622
Cost of sales                                                   (836,051)            (2,341,020)
                                                                 -------              ---------
Gross profit                                                      67,219                186,602
Other operating income                                                 3                     15
Distribution cost                                                 (9,072)               (24,541)
Administrative expenses                                           (6,861)               (21,910)
Other operating expenses                                          (1,341)                (3,274)
Finance cost                                                     (20,791)               (72,213)
Share of profit from associate                                     5,544                  9,153
                                                                 -------              ---------
Profit before taxation                                            34,701                 73,832
Taxation                                                         (14,117)               (15,613)
                                                                 -------              ---------
Profit for the period                                             20,584                 58,219
                                                                 -------              ---------
Earnings per share-basic and diluted                               14.70                  41.59
                                                                 -------              ---------

For more information, contact:
Company Secretary
Ayesha Textile Mills Limited
91-B, Gulberg II, Lahore -54660 Pakistan
Phone: 92-42-35756707, 35756710, 35873702,
Fax: 92-42-35712151-35761378


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