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Wednesday, October 21st, 2020

Crescent Fibres Limited’s financial results for the 2nd quarter ended December 31, 2012

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Karachi, February 27, 2013 (PPI-OT): We inform you that the Board of Directors of our company in their meeting held on February 27, 2012 at 10:30 am at Karachi Office of the Company, 7th floor, Lakson Square #3, Sarwar Shaheed Road, Karachi, recommended the following.

CASH DIVIDEND          NIL

BONUS SHARES           NIL

RIGHT SHARES           NIL

The Financial results of the Company for the 2nd quarter ended December 31, 2012 are attached.

Condensed Interim Profit and Loss Account for the half year ended December 31, 2012 (un-audited)

Half year ended

Quarter ended

December 31,

December 31,

December 31

December 31

2012

2011

2012

2011

Rupees

Rupees

Rupees

Rupees

Sales-net

1,495,870,229

1,356,994,113

735,538,645

681,387,418

Cost of sales

(1,285,973,477)

(1,273,690,908)

(643,766,337)

(624,908,250)

————-

————-

———–

———–

Gross profit

209,896,752

83,253,205

91,772,308

56,479,168

Selling and distribution expenses

(4,751,210)

(4,832,344)

(2,306,299)

(2,382,248)

Administrative and general expenses

(32,893,402)

(30,148,742)

(18,761,741)

(15,286,127)

Other operating expenses

(10,310,818)

(5,842,667)

(4,199,808)

(5,742,667)

Other operating income

7,417,142

5,974,945

4,064,606

2,971,405

————-

————-

———–

———–

Operating profit

169,358,464

48,404,397

72,569,065

36,039,531

Finance cost

(32,590,707)

(48,419,746)

(16,736,145)

(24,034,256)

Share of (loss) / profit form associate

(11,940)

91,235

(47,265)

47,998

————-

————-

———–

———–

Profit before taxation

136,755,817

75,886

55,785,655

12,053,273

Taxation

(19,573,563)

(826,982)

(15,734,705)

5,278,593

————-

————-

———–

———–

Profit / (loss) for the period

117,182,254

(751,096)

40,050,950

17,331,866

————-

————-

———–

———–

Earnings/ (loss) per share-basic and
diluted (Rupees)

9.44

(0.06)

3.23

1.40

For more information, contact:
Crescent Fibres Limited
104 Shadman 1, Lahore 64000, Pakistan
T: +92 (42) 7576482, 7578641
F: +92 (42) 7580963
E-mail: lo@crscentfibres.com
Web: www.crescentfibres.com

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