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Elahi Cotton Mills Limited’s financial results 3rd quarter ended March 31, 2012.

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Karachi: We have to inform you that Board of Directors of the Company in their meeting held on April 28, 2012 recommended as follows:

Cash Dividend

An interim cash dividend for the 3rd quarter ended March 31, 2012 at Rs. Nil per share i.e. (Nil %). This is in addition to Interim divided already paid at Rs. Nil per i.e. (Nil %).

Bonus Issue:

It has been decided by the Board of Directors that no bonus shares are to be issued.

The financial results of the Company are as follows:-

9 Month

9 Month

Quarter ended

Quarter ended

July 01,

July 01,

2011 to

2010 to

March 31,

March 31,

March 31,

March 31,

2012

2011

2012

2011

(Rs.)

(Rs.)

(Rs.)

(Rs.)

Sales (Net)

158,448,372

151,176,111

56,364,374

58,938,145

Manufacturing cost of goods sold

154,621,480

149,277,199

54,323,362

58,001,869

Gross Profit

3,826,892

1,898,912

2,041,012

936,277

Operating Expenses
(Admn & Marketing)

(2,199,444)

(1,759,821)

(781,899)

(574,445)

Operating Profit

1,627,448

139,091

1,259,113

361,832

Other income

440,821

12

Financial Charges

(49,301)

(65,931)

(550)

(1,521)

Profit before taxation

2,018,968

73,160

1,258,575

360,311

Taxation
– current

(1,584,484)

(1,511,761)

(563,644)

(589,381)

– deferred

712,085

877,141

227,658

233,497

———

———

———

——-

(872,399)

(634,620)

(335,986)

(355,884)

Profit/ (Loss) after taxation

1,146,569

(561,460)

922,589

4,427

Earning/ (Loss) per share

0.88

(0.43)

0.71

0.00

Appropriated as Under:
Interim Dividend @ Rs. Nil

Transferred to General Reserve

For more information, Contact:
Mahfooz Elahi
Chief Executive
Elahi cotton Mills Limited
270, Sector I-9, Industrial Area,
Islamabad (Pakistan)
Phone: +92-51-4433451-3,
Fax: +92-51-4431072

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