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Feroze 1888 Mills Limited’s financial results for the quarter ended December 31, 2012

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Karachi, February 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on February 22, 2013 at 6:00 p.m. at C-3, SITE, Karachi, recommended the following:

(i) Cash Dividend                                      Nil

And/ Or

(ii) Bonus Shares                                      Nil

And/ Or

(iii) Right Shares                                     Nil

And/ Or

(iv) Any Other Entitlement/ Corporate Action          None

And/ Or

(v) Any Other Price-Sensitive Information             None

The financial results of the Company are as follows:

Condensed Interim Profit and Loss Account (Un-Audited) for the Half Year Ended December 31, 2012

Half Year Ended

Quarter Ended

December

December

December

December

31, 2012

31, 2011

31, 2012

31, 2011

(Rupees in ‘000)

(Rupees in ‘000)

Sales

6,526,983

7,144,322

2,994,676

2,962,616

Cost of sales

(5,426,793)

(6,071,755)

(2,470,715)

(2,502,254)

———

———

———

———

Gross profit

1,100,190

1,072,567

523,961

460,362

Administrative costs

(232,906)

(221,112)

(125,285)

(96,910)

Distribution costs

(211,683)

(199,613)

(102,076)

(98,373)

———

———

———

———

(444,589)

(420,725)

(227,361)

(195,283)

———

———

———

———

Operating profit

655,601

651,842

296,600

265,079

Other (charges)/ income

494

543

868

478

Finance costs

(120,454)

(156,392)

(36,083)

(35,754)

Workers welfare fund

(5,222)

(5,947)

(2,107)

(2,503)

Workers’ profit participation fund

(26,782)

(25,987)

(12,689)

(11,796)

———

———

———

———

(151,964)

(187,783)

(50,011)

(49,575)

———

———

———

———

Profit before taxation

503,637

464,059

246,589

215,504

Provision for taxation

(65,270)

(74,833)

(26,339)

(31,288)

———

———

———

———

Profit after taxation

438,367

389,226

220,250

184,216

———

———

———

———

Earning per share basic and diluted

1.16

1.03

0.58

0.49

For more information, contact:
Abdul Aleem
Company Secretary
Feroze 1888 Mills Limited
B-4/A, S.I.T.E., Karachi- 75700
Tel: 32567890
Fax: 32581221
Web: www.feroz1888.com

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