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Ibrahim Fibres Limited’s financial results for the 2nd quarter/ half year ended 31-12-2012

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Karachi, February 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of the company in their meeting held on 23-02-2013 at 03:00 P.M. at I, Armed Block, New Garden town, Lahore has approved the financial results of the company.

(i) Cash Dividend                                Interim Cash Dividend at Rs. 1.50 per. share i.e. 15%

(ii)Bonus Shares                                 Nil

(iii) Right Shares                               Nil

(iv) Any Other Entitlement/ Corporate Action     Nil

(v) Any Other Price- Sensitive Information       Nil

The financial results of the Company are as follows:-

Quarter Ended December 31,

Half Year ended December 31,

2012

2011

2012

2011

Rupees

Rupees

Rupees

Rupees

Sales-net

10,047,247,757

8,674,588,347

19,971,860,046

18,410,206,329

Cost of goods sold

9,180,077,461

7,965,426,207

18,361,324,242

17,137,530,263

————–

————-

————–

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Gross profit

867,170,296

709,162,140

1,610,535,804

1,272,676,066

Selling and distribution expenses

53,111,627

36,648,532

105,541,031

77,779,234

Administrative expenses

156,988,604

137,260,358

316,591,660

272,726,641

Other operating expenses

27,242,704

27,452,093

46,834,966

45,564,983

Finance cost

134,017,995

188,248,403

312,578,638

369,179,681

————–

————-

————–

————–

371,360,830

389,609,386

781,546,095

765,250,519

————–

————-

————–

————–

495,809,466

319,552,754

828,989,709

507,425,547

11,106,984

12,201,038

19,465,355

612,591,864

————–

————-

————–

————–

Other operating income

506,916,450

331,753,792

848,455,064

1,120,017,411

Share of profit associate-net

680,045,000

644,713,000

1,523,192,000

1,438,612,000

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————-

————–

————–

Profit before taxation

1,165,961,450

976,468,792

2,371,647,064

2,558,629,411

Provision for taxation

(4,875,729)

109,692,397

21,856,246

180,191,442

————–

————-

————–

————–

Profit for the period

1,171,837,179

866,774,395

2,349,790,818

2,398,437,969

————–

————-

————–

————–

Earnings per share -Basic and Diluted

3.77

2.79

7.57

7.72

The Share Transfer Books of the Company will be closed from 12-03-2013 to 19-03-2013 (both days inclusive). Transfer received at M/s Technology Trade (Pvt) Limited, Dagia House, 241-C, Block-2, PECHS, Off: Shahrah-e-Quaideen. Karachi at the close of business on 11-03-2013 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Ibrahim Fibres Limited
Ibrahim Centre, 11-B, Lala Zar
M. T. Khan Road, Karachi, Pakistan
Tel: 92 21 35611601
Fax: 92 21 35611609
Website: www.igcpk.com
E-mail: info@igc.com.pk

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