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Sajjad Textile Mills Limited’s financial results for the 2nd quarter and half year ended December 31, 2012

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Karachi, February 26, 2013 (PPI-OT): We have to inform you that the Board of Directors in their meeting held on February 26. 2013 at 11:30 A.M. at 19-B, Off: Zafar Ali Road, Gulberg-V, Lahore, has recommended no cash dividend; bonus or right issue of the shares for the Quarter and Half Year ended December 31, 2012.

The financial results of the Company are enclosed as per Annexure “A”.

We shall send you 100 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

You may please inform members of your Exchange accordingly.

Annexure “A”

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

For the Half Year

For the Quarter

Jul-Dec

Jul-Dec

Oct-Dec

Oct-Dec

2012

2011

2012

2011

(Reviewed)

(Un-audited)

(Reviewed)

(Un-audited)

Rupees

Rupees

Rupees

Rupees

Sales-net

372,254,949

51,620,040

224,331,510

20,902,140

Cost of sales

309,928,773

65,201,042

188,172,335

24,598.925

———–

———–

———–

———–

Gross Profit/ (Loss)

62,326,175

(13,581,002)

36,159,174

(3,696,785)

Operating Expenses
Administrative

2,224,834

391,181

1,930,480

200,299

Selling and distribution

8,983,908

5,447,910

5,079,173

2,643,153

Financial and other charges

6,769,615

957,709

3,994,154

485,180

———–

———–

———–

———–

17,978,357

6,796,800

11,003,806

3,328,632

———–

———–

———–

———–

Operating Profit/ (Loss)

44,347,819

(20,377,802)

25,155,369

(7,025,417)

Other income

680,934

430

(33,190)

———–

———–

———–

———–

45,028,753

(20,377,372)

25,122,179

(7,025,417)

Workers’ profit participation fund

Profit/ (Loss) before Taxation

45,028,753

(20,377,372)

25,122,179

(7,025,417)

Taxation-Current

(1,222,730)

(511,644)

(307,179)

– Prior

(26,224)

(26,224)

– Deferred

7,491,059

(5,572,648)

4,829,944

(5,572,648)

———–

———–

———–

———–

6,242,105

(5,572,648)

4,292,076

(5,879,827)

———–

———–

———–

———–

Profit/ (Loss) after Taxation

51,270,857

(25,950,020)

29,414,255

(12,905,244)

Accumulated loss brought forward

(151,131,316)

(157,896,082)

(128,365,299)

(170,240,397)

Transfer from surplus on revaluation of
fixed assets

———–

———–

———–

———–

Incremental depreciation-Net of tax

1,818,828

1,922,380

909,414

1,221,919

Available for Investment

Income tax relating to components of
Comprehensive Income

———–

———–

———–

———–

Accumulated Loss Carried to Balance Sheet

(98,041,631)

(181,923,722)

(98,041,631)

(181,923,722)

———–

———–

———–

———–

Basic earning/ (loss) per share

2.41

(1.22)

1.38

(0.61)

For more information, contact:
Chief Executive
Sajjad Textile Mills Limited
19-B, Zafar Ali Road,
Gulberg V, Lahore
Ph: +92-42-35775501-03
Fax: +92-42-35711526
E-mail: Info@sajjadtextile.com
Website: www.sajjadtextile.com

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