Zephyr Textile Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 29, 2011 at 11:00 AM at registered office located at 3rd Floor IEP Building, 97 B/D-l, Gulberg III, Lahore, recommended the following:

i. Cash Dividend

An Interim Cash Dividend for the three months ended September30, 2011 at Rs. Nil per share i.e. Nil%. This is in addition to Interim Dividend already paid at Rs. Nil per share i.e. Nil%.

And / Or

ii. Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil share for every Nil share held i.e. Nil%. This is in addition to the Interim Bonus Shares already issued at Nil %.

And / Or

iii. Right Shares

The Board has recommended to issue Nil% Right Shares at par/ at a discount / premium of Rs. Nil per share in proportion of Nil share for every Nil share. The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.

And /Or

iv. Any Other Entitlement      Nil

The financial results of the Company are as follows:


July- September, 2011

July – September, 2010





Sales 718,777,569 95,117,562
Cost of Sales  648,517,126  859,326,103
Gross Profit 70,200,443 94,791,459
Operating Expresses (Admin and Selling etc.) 19,559,848 25,414,849
Other operating Income/ (Loss)  2,953,521  1,505,924
Other operating expenses  465,969 441,536
Operating Profit 53,128,147 70,440,998
Financial and Other charges 46,821,493 57,125,969
Profit/ (Loss) before tax  6,306,654 13,315,029
Taxation  4,757,032 2,180,444
Profit / (Loss) after tax 1,549,622 11,134,585
Un-appropriated Profit/ (Loss) brought forward (192,134,103)  (302,633,449)
Current year incremental depreciation – net of tax 4,440,785  5,074,003
Appropriation for Final Dividend – June 2011 8,656,298 Nil
Un-appropriated profit/ (Loss) carried forward  (194,199,994)  (286,424,861)
Earn in per share 0.03  0.19


v. Other information:


For more information, contact:
Naveen Aleem
Company Secretary
Zephyr Textiles Limited
3rd Floor, IEP Building, 57-B/D-1,
Gulberg III, Lahore,
Tel: +92(42)35782905
Fax: +92(42)35753202
Email: info@zephyr.com.pk

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