International Knitwear Limited’s financial results for the half year ended December 31, 2012

Karachi, February 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday February 26, 2013 at 2:00 pm at 9th floor, N.I.C Building, Abbasi Shaheed Road, Karachi have Recommended the following:

1. Cash Dividend                Nil

2. Bonus Shares                 Nil

3. Right Shares                 Nil

4. Any Other Information        Nil

5. The financial results of the Company are as follows.

31-Dec-2012

31-Dec-2011

Rupees

Rupees

Sales (Net)

58,511,831

76,560,098

Cost of Sales

(69,299,934)

(54,280,363)

———-

———-

Gross Profit

(10,788,103)

(12,279,735)

Administrative and Selling Expenses

7,517,895

(4,437,155)

———-

———-

Operating (Loss)/ Profit

(18,305,998)

7,842,580

Financial Charges

(1,634,015)

(1,454,009)

Other Income

209,405

490,509

Workers profit participation fund

(343,454)

Workers welfare fund

(46,809)

(130,513)

———-

———-

(Loss)/ Profit before taxation

(19,777,418)

6,395,113

Taxation

(282,179)

(764,824)

———-

———-

(Loss) / Profit after taxation

(20,059,597)

5,630,289

———-

———-

(Loss)/ Earnings per share-basic and diluted.

(6.22)

1.75

For more information, contact:
Javed Khan
Chief Financial Officer/
Company Secretary
International Knitwear Limited
F-2/A, S.I.T.E
Karachi- 75730 Pakistan,
Ph: 2574302-04
Fax: (021) 2564414

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