International Knitwear Limited’s financial results for the year ended June 30, 2012

Karachi, September 28, 2012 (PPI-OT): We have to inform you that the Board of Directors of your Company in their meeting held at 02:00 P.M. on September 27, 2012, at 9th floor, N.I.C Building, Abbasi Shaheed Road, Karachi have recommended the following:

1. Cash Dividend               5%

2. Bonus Shares               Nil

3. Right Shares               Nil

4. Any Other Information      Nil

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

30-Jun-2012

30-Jun-2011

Rupees

Rupees

Sales (Net)

158,340,897

134,539,702

Cost of Sales

(140,068,926)

(132,923,419)

———–

———–

Gross profit

18,271,971

1,616,283

Administrative and Selling Expenses

(10,063,323)

(8,815,172)

———–

———–

Operating Profit/ (Loss)

8,208,648

(7,198,889)

Other Income

3,211,341

537,777

———–

———–

11,419,990

(6,661,112)

Finance costs

(2,844,445)

(3,487,116)

Other charges

(591,686)

(107,632)

———–

———–

(3,436,192)

(3,594,748)

———–

———–

Profit/ (Loss) before taxation

(7,983,858)

(10,255,860)

Taxation
-Currant

(1,124,232)

(919,762)

-Prior

(33,738)

———–

———–

Profit/ (Loss) after taxation

6,825,888

(11,175,622)

———–

———–

Earnings/ (Loss) per share-basic and diluted

2.12

(3.47)

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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