Ibrahim Fibres Annual Financial Report Published (period ended June 30, 2013)
Your Company achieved net sales of Rs. 38,839 million during the year under review as compared to Rs. 35,853 million during the previous year. The gross profit earned during the year was Rs. 2,725 million as against Rs. 2,622 million earned during previous year. Despite lesser availability of gas and inventory losses as mentioned above, your Company performed better with reference to the gross profit before taking into account the depreciation of the expansion projects.
Your Company earned profit before tax amounting to Rs. 4,375 million during the year as compared to Rs. 4,452 million during the previous year, after taking into account the proportionate share in profits of Allied Bank Limited, an associated company, amounting to Rs. 2,386 million for the year under review as against Rs. 2,744 million for previous year. Profit after tax for the year comes to Rs. 5,534 million as compared to Rs. 4,114 million during previous year.