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The Supreme Industries Limited

Press Release

THE SUPREME INDUSTRIES LIMITED (SIL) ANNOUNCES UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER / HALF YEAR ENDED 31^ST DECEMBER, 2011.

Mumbai, 25^th January, 2012 – The Supreme Industries Limited (SIL), India’s leading Plastics processor, announced its Un-audited consolidated financial results for the second quarter / half year ended 31^st December, 2011, at its Board Meeting held today.

(A)       The Company processed 1,11,455 MT of polymers and achieved net product turnover of Rs. 1158.95 Crores  during the 1st half of the current year against processing of 1,01,852 MT and net product turnover of Rs 976.11 crores in the corresponding period of previous year achieving volume & product value growth of about 9% and 19% respectively.

(B)       The operational financial performance highlights for the second quarter ended 31^st December, 2011, excluding its non recurring construction business activities, are as follows -

• Total Income and Operating Profit for the second quarter ended 31^st December, 2011 amounted to Rs. 721.21 crores  and Rs. 89.37 crores , as compared to Rs. 581.05 crores and Rs. 79.38 crores, for the corresponding quarter of the previous year, recording an increase of 24.12% and 12.59% respectively.

• The Profit before Tax and Profit after Tax amounted to Rs. 59.25 crores and Rs. 39.80 crores respectively, as compared to Rs. 59.03 crores and Rs. 39.68 crores, for the corresponding quarter of the previous year.

(C)       The operational financial performance highlights for the half year ended 31^st December, 2011, excluding non-recurring construction business activities, are as follows –

• Total Income and Operating Profit for the 1^st half of the current year amounted to Rs. 1201.63 crores  and Rs. 147.72 crores  as compared to Rs. 1018.82 crores  and Rs. 136.08 crores , for corresponding period of the previous year, recording an increase of 17.94% and 8.55% respectively.

• The Profit before Tax and Profit after Tax, for the 1^st half of the current year amounted to Rs. 96.17 crores and Rs. 66.82 crores respectively, as compared to Rs. 97.81 crores and Rs. 65.31 crores, for the corresponding period of the previous year.

(D)       During the 1^st Half Year ended 31^st December, 2011, the Company has sold 41,678 sq. ft. of the premises and realized Rs. 69.16 crores with Operating Profit of Rs. 43.75 crores and Net Profit After Tax of Rs. 30.60 crores as compared to 26,409 sq. ft. of the premises sold and realized Rs. 39.75 crores with Operating Profit of Rs. 23.71 crores and Net Profit of Rs. 16.21 crores for the corresponding period of the previous year.

The consolidated financial results [including results of (a) the Company's 100% Subsidiary Company viz "The Supreme Industries Overseas (FZE) incorporated in SAIF Zone, UAE and (b) Associate Company viz. "Supreme Petrochem Limited", in which the Company holds 29.88% of its paid-up equity share capital], is summarized below :-

                                                       (Rs. in crores)

(E)       The Board of Directors has approved payment of Interim Dividend @ 75% (Rs.1.50 per Share) on 12,70,26,870 Nos. of Equity Shares, which together with tax on distribution of Dividend will absorb a sum of Rs.22.15 Crores.

Expansion Plans

Company’s ongoing expansion plans involving total capital outlay of about Rs. 200 crores are progressing well. Effective steps including purchase of land , construction of building and ordering of key equipments have been taken to set up units for Cross Laminated Film & products & Composite Cylinders at Halol (Gujarat) and Protective Packaging Products at Hosur (Tamilnadu). First phase capacity of 6,000 TPA of Cross Laminated Film and 4,00,000 Composite Cylinders is likely to be operational during Sept.-October, 2012. The Protective Packaging Products unit at Hosur is likely to be operational before the end of current financial year.

Outlook

During the current year the Company envisages annual growth in volume and product value of about 12% and 20% respectively over the previous year.

About Supreme Industries Limited

Supreme Industries Limited is India’s leading processors of plastics, offering a wide and comprehensive range of plastic products in India. The company operates in various segments viz. Plastics Piping Systems, Protective Packaging Products, Industrial Components, Material handling systems, Cross Laminated Polyethylene Films & Products thereof, Furniture and Performance Packaging Films.

Supreme Industries has 19 technologically advanced manufacturing facilities located at various places spread across the country. The company has built up excellent relationship with its distributors and is also providing orientation to them, in order to ensure proper service to ultimate customers.

For further information, kindly contact :-

Mr. Vikas Sahni/ Ms. Archana Pradhan

Ketchum Sampark Pvt. Ltd.

09892629404 / 09820330505