Leather Up Limited’s financial results for the year ended June 30, 2012

Related Articles

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

December 29, 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

December 28, 2016

Karachi, September 19, 2012 (PPI-OT): We have to inform you that the Board Directors of the Company in their meeting held at 12.30 p.m. on Wednesday, September 19, 2012 recommended the followings.

1. Cash dividend             Nil

2. Bonus                     Nil

3. Right Shares              Nil

The financial results of the company for the year ended June 30, 2012 enclosed herewith along with appropriate comparative figures of corresponding period.

The Annual General Meeting of the Company will be held on October 23, 2012 at 12.00 p.m. at Defence Point Lawn, Kashmir Colony, Main Korangi Road, Opposite Khayaban-e-Ittehad, Defence Housing Authority, Karachi.

The Share Transfer Book of the Company will be closed from 23-10-2012 to 29-10-2012, (both days inclusive). Transfers received at the Share Registrar office, M/s. CandK Management Associates (Pvt.) Limited, 404, Trade Tower, Abdullah Haroon Road, Near Metropole Hotel Karachi-75530, at the close of business on 22-10-2012 will be treated in time.

Profit and Loss Account for the Year Ended June 30, 2012

		2012	2011
	Note	Rupees
Sales – net	13	71,534,699	71,482,395
Cost of sales	14	(60,308,153)	(56,648,243)
		———-	———-
Gross profit		11,226,546	14,834,152
Operating expenses
Administrative expenses	15	(5,098,872)	(4,434,128)
Distribution cost	16	(4,861,978)	(6,602,577)
		———-	———-
		(9,960,850)	(11,036,705)
		———-	———-
Operating profit		1,265,696	3,797,447
Finance cost	17	(991,606)	(1,008,904)
Other income	18	1,013,659	282,529
Other operating expenses	19	(163,712)	(280,134)
		———-	———-
		(141,659)	(1,006,509)
		———-	———-
Profit before taxation		1,124,037	2,790,938
Taxation	20	(707,186)	(871,322)
		———-	———-
Profit after taxation		416,851	1,919,616
		———-	———-
Earnings per share – basic and diluted	21	0.07	0.32

For more information, contact:
Shafqat Mahmood Khokhar
Company Secretary
Leather Up Limited
23/C, 15th Commercial Street,
Phase II-Ext., Defence Housing Authority,
Karachi, Pakistan.
Tel: 92-(21) 5880771
92-(21) 5880772
92-(21) 5880774
Fax: 92-(21) 5880773
E-mail: leatherup@cyber.net.pk