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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Oct 25, 2011 at 10:00 a.m. at the Company’s Corporate Office, 4th Floor, 83-A-F/1, Main Boulevard Gulberg-III, Lahore, approved the following financial results for the 1st quarter ended 30, 2011:
|
(Rupees in thousands) |
||
|
July-Sept 2011 |
July-Sept 2010 |
|
| Sales-net | 2,341,013 | 5,078,256 |
| Cost of Sales | 1,962,209 | 4,186,726 |
| ——— | ——— | |
| Gross Profit | 378,804 | 891,530 |
| Distribution and marketing expenses | 81,688 | 126,376 |
| Administrative expenses | 77,943 | 73,143 |
| ——— | ——— | |
| 159,631 | 199,519 | |
| ——— | ——— | |
| Operating profit | 219,173 | 692,011 |
| Other Operating income | 145,771 | 176,671 |
| ——— | ——— | |
| 364,944 | 558,682 | |
| Other Operating Expenses | 44,635 | 59,672 |
| Finance Cost | 1,934 | 4,095 |
| ——— | ——— | |
| 46,569 | 63,767 | |
| ——— | ——— | |
| Profit before taxation | 318,375 | 804,915 |
| Taxation | 73,968 | 245,220 |
| ——— | ——— | |
| Profit for the period | 244,407 | 559,695 |
| ——— | ——— | |
| Earnings per share – basic | ||
| and diluted (Rs.) | 6.68 | 15.29 |
For more information, contact:
Mian Muhammad Saleem
Company Secretary
Millat Tractors Limited
P. O. Box No. 12023, Sheikhupura Road,
Shahdara, Lahore, Pakistan.
Tel: 92-423-7911021-25,
UAN: 111-200-786
Fax: 92-423-7924166
Web: www.millat.com.pk
E-mail: info@millat.com.pk