AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: It is to inform you that the Board of Directors of our Company in their Meeting held on July 14, 2011 to review and approve accounts for the third quarter ended June 30, 2011, recommended the following:
Cash Dividend
None
Bonus Issue
None
Right Shares
None
Financial Results
Condensed Interim Profit and Loss Account
For the Quarter and Nine Months Ended June 30, 2011 (Un-audited)
|
April to June |
October to June |
|||
| 2011 | 2010 | 2011 | 2010 | |
| Rupees | Rupees | Rupees | Rupees | |
| Sales | 448,592,365 | 376,045,003 | 1,184,798,988 | 1,041,293,335 |
| Cost of Sales | 346,835,901 | 293,559,343 | 915,324,616 | 818,178,642 |
| ————– | ————– | ————- | ————– | |
| Gross Profit | 101,756,464 | 82,485,660 | 269,474,372 | 223,114,693 |
| Administration expenses | (15,366,797) | (15,146,533) | (47,321,318) | (43,383,013) |
| Distribution and marketing expenses | (57,069,110) | (46,503,483) | (133,028,411) | (104,165,917) |
| Other operating expenses | (1,256,985) | (1,030,991) | (4,864,316) | (4,056,850) |
| Other operating income | 1,829,330 | 1,742,607 | 7,682,398 | 4,952,036 |
| ————– | ————– | ————- | ————– | |
| Profit from operations | 29,892,902 | 21,547,261 | 91,942,725 | 76,460,950 |
| Finance cost | (11,151,322) | (8,545,856) | (29,277,400) | (29,310,162) |
| ————– | ————– | ————- | ————– | |
| Profit before taxation | 18,741,580 | 13,001,404 | 62,665,325 | 47,150,787 |
| Taxation | (5,871,175) | (4,465,981) | (21,807,533) | (16,031,268) |
| ————– | ————– | ————- | ————– | |
| Profit after taxation | 12,870,405 | 8,535,423 | 40,857,792 | 31,119,519 |
| ————– | ————– | ————- | ————– | |
| Earnings per share | 2.55 | 1.69 | 8.11 | 6.17 |
For more information, contact:
Atif Fayyaz
Company Secretary
Mitchell’s Fruit Farms Limited
39-A, D-1, Gulberg III,
Lahore, Pakistan.
Tel: +9242 5872392-96
Fax: +9242 5872398
E-mail: ho@mitchells.com.pk
Website: www.mitchells.com.pk