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Karachi, July 15, 2013 (PPI-OT): It is to inform you that the Board of Directors of our Company in their Meeting held on July 12, 2013 to review and approve accounts for the quarter ended June 30, 2013 recommended the following:
Cash Dividend
None
Bonus Issue
None
Right Shares
None
Financial Results
A copy of the profit and loss accounts of the Company for the quarter ended June 30, 2013 is enclosed.
Telephone/Fax Numbers
Our Fax machine number through which fax will be transmitted is
Telephone 042-35872392-6
Fax 042-35872398
Contact Person Aneeq Ahmad
(Assistant Manager Finance)
Condensed Interim Profit and Loss Account for the Quarter and Nine Months Ended June 30, 2013 (Un-Audited)
April to June October to June
2013 2012 2013 2012
Rupees Rupees
Sales 530,010,927 453,576,520 1,552,587,852 1,418,348,541
Cost of Sales (385,534,426) (328,675,448) (1,136,716,594) (1,061,882,835)
----------- ----------- ------------- -------------
Gross Profit 144,476,501 124,901,071 415,871,258 356,465,706
Administration expenses (68,578,603) (63,725,584) (179,686,558) (53,532,138)
Distribution and marketing expenses (68,578,603) (63,725,584) (179,686,558) (172,647,684)
Other operating expenses (2,792,144) (3,575,933) (11,268,410) (9,116,079)
Other operating income 839,093 732,892 6,886,707 7,724,143
----------- ----------- ------------- -------------
Profit from operation 55,129,009 41,478,602 172,828,847 128,893,948
Finance cost (3,358,475) (6,184,545) (13,084,257) (18,697,337)
----------- ----------- ------------- -------------
Profit before taxation 51,770,534 35,294,057 159,744,590 110,196,611
Taxation (21,783,981) (16,169,727) (63,738,091) (34,293,185)
----------- ----------- ------------- -------------
Profit after taxation 29,986,553 19,124,330 96,006,199 75,903,425
----------- ----------- ------------- -------------
Earnings per share 4.76 3.04 15.24 12.05
----------- ----------- ------------- -------------
For more information, contact:
Atif Fayyaz
Company Secretary
Mitchell’s Fruit Farms Limited
39-A, D-1, Gulberg III,
Lahore, Pakistan.
Ph: (042) 5872392-96
Fax: (042) 5872398
Website: www.mitchells.com.pk
E-mail: ho@mitchells.com.pk