Al-Ghazi Tractors Limited’s financial results for the half Year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our Company in their matting held on Thursday, August 18, 2011 at 15:00 hrs has approved the financial statements for the half year ended June 30, 2011 and given hereunder:
Qtr Ended June 30 |
half year Ended June, 30 |
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2011 |
2010 |
2011 |
2010 |
|
(Rupees ’000’) |
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Sales | 3,580,136 | 4,433,187 | 8,203,354 | 8,455,310 |
Cost of goods sold | (2,885,632) | (3,613,015) | (6,614,214) | (6,815,441) |
——— | ——— | ——— | ——— | |
Gross profit | 694,504 | 820,172 | 1,589,640 | 1,639,869 |
Distribution cost | (23,692) | (22,822) | (45,046) | (44,307) |
Administrative Cost | (34,445) | (31,111) | (70,988) | (61,314) |
——— | ——— | ——— | ——— | |
Operating profit | 636,367 | 766,239 | 1,473,606 | 1,534,248 |
Other operating income | 180,675 | 81,847 | 340,175 | 149,792 |
Other operating expenses | (56,299) | (58,188) | (125,063) | (115,834) |
——— | ——— | ——— | ——— | |
760,743 | 789,898 | 1,688,718 | 1,568,206 | |
Finance cost | (1,109) | (116) | (1,274) | (1,144) |
——— | ——— | ——— | ——— | |
Profit before taxation | 759,834 | 789,782 | 1,687,444 | 1,567,062 |
Taxation | (249,089) | (268,574) | (555,480) | (569,257) |
——— | ——— | ——— | ——— | |
Net profit after taxation | 510,545 | 521,208 | 1,131,964 | 997,805 |
——— | ——— | ——— | ——— | |
Earnings per share – Basic and diluted | 11.89 | 12.14 | 26.36 | 23.24 |
For more information, contact:
Sobika Muzammil
Company Secretary
Al-Ghazi Tractors Limited
11th Floor, NICL Building,
Abbasi Shaheed Road,
G.P.O. Box: 1290, Karachi