Mitchell’s Fruit Farms Limited’s information under listing regulations 16 and 17

Karachi: It is to inform you that the Board of Directors of our Company in their Meeting held on January 5, 2012 to review and approve accounts for the year ended September 30, 2011, recommended the following:

Cash Dividend            70%

Bonus Issue              None

Right Shares             None

Financial Results

A copy of profit and Loss account of the Company for the year ended September 30, 2011, is enclosed.

Company Secretary

Profit and Loss Account for the Year Ended September 30, 2011

 

2011

2010

Rupees

Rupees

Sales 1,794,248,317  1,376,861,492
Cost of sales 1,400,131,599 1,073,513,561
  ————-  ————-
Gross profit 394,116,718  303,347,931
Administration expenses (66,738,991)  (60,990,983)
Distribution and marketing expenses  (183,404,182)  (135,992,953)
Other operating expenses  (8,373,794)  (7,056,707)
Other operating income 10,906,983 7,513,001
 ————-  ————-
Profit from operations 146,506,734 106,820,289
Finance cost   (38,360,468)  (37,612,526)
————-  ————-
Profit before tax  108,146,266  69,207,763
Taxation  (34,721,057)  (22,739,889)
————- ————-
Profit for the year 73,425,209 46,467,874
————- ————-
Earnings per share – Basic and diluted 14.57 9.22

 

For more information, contact:
Mitchell’s Fruit Farms Limited
39-A, D-1, Gulberg III,
Lahore, Pakistan.
Phones: (042) 5872392-96
Fax: (042) 5872398
E-mail: ho@mitchells.com.pk
Website: www.mitchells.com.pk

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