Financial results of Bata Pakistan Limited for the period ended December 31, 2014

Karachi, Bata Pakistan Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 18, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for the period ended December 31, 2014 which portrayed a profit of Rs. 1,344,424 and earnings per share Rs. 176.84 basic and diluted. 340% payment of cash dividend and nil payment of bonus shares and right shares were agreed. Bata Pakistan Limited has been rendering its services in Pakistan since 1942. The company was incorporated in Pakistan in 1951 by the name of Bata Shoe Company Pakistan Limited. Later, the company went public in 1979 and was renamed to Bata Pakistan Limited. The principle activity of the company is manufacturing and sale of footwear products of all kinds along with sale of accessories and hosiery items. The registered office of the company is located in Batapur, Lahore. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan The parent company of Bata is Bafin B.V. Netherlands, whereas the ultimate parent is Compass Limited, Bermuda. The company is a multinational operating in the local and international footwear market industry. Its retail network comprises of more than 400 retail outlets, 467 registered wholesale dealers, 13 wholesale depots, 28 wholesale distributors and 41 DSP wholesale franchises across the country. It employs more than 10,000 direct and indirect employees. The symbol “BATA” is being used by the stock exchanges for the shares of Bata Pakistan Limited.