Home / Financial Results / Agriauto Industries Limited’s financial results for the quarter ended September 30, 2011

Agriauto Industries Limited’s financial results for the quarter ended September 30, 2011

Karachi: We are pleased to inform you that the Board of Directors of our company n their meeting held on October 27, 2011 at 4:30 p.m. have approved the un-audited accounts for the quarter ended September 30, 2011 for submission to the Shareholders and the Stock Exchanges. The Board of Directors have recommended the following:

Cash Dividend          Nil
Bonus Issue            Nil
Right Shares           Nil

Financial Results:

The financial results of the Company are as follows:                                (Rs. in `000)

 

Quarter ended

September 30,

September 30,

2011

2010

Turnover – net  897,770  956,048
Cost of Sales (720,532)  (777,336)
——- ——-
Gross Profit 177,238  178,710
Distribution cost (13,487)  (13,845)
Administrative expenses (25,353)  (19,469)
 ——-  ——-
(38,840) (33,314)
Other operating income 14,437 16,383
 ——- ——-
Operating profit 152,835 161,779
Finance cost (155)  (240)
Other charges (11,357)  (14,919)
——- ——-
(11,512)  (15,159)
——-  ——-
Profit before taxation 141,323 146,620
Taxation  (47,574) (51,541)
——-  ——-
Profit after taxation 93,749  95,079
 ——- ——-
Basic Earnings per Share (Rs.)  3.26 3.30

 

For more information, contact:
M. Aqeel Loon
Company Secretary
Agriauto Industries Limited
5th Floor, House of Habib,
3 JCHS, Block-7/8,
Main Sarah-e-Faisal, Karachi.
Tel: 92-21-34541540. 34540543
Fax: 92-21-34549284
PABX: 34312030
E-mail: info@agriauto.com.pk

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