News Makers News From Pakistan
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday October31, 2011 at 3:30 P.M at the Registered Office of the Company Aiwan-i-Science Off Shahrah-e-Roomi, Lahore recommend the following:
(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil
The Financial Results of the Company are as follows:
| Agritech Limited | Agritech Limited | |||
| (Stand Alone) | (Consolidated) | |||
| 30-Sep-11 | 30-Sep-10 | 30-Sep-11 | 30-Sep-10 | |
| Rupees | Rupees | Rupees | Rupees | |
| Sales – net | 1,194,548,060 | 1,012,556,096 | 1,801,037,997 | 1,342,602,888 |
| Cost of sales | (704,418,462) | (593,514,981) | (1,097,286,163) | (907,225,656) |
| ————- | ————- | ————- | ————- | |
| Gross Profit | 490,129,598 | 419,041,115 | 703,751,834 | 435,377,232 |
| Selling and distribution expenses | (104,610,705) | (46,871,427) | (118,021,825) | (48,218,751) |
| Administrative and general expenses | (68,764,069) | (48,638,552) | (72,687,963) | (58,566,633) |
| Net other income/ (expense) | 29,350,866 | 24,806,247 | 29,734,571 | 24,902,254 |
| ————- | ————- | ————- | ————- | |
| Operating profit | 346,099,690 | 348,337,383 | 542,776,617 | 353,493,902 |
| Finance cost | (443,251,586) | (436,054,918) | (421,008,037) | (436,802,291) |
| ————- | ————- | ————- | ————- | |
| Loss before taxation | (97,151,896) | (87,717,535) | 121,767,980 | (83,308,389) |
| Taxation | (6,702,188) | 358,249,134 | (12,767,087) | 355,184,114 |
| ————- | ————- | ————- | ————- | |
| Loss/Profit after taxation | (103,854,084) | 270,531,599 | 109,000,893 | 271,875,725 |
| ————- | ————- | ————- | ————- | |
| Earnings per share – Basic and diluted | (0.26) | 0.69 | 0.28 | 0.69 |
Comparative figures have been rearranged and reclassified where necessary, for the purpose of comparison.
For more information, contact:
Agritech Limited
Ismali Aiwan-e-Science Building,
Main Ferozpur Road,
Lahore,
Pakistan.
Tel: (92) (42) 111-786-645
Fax: (92) (42) 35751841
