News Makers News From Pakistan
Karachi: We have to inform you that the Board Directors of the Company in their meeting held at 9.30 a.m. on Friday, October 28, 2011 recommended the followings.
1. Cash dividend Nil
2. Bonus Nil
3. Right Shares Nil
The financial results of the company for the first quarter ended September 30, 2011enclosed herewith along with appropriate comparative figures of corresponding period.
Profit and Loss Account for the Quarter Ended September 30, 2011 (Un- Audited)
|
Sep.2011 |
Sep.2010 |
|
|
Rupees |
Rupees |
|
| Sales | 34,744,176 | 13,967,841 |
| Cost of goods sold | (29,309,770) | (10,996,869) |
| ———- | ———- | |
| Gross profit | 5,434,406 | 2,970,972 |
| Operating expenses | ||
| Administration | (1,102,864) | (571,061) |
| Selling and distribution | (1,926,038) | (633,159) |
| ———- | ———- | |
| (3,028,902) | (1,204,220) | |
| ———- | ———- | |
| Operating profit / (loss) | 2,405,504 | 1,766,752 |
| Financial charges | (570,274) | (383,626) |
| Other Income | 127,306 | 91,689 |
| W.P.P.F | (98,127) | (73,741) |
| ———- | ———- | |
| (541,095) | (365,678) | |
| ———- | ———- | |
| Profit before taxation | 1,864,409 | 1,401,074 |
| Provision for taxation | (340,983) | (136,590) |
| ———- | ———- | |
| Profit after taxation | 1,523,426 | 1,264,484 |
| ———- | ———- | |
| Earnings Per Share | 0.25 | 0.21 |
For Leather Up Limited
For more information, contact:
Leather Up Limited
23/C, 15th Commercial Street,
Phase II-Ext., Defence Housing Authority,
Karachi, Pakistan.
Tel: 92-(21) 5880771
Fax: 92-(21) 5880773
E-mail: leatherup@cyber.net.pk
