Home / Financial Results / Leather Up Limited’s financial results for the first quarter ended September 30, 2011

Leather Up Limited’s financial results for the first quarter ended September 30, 2011

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

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