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Treet Corporation Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on October 24, 2011 at 2: 30 PM at registered office, 72- B, Industrial Area Kot Lakhpat Lahore recommended the following:

The financial results of the Company are as follows:

Treet Group of Companies Consolidated Profit and loss Account and Appropriations For the Period Ended September 30, 2011

 

July to

July to

September

September

2011

2010

(Rupees in thousands)

Sales -Net 1,494,541 1,032,445
Cost of goods sold 1,100,923 839,198
 ——— ———
Gross Profit 393,618  193,247
Administrative expenses 29,787 17,608
Distribution cost 145,732 51,295
——— ———
175,519 68,903
——— ———
Operating Profit 218,099 124,344
Other operating income  34,264 30,321
Finance cost  (65,727) (55,540)
Share of profit of associate  – 5,617
 ———  ———
186,636 104,742
———  ———
Workers’ profit participation fund  6,248  4,672
Workers’ welfare fund 1,051 1,846
 ——— ———
7,299 6,518
———  ———
Profit before taxation  179,337 98,224
Provision for taxation
Group  (27,135)  (17,685)
Associated company (2,055)
——— ———
Profit after taxation 152,202 78,484
 ——— ———
Minority Interest 77 12
——— ———
Profit after taxation attributable to Group 152,125 78,472
 ———  ———
Unappropriated brought forward  839,836 553,535
Transfer from revaluation surplus 1,504  1,505
——— ———
Unappropriated profit curried forward 993,465 633,152
——— ———
Earnings per share – basic and diluted  3.44 1.88

 

Profit and loss Account and Appropriations For the Period Ended September 30, 2011

 

July to

July to

September

September

2011

2010

(Rupees in thousands)

Sales -Net 712,503 554,594
Cost of goods sold 520,471 423,197
 ———  ———
Gross Profit 192,032 131,397
Administrative expenses 22,718 16,083
Distribution cost 14,234 9,815
 ——— ———
36,952 25,898
——— ———
Operating Profit 155,080 105,499
Other operating income 33,671 27,143
Finance cost (63,790) (47,183)
———  ———
124,961 85,459
——— ———
Workers’ profit participation find 6,248 4,273
Workers’ welfare fund 1,051 1,624
———  ———
7,299 5,897
——— ———
Profit before taxation  117,662 79,562
Provision for taxation (21,206)  (14,078)
——— ———
Profit after taxation 96,456 65,484
Unappropriated brought forward 735,130 507,752
Transfer from revaluation surplus 1,507  1,504
——— ———
Unappropriated profit carried forward 833,093 574,740
——— ———
Earnings per share-basic and diluted 2.31 1.57

 

For more information, contact:
Ayaz Ahmed
Company Secretary
Treet Corporation Limited
72 – B. Kot Lakhpat Industrial Area,
Lahore, 54770, Pakistan
Tel: +92 (42) – 35830881, 85122296,
Fax: +92 (42) – 35114127, 35836770,
E-mail: info@treetonline.com
URL: www.treetgroup.com

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