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United Brands Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday November 21, 2011 at 03:30 p.m. have approved the audited Financial Statements for the year ended June 30, 2011.

 

Appropriations:

2011

2010

(I) Cash Dividend

Nil

Nil

(II) Bonus Shares

Nil

Nil

(III) Right Shares

Nil

Nil

Nil

Nil

2011

2010

Rupees

Rupees

(000)  (000)
Net sales  831,475  711,461
Cost of goods sold    (739,657)  (624,298)
Gross profit  91,318 87,163
Distribution expenses (57,339)  (52,078)
Administrative expenses  (36,660)  (12,558)
 (93,999)  (64,636)
Operating (loss)  (2,181)  22,527
Other income 164  –
Finance costs  (29,967)  (11,853)
(Loss) before taxation (31,984) 10,674
Provision for taxation (2,529)  (9,266)
(Loss) after taxation  (34,513) 1,409
(Loss) per share-basic and diluted (28.76) 1.17

 

The 47th Annual General Meeting of the Company will be held as per directives of the SECP under section 170 of the Companies Ordinance 1984.

For more information, contact:
United Brands Limited
9th Floor, NIC Building,
Abbasi Shaheed Road, Karachi
Tel: 5675111-7, 5683944-6
Fax: 5682772
Web: www.ubrands.biz

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