Agriauto Industries 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 September 09, 2011 at 03:00 p.m. recommended the following:

Cash Dividend:

A final Cash Dividend for the year ended June 30, 2011 at Rs. 5.00 per share i.e. 100%

Financial Results:

The financial results of the Company are as follows:

 

Rs in ‘000’

Year ended

June 30,

June 30,

20112010
Turnover – net3,980,2583,906,482
Cost of Sales (3,170,927)(2,950,248)
——————
Gross profit809,331956,234
Distribution cost (57,830)(50,786)
Administrative expenses(89,192) (70,293)
 ——— ———
(147,022)(121,079)
Other operating income / (expenses) 68,185 (88,225)
——————
Operating profit730,494746,930
Finance cost(837) (1,087)
Other charges(57,076) (60,570)
 ——————
(57,913)(61,570)
——— ———
Profit before taxation 672,581 685,273
Taxation (223,621) (291,031)
——————
Profit after taxation438,960394,242
 ——— ———
Basic Earnings per Share (Rs.) 15.2413.69

 

 

The Annual General Meeting of the Company will be held on October 17, 2011 at 02:30 p.m. at Institute of Chartered Accountant of Pakistan (ICAP), Auditorium, Chartered Accountant Avenue Karachi.

The above entitlement will be paid to the shareholders whose names will appear in the Registered of Members on October 11, 2011.

Share transfer book of the company will be closed from October 11, 2011 to October 17, 2011 (both days inclusive).

For more information, contact:
M. Aqeel Loon
Company Secretary
Agriauto Industries Limited
5th Floor, House of Habib,
3 JCHS, Block – 7/8,
Main Shara-e-Faisal,
Karachi.
PABX: 34312030
Tel: 92-21-34541540
Fax: 92-21-34549284
Email: info@agriauto.com.pk