Atlas Engineering Limited’s financial results for the year ended June 30, 2011

Karachi: It is to inform you that the Board of Directors of our company in their Meeting held on September 23, 2011 at 11.30 a.m. at Corporate Office, 2nd Floor, Federation House, Sharah-e Firdousi Clifton, Karachi recommended no dividend for the year ended June 30, 2011.

 

The financial results of the Company for the year ended June 30, 2011 are as follows:

 

Jul-Jun

Jul – Jun

2011

2010

(Rupees in thousands)

Sales2,117,0031,529,328
Cost of goods sold(1,884,915) (1,341,549)
 ——— ———
Gross profit232,088 187,779
Selling and distribution costs (23,299) (20,690)
Administrative expenses(53,605) (49,629)
Other operating expenses(8,707)(6,800)
Finance costs(65,800)(52,721)
——— ———
 (151,411)(129,840)
——————
Operating profit80,67757,939
Other operating income2,045123
——————
Profit before taxation82,72258,062
Taxation (11,173) (21,918)
——————
Profit after taxation71,54936,144
 ——— ———

Rupees

Rupees

Earnings per share – Basic and diluted2.901.46

 

The Annual General Meeting of the Company will be held on October 26, 2011 at 10:00 am at Corporate Office, 2nd Floor, Federation House, Sharah-e-Firdousi Clifton, Karachi. The Share transfer books of the Company will remain closed from October 20, 2011 to October 26, 2011 (both days inclusive).

For more information, contact:
Fida Hussain Zahid
Company Secretary
Atlas Engineering Limited
15th Mile National Highway,
Landhi, Karachi-75120
Ph: (92-21) 35016921-4,
UAN: 111-111-235
Fax: (92-21) 35011709
E-mail: aeilkhi@allwin.com.pk