Gatron (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 in company in its meeting held on September 10, 201 1 at 11:30 am, at Karachi, recommended the following:

Cash Dividend

A final Cash Dividend for the year ended June 30, 2011 at Rs. 5.00 per share i.e.50%.

The financial results of the Gatron (Industries) Limited (GATI), comprising Profit and Loss Account as approved by the Board of Directors of the Company are appended as Annexure to this letter.

The Annual General Meeting of the Company will be held on October 24, 2011 at 11:30 a.m. at Quetta.

The above entitlement will be paid to the shareholders whose names will appear in the Register of the Members on October 17, 2011.

The Share Transfer Books of the Company will be closed from October 18, 2011 to October 24, 2011 (both days inclusive). Transfers received at the Liaison Office of the Company at 8th Floor, ‘Textile Plaza. M.A. Jinnah/Dunolly Road, Karachi-74000, at the close of the business hours on October 17, 2011 will be treated in time for the purpose of the above entitlement to the transferees.

 

Annexure

(Pak Rupees in Thousand)
 20112010
Sales 10,780,5319,620,045
Cost of sales9,908,833 8,053,171
 ———-———
Gross Profit871,698566,874
Distribution and selling expenses174,406133,078
Administrative expenses124,641104,327
Other operating expenses50,817 41,170
 ———-———
349,864278,575
 ———-———
521,834288,299
Others operating income 17,9977,206
 ———-———
Operating Profit539,831295,505
Finance cost 66,508173,062
  ———- ———
 473,323122, 443
Investment income – Dividend 301,000301,000
 ———- ———
Profit before income tax774,323 423,443
Income tax 161,19612,468
 ———-———
Profit after income tax 613,127410,975
 ———-———
Earnings per share – Basic and diluted (Rupees )15.9810.71

 

For more information, contact:
Gatron (Industries) Limited
Liaison Office: 8th Floor, ‘Textile Plaza,
M.A. Jinnah/Dunolly Road,
P.O. Box: 5801, Karachi-74000, Pakistan
Tel: (92-21) 32417171 (3 Lines)
U.A.N: (92-21) 111-71-71-71
Fax: (92-21) 32416532
E-mail: headoffice@gatron-novatox.com
Website: www.gatronova.com