Mitchell’s Fruit Farms Limited’s information under listing regulation 16 and 17

Karachi: It is to inform you that the Board of Directors of our Company in their Meeting held on July 14, 2011 to review and approve accounts for the third quarter ended June 30, 2011, recommended the following:

Cash Dividend

None

Bonus Issue

None

Right Shares

None

Financial Results

Condensed Interim Profit and Loss Account

For the Quarter and Nine Months Ended June 30, 2011 (Un-audited)

April to June

October to June

2011201020112010
RupeesRupeesRupeesRupees
Sales448,592,365376,045,0031,184,798,9881,041,293,335
Cost of Sales346,835,901293,559,343915,324,616818,178,642
————–————–————-————–
Gross Profit101,756,46482,485,660269,474,372223,114,693
Administration expenses(15,366,797)(15,146,533)(47,321,318)(43,383,013)
Distribution and marketing expenses(57,069,110)(46,503,483)(133,028,411)(104,165,917)
Other operating expenses(1,256,985)(1,030,991)(4,864,316)(4,056,850)
Other operating income1,829,3301,742,6077,682,3984,952,036
————–————–————-————–
Profit from operations29,892,90221,547,26191,942,72576,460,950
Finance cost(11,151,322)(8,545,856)(29,277,400)(29,310,162)
————–————–————-————–
Profit before taxation18,741,58013,001,40462,665,32547,150,787
Taxation(5,871,175)(4,465,981)(21,807,533)(16,031,268)
————–————–————-————–
Profit after taxation12,870,4058,535,42340,857,79231,119,519
————–————–————-————–
Earnings per share2.551.698.116.17

 

For more information, contact:
Atif Fayyaz
Company Secretary
Mitchell’s Fruit Farms Limited
39-A, D-1, Gulberg III,
Lahore, Pakistan.
Tel: +9242 5872392-96
Fax: +9242 5872398
E-mail: ho@mitchells.com.pk
Website: www.mitchells.com.pk