Al-Ghazi Tractors Limited’s financial results for the half Year ended June 30, 2011

Al-Ghazi Tractors Limited’s financial results for the half Year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their matting held on Thursday, August 18, 2011 at 15:00 hrs has approved the financial statements for the half year ended June 30, 2011 and given hereunder:

 

Qtr Ended June 30

half year Ended June, 30

2011

2010

2011

2010

(Rupees ’000’)

Sales 3,580,136  4,433,187  8,203,354 8,455,310
Cost of goods sold (2,885,632) (3,613,015) (6,614,214)  (6,815,441)
———  ——— ——— ———
Gross profit  694,504 820,172 1,589,640 1,639,869
Distribution cost (23,692)  (22,822) (45,046) (44,307)
Administrative Cost (34,445)  (31,111)  (70,988) (61,314)
——— ——— ——— ———
Operating profit  636,367 766,239 1,473,606 1,534,248
Other operating income  180,675 81,847 340,175 149,792
Other operating expenses (56,299)  (58,188)  (125,063) (115,834)
——— ———  ———  ———
760,743 789,898 1,688,718 1,568,206
Finance cost  (1,109) (116)  (1,274) (1,144)
 ——— ——— ——— ———
Profit before taxation 759,834 789,782 1,687,444 1,567,062
Taxation (249,089) (268,574)  (555,480) (569,257)
 ——— ———  ——— ———
Net profit after taxation 510,545 521,208 1,131,964 997,805
——— ——— ——— ———
Earnings per share – Basic and diluted 11.89 12.14 26.36 23.24

 

For more information, contact:
Sobika Muzammil
Company Secretary
Al-Ghazi Tractors Limited
11th Floor, NICL Building,
Abbasi Shaheed Road,
G.P.O. Box: 1290, Karachi

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