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

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

2011 2010 2011 2010
Rupees Rupees Rupees Rupees
Sales 448,592,365 376,045,003 1,184,798,988 1,041,293,335
Cost of Sales 346,835,901 293,559,343 915,324,616 818,178,642
————– ————– ————- ————–
Gross Profit 101,756,464 82,485,660 269,474,372 223,114,693
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 income 1,829,330 1,742,607 7,682,398 4,952,036
————– ————– ————- ————–
Profit from operations 29,892,902 21,547,261 91,942,725 76,460,950
Finance cost (11,151,322) (8,545,856) (29,277,400) (29,310,162)
————– ————– ————- ————–
Profit before taxation 18,741,580 13,001,404 62,665,325 47,150,787
Taxation (5,871,175) (4,465,981) (21,807,533) (16,031,268)
————– ————– ————- ————–
Profit after taxation 12,870,405 8,535,423 40,857,792 31,119,519
————– ————– ————- ————–
Earnings per share 2.55 1.69 8.11 6.17

 

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

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