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United Distributors Pakistan Limited’s financials results for the year ended June 30, 2011

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by September 30, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday September 29, 2011 at 04:00 p.m. have approved the audited Financial Statements for the year ended June 30, 2011.

Appropriations:

 

2011 2010
(1) Cash Dividend  Nil  Nil
(2)  Bonus Shares Nil Nil
(3)  Right Shares Nil  Nil
Nil Nil

 

 

2011

2010

Rupees

Rupees

(000)

(000)

Net sales 1,020,239 1,143,401
Cost of goods sold (816,007)  (928,826)
 ———  ———
Gross profit  204,232  214,575
Distribution fee for handling of products 3,594 51,251
——— ———
 307,826 265,826
Selling expenses (233,720)  (210,481)
Distribution expenses (35,324) (50,628)
Administrative and general expenses (24,248) (24,984)
  ——— ———
 (273,298) (286,093)
 ———  ———
Operating (loss)  (65,466) (20,267)
Other income 18,580  9,157
Finance costs (53,636)  (41,191)
Share of profits of associates 1,126 33,089
 ———  ———
(Loss) before taxation  (99,396) (19,212)
Provision for taxation  2,769  (12,192)
 ———  ———
(Loss) after taxation  (99,627) (31,404)
 ———  ———
(Loss) per share-basic and diluted  (10.52) (3.42)

 

The 29th Annual General Meeting of the Company will be held at 6:00 pm on Thursday October 29, 2011 at the Institute of Cost and Management Accountants of Pakistan, Hussein Shah Shaheed Road, Soldier Bazar, Karachi.

The share transfer books of the Company Will remain closed from October 23, 2011 to October 29, 2011 (both days inclusive). Transfers should be received at the office of our registrar M/s. Gangjees Registrar Services (Pvt.) Limited, Room No. 516, Clifton Centre. Kehkashan Block 5, Clifton Karachi latest by the close of business on October 22, 2011.

For more information, contact:
United Distributors Pakistan Limited
1st Floor, NIC Building,
Abbasi Shaheed Road,
Karachi- 75530
Tel: (92-21) 3563-5514 (3 Lines)
Fax: (92-21) 3563-5518
Web: www.udl.com.pk

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