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Monday, December 11th, 2017

Millat Tractors Limited’s quarterly accounts for the 1st quarter ended September 30, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Oct 25, 2011 at 10:00 a.m. at the Company’s Corporate Office, 4th Floor, 83-A-F/1, Main Boulevard Gulberg-III, Lahore, approved the following financial results for the 1st quarter ended 30, 2011:

 

(Rupees in thousands)

July-Sept 2011

July-Sept 2010

Sales-net  2,341,013 5,078,256
Cost of Sales 1,962,209 4,186,726
——— ———
Gross Profit 378,804 891,530
Distribution and marketing expenses 81,688  126,376
Administrative expenses 77,943 73,143
——— ———
159,631 199,519
———  ———
Operating profit 219,173 692,011
Other Operating income 145,771 176,671
——— ———
364,944 558,682
Other Operating Expenses  44,635 59,672
Finance Cost  1,934 4,095
——— ———
46,569  63,767
——— ———
Profit before taxation 318,375 804,915
Taxation 73,968 245,220
———  ———
Profit for the period  244,407 559,695
——— ———
Earnings per share – basic
and diluted (Rs.) 6.68 15.29

 

For more information, contact:
Mian Muhammad Saleem
Company Secretary
Millat Tractors Limited
P. O. Box No. 12023, Sheikhupura Road,
Shahdara, Lahore, Pakistan.
Tel: 92-423-7911021-25,
UAN: 111-200-786
Fax: 92-423-7924166
Web: www.millat.com.pk
E-mail: info@millat.com.pk

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