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Agriauto Industries Limited’s financial results for the period and quarter ended March 31, 2011

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Karachi, April 19, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors of our Company in their meeting held on April 18, 2013 at 04:30 p.m. have approved the un-audited accounts for the period and quarter ended March 31, 2013 for submission to the Shareholders and the Stock Exchange as required under section 245 of the Companies Ordinance 1984. The Board of Directors have recommended the following:

Cash Dividend       Nil

Bonus Issue         Nil

Right Shares        Nil

Financial Results:

The financial results of the Company are as follows:

Rs. ‘000

Separate Accounts

Nine months ended

Quarter ended

March 31,

March 31,

March 31,

March 31,

2013

2012

2013

2012

Turnover-net

2,417,470

3,011,141

961,649

1,168,554

Cost of sales

(1,993,116)

(2,371,211)

(763,339)

(876,165)

———

———

——-

———

Gross Profit

424,354

639,930

198,310

292,389

Distribution cost

(46,958)

(48,623)

(18,164)

(19,729)

Administrative expenses

(102,168)

(78,813)

(32,225)

(25,978)

———

———

——-

———

(149,126)

(127,436)

(50,389)

(45,707)

Other operating income

41,269

43,948

8,758

12,525

———

———

——-

———

Operating profit

316,497

556,442

156,679

259,207

Finance cost

(121)

(327)

(94)

Other charges

(21,384)

(41,695)

(10,380)

(20,351)

———

———

——-

———

(21,505)

(42,022)

(10,380)

(20,445)

———

———

——-

———

Profit before taxation

294,992

514,420

146,299

238,762

Taxation

(96,492)

(160,107)

(51,402)

(79,065)

———

———

——-

———

Profit after taxation

198,500

354,313

94,897

159,697

———

———

——-

———

Basic Earnings per Share (Rs.)

6.89

12.30

3.30

5.55

We will send you 300 copies of printed accounts for distribution amongst member of the Exchange within due course of time.

For more information, contact:
M. Aqeel Loon
Company Secretary
Agriauto Industries Limited
5th Floor, House of Habib,
3 JCHS, Block-7/8,
Main Sarah-e-Faisal, Karachi.
Tel: 92-21-34541540, 34540543
Fax: 92-21-34549284
PABX: 34312030
E-mail: info@agriauto.com.pk

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