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Wednesday, October 17th, 2018

Agriauto Industries Limited’s financial results for the nine months and quarter ended March 31, 2012

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Karachi: We are pleased to inform you that the Board of Directors of our company in their meeting held on April 25, 2012 at 11:00 a.m. have approved the un-audited accounts for the nine months and quarter ended March 31, 2012 for submission to the Shareholders and the Stock Exchanges 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

Nine months ended

Quarter ended

March 31,

March 31,

March 31,

March 31,

2012

2011

2012

2011

Turnover – net 3,011,141 3,091,826 1,168,554 1,134,214
Cost of sales (2,371,211) (2,464,185) (876,165) (889,439)
——— ——— ——— ———
Gross Profit 639,930 627,641 292,389 244,775
Distribution cost (48,623) (46,171) (19,729) (17,253)
Administrative expenses (78,813) (63,171) (25,978) (20,942)
——— ——— ——— ———
(127,436) (109,342) (45,707) (38,195)
Other operating income 43,948 46,186 12,525 9,704
——— ——— ——— ———
Operating profit 556,442 564,485 259,207 216,284
——— ——— ——— ———
Finance cost (327) (697) (94) (224)
Other charges (41,695) (42,962) (20,351) (14,319)
——— ——— ——— ———
(42,022) (43,659) (20,445) (14,543)
——— ——— ——— ———
Profit before taxation 514,420 520,826 233,762 201,741
Taxation (160,107) (170,393) (79,065) (71,029)
——— ——— ——— ———
Profit after taxation 354,313 350,433 159,697 130,712
——— ——— ——— ———
Basic Earnings per Share (Rs.) 12.30 12.17 5.55 4.54

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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