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Wednesday, September 23rd, 2020

Leather Up Limited’s financial results for the year ended June 30, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at 12:30 p.m. on Wednesday, August 03, 2011 recommended the followings.

1. A final Cash Dividend for the year ended June 30, 2011 at Re. 0.25 per share i.e. 2.50% only for Minority Shareholders.

2. The Directors of the Company have foregone their portion of Cash Dividend to facilitate Minority Shareholders.

The financial results of the company for the year ended June 30, 2011 enclosed herewith along with appropriate comparative figures of corresponding period.

The Annual General Meeting of the Company will be held on October 05, 2011 at 4.00 p.m. at Defence Point Lawn, Kashmir Colony, Main Korangi Road, Opposite Khayaban-e-Ittehad, Defence Housing Authority, Karachi.

The Share Transfer Book of the Company will be closed from 28-09-2011 to 04-10-2011, (both days inclusive). Transfers received at the Share Registrar office, M/s. C&K Management Associates (Pvt.) Limited, 404, Trade Tower, Abdullah Haroon Road, Near Metropole Hotel, Karachi-75530, at the close of business on 27-09-2011 will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

Rupees

Sales- net 71,482,395 18,702,860
Cost of sale  (56,648,243) (21,588,189)
 ———- ———-
Gross profit/ (loss) 14,834,152 (2,885,329)
Operating expenses
Administrative expenses (4,434,128) (3,589,167)
Distribution costs (6,602,577) (1,298,875)
———- ———-
(11,036,705) (4,888,042)
———- ———-
Operating profit/ (loss) 3,797,447 (7,773,371)
Finance costs (1,008,904) (1,137,092)
Other income 282,529 73,465
Other cost (280,134)
———- ———-
(1,006,509) (1,063,627)
———- ———-
Profit/ (loss) before taxation 2,790,938 (8,836,998)
Taxation (871,322) (184,435)
———- ———-
Profit / (loss) after taxation 1,919,616 (9,021,433)
———- ———-
Earnings/(loss) per share – basic and diluted 0.32 (1.50)

 

For more information, contact:
Leather Up Limited
23/C, 15th Commercial Street,
Phase II-Ext., Defence Housing Authority,
Karachi, Pakistan.
Tel: 92-(21) 5880771
Fax: 92-(21) 5880773

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