Mitchell’s Fruit Farms Limited’s Information Under Listing Regulations 16 and 17
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Be First!
Karachi: It is to inform you that the Board of Directors of our Company in their Meeting held on May 23, 2011 to review and approve accounts for the quarter and half year ended March 31, 2011, recommended the following:
Cash Dividend
None
Bonus Issue
None
Right Shares
None
Financial Results
A copy of the profit and loss accounts of the Company for the quarter and half yearly ended March 31, 2011 is enclosed.
Mitchell’s Fruit Farms Limited
Condensed Interim Profit and Loss Account For The Quarter Ended March 31, 2011 (Un-Audited)
| January to March | October to March | |||
| 2011 | 2010 | 2011 | 2010 | |
| Rupees | Rupees | Rupees | Rupees | |
| Sales | 406,247,396 | 344,256,859 | 736,206,623 | 665,248,332 |
| Cost of sales | (313,731,617) | (263,646,547) | (568,488,715) | (524,619,299) |
| ———– | ———– | ———– | ———– | |
| Gross profit | 92,515,779 | 80,610,312 | 167,717,908 | 140,629,033 |
| Administration expenses | (18,034,991) | (15,913,495) | (31,954,521) | (28,236,480) |
| Distribution and marketing expenses | (37,693,348) | (32,613,984) | (75,959,301) | (57,662,434) |
| Other operating expenses | (2,402,049) | (3,025,859) | (3,607,331) | (3,025,859) |
| Other operating income | 3,617,636 | 2,649,678 | 5,853,068 | 3,209,429 |
| ———– | ———– | ———– | ———– | |
| Profit from operations | 38,003,027 | 31,706,652 | 62,049,823 | 54,913,689 |
| Finance cost | (10,092,318) | (10,139,424) | (18,126,078) | (20,764,306) |
| ———– | ———– | ———– | ———– | |
| Profit before tax | 27,910,709 | 21,567,228 | 43,923,745 | 34,149,383 |
| Taxation | (10,674,475) | (11,565,287) | (15,936,358) | (11,585,287) |
| ———– | ———– | ———– | ———– | |
| Profit for the period | 17,236,234 | 10,001,941 | 27,987,387 | 22,584,098 |
| ———– | ———– | ———– | ———– | |
| Earnings per share – Basic and diluted | 3.42 | 1.98 | 5.55 | 4.48 |
| ———– | ———– | ———– | ———– | |
For more information, contact:
Atif Fayyaz
Company Secretary
Mitchell’s Fruit Farms Limited
39-A, D.I, Gulberg III,
Lahore, Pakistan.
Fax: +9242 5872398
Tel: +9242 5872392
Wed: www.mitchells.com.pk