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Saturday, September 26th, 2020

Mitchell’s Fruit Farms Limited’s Information Under Listing Regulations 16 and 17

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

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