Gatron (Industries) Limited’s financial results for the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our in company in its meeting held on September 10, 201 1 at 11:30 am, at Karachi, recommended the following:
A final Cash Dividend for the year ended June 30, 2011 at Rs. 5.00 per share i.e.50%.
The financial results of the Gatron (Industries) Limited (GATI), comprising Profit and Loss Account as approved by the Board of Directors of the Company are appended as Annexure to this letter.
The Annual General Meeting of the Company will be held on October 24, 2011 at 11:30 a.m. at Quetta.
The above entitlement will be paid to the shareholders whose names will appear in the Register of the Members on October 17, 2011.
The Share Transfer Books of the Company will be closed from October 18, 2011 to October 24, 2011 (both days inclusive). Transfers received at the Liaison Office of the Company at 8th Floor, ‘Textile Plaza. M.A. Jinnah/Dunolly Road, Karachi-74000, at the close of the business hours on October 17, 2011 will be treated in time for the purpose of the above entitlement to the transferees.
|(Pak Rupees in Thousand)|
|Cost of sales||9,908,833||8,053,171|
|Distribution and selling expenses||174,406||133,078|
|Other operating expenses||50,817||41,170|
|Others operating income||17,997||7,206|
|Investment income – Dividend||301,000||301,000|
|Profit before income tax||774,323||423,443|
|Profit after income tax||613,127||410,975|
|Earnings per share – Basic and diluted (Rupees )||15.98||10.71|
For more information, contact:
Gatron (Industries) Limited
Liaison Office: 8th Floor, ‘Textile Plaza,
M.A. Jinnah/Dunolly Road,
P.O. Box: 5801, Karachi-74000, Pakistan
Tel: (92-21) 32417171 (3 Lines)
U.A.N: (92-21) 111-71-71-71
Fax: (92-21) 32416532