Bata Pakistan’s profit after tax increases to Rs472.704mn

RECORDER REPORT

KARACHI: The profit after tax of Bata Pakistan Limited has increased to Rs. 472.704 million in the half year period ended on June 30, 2012 as compared to Rs. 375.722 million earned in the corresponding period in 2011.

The board of directors of the company in its meeting held on Monday declared that the company’s earning per share has increased to Rs. 62.53 in the period under review against Rs. 49.70 in the same period last year.

According to the financial results sent to Karachi Stock Exchange the company’s net sales increased to Rs. 5.189 billion against Rs. 4.434 billion. The cost of sale increased to Rs. 3.187 billion against Rs 2.754 billion.

The company’s profit before taxation increased to Rs. 626.731 million in the first half of 2012 against Rs. 509.879 million in the same period last year.

On quarterly basis, the company’s profit after tax increased to Rs. 300.370 million translating earning per share of Rs. 39.73 in the quarter ended on June 30, 2012 as compared to after tax profit of Rs. 205.625 million with per share earning of Rs. 27.20 in the corresponding quarter in 2011.