Treet Corpn’s profit after tax increases to Rs309.988mn

RECORDER REPORT

KARACHI: The profit after taxation of Treet Corporation Limited has increased to Rs. 309.988 million in the year ended June 30, 2012 (FY12) as compared to Rs. 290.118 million earned in the corresponding period in FY11.

The company’s earning per share increased to Rs. 7.41 in the period under review against Rs. 5.29 in the same period last year.

The board of directors of the company held on Tuesday recommended a final cash dividend at Rs. 2.00 per share i.e. 20 percent.

According to the financial results sent to Karachi Stock Exchange, the company’s net sales increased to Rs. 2.820 billion in FY12 against Rs. 2.280 billion in FY11 while the cost of goods sold increased to Rs. 2.104 billion against Rs. 1.773 billion.

The company’s profit before taxation increased to Rs. 367.929 million in FY12 against Rs. 290.118 million in FY11.