Profit after tax of Bata Pakistan declines to Rs 748.170 million

The profit after tax of Bata Pakistan Limited has declined to Rs 748.170 million in the year ended December 31, 2011 as compared to Rs 871.293 million earned in the year 2010. The company's earning per share stood at Rs 98.96 in the period under review against Rs 115.25 in the same period a year back.
The board of directors of the company in its meeting held on Monday recommended final cash dividend at Rs 20.00 per share ie 200 percent. According to the financial results sent to Karachi Stock Exchange, the company's sales increased to Rs 9.816 billion in 2011 against Rs 8.329 billion in 2010 while the cost of sales increased to Rs 6.275 billion against Rs 4.997 billion. The company's profit before taxation stood at Rs 1.025 billion in 2011 against Rs 1.189 billion in 2010.