Financial results of Bata Pakistan Limited for period ended March 31, 2016

Karachi, Bata Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 20, 2016.

The agenda of the meeting was discussion of profit and loss account for three months period ended March 31, 2016 which portrayed a profit of Rs. 267,156 and earnings per share 35.34 basic and diluted.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Bata Pakistan Limited has been rendering its services in Pakistan since 1942. The company was incorporated in Pakistan in 1951 by the name of Bata Shoe Company Pakistan Limited. Later, the company went public in 1979 and was renamed to Bata Pakistan Limited. The principle activity of the company is manufacturing and sale of footwear products of all kinds along with sale of accessories and hosiery items. The registered office of the company is located in Batapur, Lahore. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan.

The parent company of Bata is Bafin B.V. Netherlands, whereas the ultimate parent is Compass Limited, Bermuda. The company is a multinational operating in the local and international footwear market industry. Its retail network comprises of more than 400 retail outlets, 467 registered wholesale dealers, 13 wholesale depots, 28 wholesale distributors and 41 DSP wholesale franchises across the country. It employs more than 10,000 direct and indirect employees.

The symbol “BATA” is being used by the stock exchanges for the shares of Bata Pakistan Limited.