Pakistan Company News – Financial results of Mitchell’s Fruit Farms Limited for Quarter ended March 31, 2017

Financial results of Mitchell’s Fruit Farms Limited for Quarter ended March 31, 2017

Karachi, Mitchell’s Fruit Farms Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on May 25, 2017.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2017 which portrayed a loss of Rs. 1,392,767 with loss per share 0.18 basic and diluted respectively.

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

Mitchell’s Fruit Farms Limited is a company incorporated in Pakistan in 1933 by Francis J. Mitchell under the name of Indian Mildura Fruit Farms Ltd. After the country gained independence in 1947, the company’s name was changed to “MITCHELL’S Fruit Farms Ltd.” with the brand name of “MITCHELL’S”. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of various farm and confectionery products. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The products of the company ranges from squashes and fruit drinks, fruity jam, jellies and marmalade, tomato ketchup and sauces, tasty pickles, nutritious canned fruits and vegetables, to a wholesome assortment of candies, toffees and chocolates. The products are sold locally and internationally in areas like UK, USA, Canada, Middle-East and South-West Asia.

The symbol “MFFL” is being used by the stock exchanges for the shares of Mitchell’s Fruit Farms Limited.