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Abdullah Shah Ghazi Sugar Mills Limited’s Financial Results for the Period Ended March 31, 2011

Date: June 1, 2011 Author: Web Desk Category: Financial Results Tags: Short URL Comments: 0

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on May 31, 2011 at 04:00 pm, at its registered office of company recommended the following:

1. Cash Dividend

Nil

And /Or

2. Bonus Shares

Nil

And /Or

3. Right Shares

Nil

And /Or

4. Any Other Entitlement/Corporate Action

Nil

And /Or

5. Any Other Price-Sensitive Information

Not Applicable

The Financial Results of Company are as Follows:

6 Months 3 Months
Oct 2011 to

Mar 2011

Oct 2009 to

Mar 2010

Jan 2011 to

Mar 2011

Jan 2009 to

Mar 2010

Rupees
Sales – Net 1,032,539,617 628,356,794 667,629,446 367,096,418
Cost of sales 844,563,587 553,925,543 635,108,762 344,036,468
————- ————- ————- ————-
Gross profit 187,976,030 74,431,251 32,520.684 23,059,950
Operating Expenses
Administrative and general expenses 15,006,860 13,251,863 9,602,541 6,432,570
Distribution expenses 895,494 819,375 786,789 711,902
————- ————- ————- ————-
15,902,354 14,071,238 10,389,330 7,144,472
————- ————- ————- ————-
Operating Profit 172,073,676 60,360,013 22,131,354 15,915,478
Finance cost 54,361,420 28,366,757 36,283,782 24,026,047
Workers’ profit participation fund 5,942,725 1,618,628 (650,509) -
Workers’ welfare fund 2,377,090 632,279 (260,204) -
————- ————- ————- ————-
62,681,235 30,617,664 35,373,069 24,026,047
————- ————- ————- ————-
Profit/ (loss) for the period 109,392,441 29,742,349 (13,241,715) (8,110,569)
Other income 1,142,249 379,310 1,142,249 379,310
————- ————- ————- ————-
Profit/ (1oss) before taxation 110,534,690 30,121,659 (12,099,466) (7,731,259)
Provision for taxation
Current (10,325,396) (3,141,784) (6,676,294) (1,835,482)
Deferred (4,129,283) 1,027,814 (4,643,216) 513,907
————- ————- ————- ————-
(14,454,679) (2,113,970) (11,319,510) (1,321,575)
————- ————- ————- ————-
Profit / (loss) after taxation 96,080,011 28,007,689 (23,418,976) (9,052,834)
————- ————- ————- ————-
Earnings / (loss) per share – Basic and diluted 1.21 0.35 (0.30) (0.11)

For more information, contact:
Company Secretary
Abdullah Shah Ghazi Sugar Mills Limited
65 – Infantry Road Lahore.
Tel: +9242 36834016-22
Fax: +9242 36811253
Email: info@maccagroup.com

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