Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended June 30, 2011

Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on July 30, 2011 at 04:00 pm, at its registered office of company recommended the following:

(i) Cash Dividend                                 Nil

AND/OR

(ii) Bonus Shares                                 Nil

AND/OR

(iii) Right Shares                                Nil

AND/OR

(iv) Any Other Entitlement/Corporate Action       Nil

AND/OR

(v) Any Other Price-Sensitive Information

Not Applicable

The financial results of Company are as follows:

 

9 months

3 months

Oct 2010 to

Jun 2011

Oct 2009 to

Jun 2010

Apr 2011 in

Jun 2011

Apr 2010 to

Jun 2010

Rupees

Rupees

Sates – Net 1,130,113,214 958,241,116 97,573,597 329,884,322
Cost of sales 941,237,553 844,841,094 96,673,966 290,915,551
———— ————- ————- ————-
Gross profit 188,875,661 113,400,022 899,631 38,968,771
Operating Expenses
Administrative and general expenses 21,144,830 18,380,615 6,137,970 5,128,752
Distribution expenses 994,301 862,315 98,807 42,940
————- ———— ————- ————-
22,139,131 19,242,930 6,236,777 5,171,692
————- ————- ————- ————-
Operating profit 166,736,530 94,157,092 (5,337,146) 33,797,079
Finance cost 109,057,647 57,779,271 54,696,227 29,412,514
Workers’ welfare fund 1,196,554 737,040 (1,180,536) 104,761
————- ————- ————- ————-
113,245,585 60,335,202 50,564,350 29,717,538
————- ————- ————- ————-
Profit / (loss) for the period 53,490,945 33,821,890 (55,901,496) 4,079,541
Other income 2,148,804 474,199 1,006,555 94,889
————- ————- ————- ————-
Profit / (loss) before taxation 55,639,749 34,296,089 (54,894,941) 4,174,430
Provisions for taxation
Current (11,301,132) (4,791,206) (975,736) (1,649,422)
Deferred 1,541,748 1,516,507 5,671,031 488,693
————- ————- ————- ————-
(9,759,385) (3,274,699) 4,695,294 (1,160,729)
————- ————- ————- ————-
Profit / (loss) after taxation 45,880,364 31,021,390 (50,199,647) 3,013,701
————- ————- ————-  ————-
Earnings / (loss) per share – Basic and diluted 0.58 0.40 (0.63) 0.21

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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