Al-Noor Sugar Mills Limited’s financial results for the period ended 30th June 2011

Al-Noor Sugar Mills Limited’s financial results for the period ended 30th June 2011

Karachi: We have to inform you that Board of Directors of our Company in their meeting held at 11.30 a.m. on Thursday, 28th July 2011 recommended the following:

1) Cash Dividend:

A Cash Dividend for the period ended 30th June 2011 @ Rs. NIL per share. Interim Dividend has already been paid at Rs. NIL per share i.e. NIL%.

2) Bonus Issue:

It has been recommended by the Board of Directors to issue Interim bonus Shares in the proportion of NIL shares for every NIL shares held i.e. NIL %. This is in addition to the Interim Bonus Shares already issued @ NIL %

3) Right Shares:

The Board has also recommended to issue NIL % Right Shares at par/at a premium of Rs. NIL per share in proportion of NIL shares for every NIL shares.

The Profit and Loss Account for the period ended 30tH June 2011 is annexed herewith.

Al-Noor Sugar Mills Limited Condensed Interim Profit And Loss Account (Un-Audited) for the Nine Months Period Ended 30th June, 2011

 

For nine months

For the quarter

October-June

Apr-June

2011

2010

2011

2010

(`Rupees in ‘000’)

Sales 4,335,917 4,180,243 1,092,521 1,837,978
Cost of sales (3,460,027) (3,514,301) (704,139) (1,607,437)
———– ———– ———- ———–
Gross profit 875,890 665,942 388,382 230,541
Profit from trading activities 2,203 2,303 1,253 1,155
Other operating income 11,599 1,773 3,379 519
———– ———– ———- ———–
13,802 4,076 4,632 1,674
———– ———– ———- ———–
889,692  670,018 393,014 232,215
Administration expenses (208,011) (171,071) (70,211) (58,581)
Selling and Distribution expenses (13,873) (14,836) (2,568) (3,207)
Other operating expenses (26,354) (15,443) (12,409) (3,855)
Finance cost (287,516) (260,667) (140,718) (114,569)
Share of Profit/(Loss) of investment in associate 18,603 1,667 4,509 (1,704)
———– ———– ———- ———–
(517,151) (460,350) (221,397) (181,916)
———– ———– ———- ———–
Profit before taxation 372,541 209,668 171,617 50,299
Taxation
– Current (72,243) (22,668) (17,174) (4,083)
– Deferred 18,675 (49,883) 2,509 (10,302)
———– ———– ———- ———–
(53,568) (72,551) (14,665) (14,385)
———– ———– ———- ———–
Profit for the period after taxation 318,973 137,117 156,952 35,914
———– ———– ———- ———–
Earnings per share – Basic and diluted- (Rupees) 17.18 7.38 8.45 1.93

 

For more information, contact:
M.Yasin Mughal
Company Secretary
Al-Noor Sugar Mills Limited
96-A Sindhi Muslim Housing Society,
Karachi- 74400, Pakistan

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