Karachi: We have to inform you that the director of the Company approved the accounts for the Nine Months period ended June 30, 2011 on July 30, 2011 at Registered office of the company, declaring on dividend for the shareholders. The financial results of the company are as follows:
|
Nine months Period Ended |
Three months Period Ended |
|||
|
30 June |
30 June |
30 June |
30 June |
|
|
2011 |
2010 |
2011 |
2010 |
|
|
(Rupees) |
(Rupees) |
|||
| Sales Net | 949,178,259 | – | 283,120,429 | – |
| Toll Manufacturing Income | – | 100,335,030 | – | – |
| ———– | ———– | ———– | ———– | |
| 949,178,259 | 100,335,030 | 283,120,429 | – | |
| Less: | ||||
| Toll Manufacturing Cost | – | 133,838,768 | – | 17,200,975 |
| Cost of Sales | 823,270,214 | – | 200,587,023 | – |
| ———– | ———– | ———– | ———– | |
| Gross Profit / (Loss) | 125,908,045 | (33,503,738) | 82,533,406 | (17,200,975) |
| Distribution Cost | 3,949,231 | – | 343,846 | – |
| Administrative Expenses | 19,921,894 | 4,621,512 | 10,297,145 | 1,016,877 |
| ———– | ———– | ———– | ———– | |
| 23,871,125 | 4,621,512 | 10,640,991 | 1,046,877 | |
| ———– | ———– | ———– | ———– | |
| 102,036,920 | (38,125,250) | 71,892,415 | (18,247,852) | |
| Other operating income | 9,558,371 | 293,036 | 100,682 | 55,291 |
| ———– | ———– | ———– | ———– | |
| 111,595,291 | (37,832,214) | 71,993,097 | (18,192,561) | |
| Finance Cost | 130,424,992 | 58,026,670 | 65,202,885 | 21,355,786 |
| ———– | ———– | ———– | ———– | |
| Loss before taxation | (18,829,701) | (95,858,884) | 6,790,212 | (39,548,347) |
| Taxation | 9,491,783 | 501,675 | 2,831,204 | – |
| ———– | ———– | ———– | ———– | |
| Loss after taxation | (28,321,484) | (96,360,559) | 3,959,008 | (39,548,347) |
| ———– | ———– | ———– | ———– | |
| Earnings per share basic and diluted | (3.25) | (11.04) | 0.45 | (4.53) |
For more information, contact:
Company Secretary
Bawany Sugar Mills Limited
1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
Karachi – 75350,
Pakistan.
UAN: +9221 111-666-447
Tel: +9221 35655131-4
Fax: +9221 35680533