Bawany Sugar Mills Limited’s financial results for the nine months period ended June 30, 2011

Bawany Sugar Mills Limited’s financial results for the nine months period ended June 30, 2011

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

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