Colony Sugar Mills Limited’s declaration of financial results for the nine months ended June 30, 2011

Colony Sugar Mills Limited’s declaration of financial results for the nine months ended June 30, 2011

Karachi: We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2011 in their meeting held on Friday, July 29, 2011 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:

 

Nine Months Ended

Third quarter ended

June 30

June 30

2011

2010

2011

2010

Rupees in thousand

Sales – net 4,368,574 2,977,820 847,488 1,014,546
Cost of sales 3,698,303 2,610,530 603,020 857,923
——— ——— ——- ———
Gross Profit 670,271 367,290 244,468 156,623
Operating expenses
Administrative and general exp 81,069 67,754 22,783 18,880
Distribution and marketing exp 131,706 52,092 52,592 15,848
——— ——— ——- ———
212,775 119,846 75,375 34,728
——— ——— ——- ———
457,496 247,444 169,093 121,895
Other operating income 5,184 3,454 121 82
——— ——— ——- ———
Operating profit 462,680 250,898 169,214 121,977
Financial and other charges 343,940 313,616 120,819 112,586
——— ——— ——- ———
Profit / (Loss) before taxation 118,740 (62,718) 48,395 9,391
Provision for Taxation 46,702 (3,184) 8,475 6,287
——— ——— ——- ———
Profit/ (Loss) for the period 72,038 (59,534) 39,920 3,104
 ——— ——— ——- ———
Earnings/(Loss)  per share –  basic (Rupees) 0.73 (0.60) 0.41 0.03

Directors have not recommended Cash Dividend, Bonus/ Right Shares.

For more information, contact:
Abdul Mansoor Khan
Company Secretary
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Building,
205-Ferozepur Road, Lahore-54600,
Pakistan.
Tel: +9242 111-COLONY
Fax: +9242 5762246
Email: info@colonysugar.com

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