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

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

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on July 26, 2011 at 11:30 a.m. at 29-G, Gulberg-II, Lahore has approved the financial results of the Company as follows:

Profit and Loss Account

(Rupees in thousands)

Nine Months Ended

Quarter Ended

2011 2010 2011 2010
Sales 1,328,258 1,228,128 237,216 495,353
Cost of Sales 1,186,626 1,183,207 218,975 522,162
——— ——— ——- ——–
Gross Profit/(Loss) 141,632 44,921 18,241 (26,809)
Operating Expenses
Distribution cost 2,926 2,028 491 401
Administrative expenses 56,185 56,399 16,988 15,181
Other Operating expenses 500 590 40 40
——— ———  ——- ——–
59,830 53,017 17,519 16,622
——— ——— ——- ——–
Operating Profit / (Loss) 61,952 (8,095) 722 (43,431)
Finance Cost 74,732 60,698 32,324 1,738
Other Income / (Expenses) 1,916 10,618 459 6,564
——— ——— ——- ——–
Profit / (Loss) Before Taxation 9,038 (58,176) (31,143) (38,605)
Provision for Taxation (13,204) (6,153) (2,372) (2,478)
———- ——— ——– ——–
Profit / (Loss) after taxation (4,248) (64,329) (33,515) (41,081)
Other Comprehensive Income / (Loss)
For the Period
———- ——— ——– ——–
Total Comprehensive Income/ (Loss)
For The Period (4,248) (64,329) (33,515) (41,081)
———- ——— ——– ——–
Earning / (Loss) Per Share- Basic and Diluted (Rs) (0.39) (5.90) (3.07) (3.77)

For more information, contact:
Farooq Ahmed
Company Secretary
Kohinoor Sugar Mills Limited
29-G, Gulberg II,
Lahore, Pakistan
Fax: +9242 35710972
Tel: +9242 35757250
HTTP: //www.ksugar.com

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