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

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

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, July 25, 2011 at 11:00 a.m.at the registered office: 101-1st Floor, Ocean Centre, Talpur Road, Karachi, have approved the Un-audited Condensed Interim Financial Information of the Company for nine months period ended June 30, 2011 and decided not to declare any interim dividend. The financial results of the Company are as follows:

 

Un-Audited

Un-Audited

Nine months period ended

Quarter ended

Jun 30 Jun 30 Jun 30 Jun 30
2011 2010 2011 2010

(Rupees in ‘000’)

Sales 1,248,357 2,209,28 242,191 1,497,808
Cost of sales 1,066,688 1,885,949 191,666 1,375,623
——— ——— ——- ———
Gross profit 181,669 323,339 50,525 122,185
Distribution cost 2,030 1,541 59 367
Administrative expenses 66,945 52,852 20,694 15,137
——— ——— ——- ———
68,975 54,393 20,753 15,504
Other operating income 5,695 974 88 67
——— ——— ——- ———
118,389 269,920 29,860 106,748
Finance cost 55,255 57,514 25,008 28,792
Other operating charges 7,928 16,145 2,686 6,329
——— ——— ——- ———
63,183 73,659 27,694 35,121
——— ——— ——- ———
Net profit before taxation 55,206 196,261 2,166 71,627
Taxation 11,752 71,254 897 26,522
 ——— ——— —— ———
Net profit after taxation 43,454 125,007 1,269 45,105
——— ——— ——- ———
Earning per share – Basic and diluted 3.64 10.46 0.11 3.78

 

We will send you the required copies of printed Un-audited Condensed Interim Financial Information of the for the said period Company as per Listing Regulations for distribution amongst the members of the Exchange in due course.

For more information, contact:
Sanghar Sugar Mills Limited
101 – 1st Floor, Ocean Centre,
Talpur Road, Karachi – Pakistan.
Tel: +9221 32427171-72
Fax: +9221 32410700
E-mail; ssml@cyber.net.pk

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