Shahmurad Sugar Mills Limited’s financial results for the period ended 30th June 2011

Shahmurad Sugar Mills Limited’s financial results for the period ended 30th June 2011

Karachi: We have to inform you that Board of Directors of our Company in their meeting held at 4.00 p.m. on Thursday, 28th July 2011 recommended the following:

i) Cash Dividend:

An Interim Cash Dividend for the quarter ended 30th June 2011 @ Rs. NIL per share. This is in addition to Interim Dividend already declared at Rs. NIL per share i.e. NIL.

ii) Bonus Issue:

It has been recommended by the Board of Directors to issue Interim Bonus Shares in the proportion of NIL shares for every NIL shares held i.e. NIL%. This is in addition to the Interim Bonus Shares already issued @ NIL %

iii) Right Shares:

The Board has also recommended to issue NIL% Right Shares at par/at a premium of Rs. NIL per NIL shares in proportion of NIL shares for every NIL Shares.

Shahmurad Sugar Mills Limited

Condensed Interim Profit and Loss Account (Un-audited)

For the Nine Months Period Ended 30th June-2011

 

For the Nine Months

For the Quarter

October to June

April to June

2011

2010

2011

2010

(Rupees in thousands)

Sales 3,057,161 2,806,312 673,321 1,198,629
Cost of Sales (2,393,476) (2,395,248) (494,943) (1,065,277)
——— ——— ——— ———
Gross Profit 663,685 411,064 178,378 133,352
Distribution Expenses (64,961) (45,721) (22,564) (13,679)
Administration Expenses (82,638) (78,719) (26,989) (24,346)
Other Operating Charges (21,718) (3,122) 1,695 2,453
——— ——— ——— ———
(169,317) (127,562) (47,858) (35,572)
——— ——— ——— ———
Profit from Operations 494,368 283,502 130,520 97,780
Other Operating Income 3,358 3,277 366 2,111
——— ——— ——— ———
497,726 286,779 130,886 99,891
Finance Cost (341,398) (265,913) (156,375) (108,849)
——— ——— ——— ———
Profit / (Loss) before taxation 156,328 20,866 (25,489) (8,958)
Taxation (37,268) (9,873) 54,348 (1,622)
——— ——— ——— ———
Profit / (Loss) after taxation 119,060 10,993 28,859 (10,580)
——— ——— ——— ———
Earnings per shares-Basic and

diluted-Rupees

 5.64 0.52 1.37 (0.50)

For more information, contact:
M. Yasin Mughal
Company secretary
Shahmurad Sugar Mills Limited
96-A, Sindhi Muslim Housing Society,
Karachi -74400, Pakistan
Tel: +9221 34550161-63
Fax: +9221 34556675
Email: annoor@dslplus.net.pk

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