Shahtaj Sugar Mills Limited’s Unaudited Accounts for the Quarter Ended 30.06.2011

Shahtaj Sugar Mills Limited’s Unaudited Accounts for the Quarter Ended 30.06.2011

Karachi: We are pleased to inform you that the Board of Directors of our Company in their meeting held today, Monday the 18th July 2011 at 11.30 A.M., have not recommended any cash dividend or any other benefit.

The financial results of the company are as follows:

Nine Months Ended Three Months Ended
30 June 30 June
2011 2010 2011 2010
(Rupees in thousand) (Rupees in thousand)
Sales 3,534,774 2,723,228 1,175,605 1,127,125
Cost of Sales 2,894,911 2,618,918 965,771 1,057,239
——— ——— ——— ———
Gross Profit / (Loss) 639,863 104,310 209,834 69,886
——— ——— ——— ———
Distribution Cost 5,927 5,133 1,352 1,265
Administrative expenses 95,986 85,076 21,717 21,668
Other Operating expenses 36,829 5,393 9,521 587
Other Operating income (13,494) (19,721) (3,178) (204)
——— ——— ——— ———
125,248 75,881 29,412 23,316
——— ——— ——— ———
Operating Profit / (Loss) 514,615 28,429 180,422 46,570
Finance Cost 74,939 56,784 42,751 30,525
——— ——— ——— ———
439,676 (28,355) 137,671 16,045
Share of profit in associates –net 12,799 4,523
——— ——— ——— ———
Profit (Loss) Before Taxation 452,475 (23,832) 137,671 16,045
Taxation 151,091 25,006 46,753 18,576
——— ——— ——— ———
Net Profit (loss) for the Period 301,381 (48,838) 90,918 (2,531)
——— ——— ——— ———
Earning per Ordianry shares Basic and Diluted (Rupees) 25.09 (4.07) 7.57 (0.21)

We will be sending you required number of Copies of printed account for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
(Mahmood Nawaz)
Director
Shahtaj Sugar Mills Limited
72/C-1, M.M.Alam Road, Gulberg, III,
Lahore-54660, (Pakistan).
Tel: 92-42-35710
Fax: 92-42-35711904
E-mail: shahtajsugar@gmail.com

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