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