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

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

Karachi: We have to inform you that the Board of Directors in their meeting held on 05:00 p.m. on July 30, 2011 recommended the following:-

i) Cash Dividend

No Cash Dividend has been recommended.

ii) Bonus issue

No Bonus Shares have been recommended.

iii) Right Shares

No Right Shares at par or at premium have been recommended

The financial results of the Company are as follows:

 

NINE MONTHS PERIOD ENDED

QUARTER ENDED

JUNE30

JUNE30

2011

2010

2011

2010

(Rupees)

(Rupees)

(Rupees)

(Rupees)

Sales – Net 4,666,467,732 6,754,936,311 1,206,048,611 2,240,776,914
Cost of Sale (3,699,623,631) (6,143,997,925) (912,150,185) (1,845,348,897)
————- ————- ————- ————-
Gross Profit 966,844,101 610,938,386 293,898,426 395,428,017
Administrative expenses (157,876,147) (153,535,524) (47,029,020) (40,315,740)
Distribution expenses (64,580,885) (21,623,779) (21,472,910) (5,297,180)
Other operating expenses (19,887,383) (3,380,542) (1,917,031) (3,380,542)
Other income 4,874,493 8,401,644 631,818 1,908,760
————- ————- ————-  ————-
(237,469,922) (170,138,201) (60,787,143) (47,084702)
 ————- ———— ————- ————-
Profit from operations 729,374,179 440,800,180 224,111,283 348,343,315
Finance cost (434,101,130) (395,187,355) (171,307,763) (165,961,203)
————- ————- ————- ————-
Profit before taxation 295,273,049 45,612,830 52,803,520 182,382,112
Taxation (43,664,677) (35,742,100) (12,060,486) (9,152,821)
————- ————- ————- ————-
Profit after taxation 248,608,372 9,870,730 40,743,034 173,228,291
————- ————- ————- ————-
Earnings per share 2.112 0.084 0.346 1.472

For more information, contact:
Ahmed Jehanzeb khan
Company Secretary
Tandlianwala Sugar Mills Limited
32-N, Ghulberg-II, Industrial Area,
Lahore-54660, Pakistan
Tel: +9242 35712901
Fax: +9242 35710929
Email: tsmlho@yahoo.com

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