Abdullah Shah Ghazi Sugar Mills Limited’s financial result for the period ended September 30, 2011

Karachi: We have to inform you that the Board of  Directors of our company in their meeting held on January 09, 2012 at 10:00 am, at its registered office of company recommended the following:

(i) Cash Dividend                              NIL

And/ Or

(ii) Bonus Share                               NIL

And/ Or

(iii) Right Shares                             NIL

And/ Or

(iv) Any Other Entitlement/ Corporate Action   NIL

And/ Or

(v) Any Other Price-Sensitive Information      Not Applicable

The financial results of Company are as follows:

 

2011 2010
Rupees
Sales – Net 1,263,143,954 1,249,555,284
Cost of sales 1,078,193,692 1,112,091,919
————- ————-
Gross profit 184,950,262 137,463,365
OPERATING EXPENSES
Administrative and general expenses 24,853,659 26,552,759
Distribution expenses 1,060,114 953,756
————- ————-
25,913,773 27,506,515
————- ————-
Operating profit 159,036,489 109,956,850
Finance cost 142,014,898 78,401,304
Workers’ profit participation fund 1,044,580 2,045,387
Workers’ welfare fund 396,940 777,247
————- ————-
143,456,418 81,223,938
————- ————-
Profit for the year 15,580,071 28,732,912
Other income 3,870,003 9,352,197
————- ————-
Profit before taxation 19,450,074 38,085,109
Provision for taxation
– Current (12,631,440) (12,495,553)
– Deferred 2,312,107 16,156,535
– Flood surcharge (153,082)
————- ————-
(10,472,415) 3,660,982
————- ————-
Profit after taxation 8,977,659 41,746,091
————- ————-
Earnings per share – Basic and diluted 0.11 0.53

 

For more information, contact:
Abdullah Shah Ghazi Sugar Mills Limited
Works: Abdullah Shah Ghazi Road,
P.O. Gharo, District Thatta
Tel: 0298-610009 0298
Fax 0298-620696
65-Infantry Road, Lahore.
Ph #: 92-42-36834016-22
Fax: +92-42-36811253
Email: info@maccagroup.com

Leave a Reply