Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on January 31, 2012 at 04:00 pm, at its registered office of company recommended the following:

(i) Cash Dividend                                  Nil

And / Or

(ii) Bonus Shares                                  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:

 

31-Dec-11 31-Dec-10
Rupees Rupees
Sales 112,062,631 364,910,171
Cost of Sales 64,728,041 209,454,825
———– ———–
Gross Profit 47,334,590 155,455,346
Operating Expenses
Administrative and general expenses 5,389,894 5,404,319
Distribution expense 34,513 108,705
———– ———–
5,424,407 5,513,024
———– ———–
Operating Profit 41,910,183 149,942,322
Finance cost 33,814,020 18,077,638
Workers’ Profit Participation Fund 404,882 6,593,234
Workers Welfare Fund 161,953 2,637,294
———– ———–
34,380,854 27,308,166
———– ———–
Profit for the year 7,529,328 122,634,156
Other Income 1,469
Profit before taxation 7,530,797 122,634,156
Provision for taxation
-Current (1,120,626) (3,649,102)
-Deferred 448,782 513,933
———– ———–
(671,844) (3,135,169)
———– ———–
Profit after taxation 6,858,953 119,498,987
———– ———–
Earnings Per Share-Basic and diluted 0.09 1.51

 

 

For more information, Contact
Abdullah Shah Ghazi Sugar Mills Limited
(Formerly Al-Asif Sugar Mills Limited)
Head Office: 65- Infantry Road Lahore.
Ph #: 92-42-36834016-22
Fax: +92-42-36811253
Email: info@maccagroup.com

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