Baba Farid Sugar Mills Limited’s financial results for the first quarter ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 31st January, 2012 at 11:00 a.m. at T-09, 3rd Floor, Hafeez Center, Main Boulevard, Gulberg-III, Lahore has approved the following financial results for the first quarter December 31, 2011 for onward dissemination to the members of the Exchange. The Dividend for the quarter under review by regretfully passed over.

 

Rupees ’000′

1st Quarter

2011 2010
Sales
Cost of sales 492,783 58,051
Gross Profit / (Loss) (462,933) (56,742)
——- ——
29,790 1,308
Operating Expenses
Distribution Costs (260) (257)
Administrative (9,894) (7,572)
——- ——
(10,153) (7,829)
——- ——
Operating Profit / (Loss) 19,637 (6,520)
Finance Cost (57,862) (37,511)
——- ——
(38,225) (44,032)
Other Operating Income 0,05
——- ——
(Loss)/ Profit before Taxation (38,225) (44,032)
Taxation (4,928) (581)
——- ——
Loss after Taxation (43,153) (44,612)
——- ——
Loss per Share – Basic and Diluted      Rs. (4.57) (4.72)

 

For more information, Contact
Baba Farid Sugar Mills Limited
1st Floor, Panorama Centre #2,
Raja Ghazanfar Ali Khan Road, Saddar, Karachi,
UAN: 111-133-280
Phones: 35682178-35662991
Fax: 35683800- 35684709
Website: www.fecto.com
Email: fecto@tecto.com

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