Colony Sugar Mills Limited’s declaration of financial results for the year ended September 30, 2011

Karachi: We have to inform you that Board of Directors of the company declared following financial results for the year ended September 30, 2011 in their meeting held on Saturday, January 07, 2012 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205 Ferozepur Road, Lahore:

 

September 30

2011

2010

Rupees In thousand

Sales – net 5,483,297 4,749,066
Cost of Sales 4,822,065 4,095,161
——— ———
Gross Profit 661,232 653,905
Administrative expenses 102,724 81,414
Distribution and marketing expenses 30,240 25,480
——— ———
132,964 106,894
——— ———
Operating profit 528,268 547,011
Other operating income 5,336 3,526
——— ———
533,604 550,537
Finance cost 406,960 411,409
Other operating expenses 6,332 6,956
——— ———
413,292 418,365
——— ———
Profit before taxation 120,312 132,172
Provision for taxation 54,601 14,121
——— ———
Profit after taxation 65,711 118,051
OTHER COMPREHENSIVE INCOME
Other comprehensive income-net of tax
——— ———
Total comprehensive income 65,711 118,051
——— ———
Earnings per share – basic and diluted 0.66 1.19

 

Keeping in view current depressed economic and financial scenario, directors didn’t recommend dividend/Bonus/Right for the year ended September 30, 2011.

Annual General Meeting of the Company will be held on Tuesday, January 31, 2012 at 10.00 a.m. at Registered Office, Ismail Aiwan-e-Science Building, 205 Ferozepur Road, Lahore.

The Shares transfer books of the company will remain closed from January 25, 2012 to January 31, 2012 (Both days inclusive).

For more information, contact:
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Buildig,
205 Ferozepur Road,
Lahore – 54600,
Pakistan.
Tel: +92 42 111-COLONY
Fax: +92 42 576-3246
Email: info@colonysugar.com

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