Dewan Sugar Mills Limited’s financial results for the year ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on December30, 2011 at 05:00 p.m. at 7th Floor, Block –A, Finance and Trade Center Shahrah-e-Faisal, Karachi, Pakistan, 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               Nil

The financial results of the Company are as follows:

 

2011

2010

(Rupees)

Sales – net 3,417,072,437 4,333,664,944
Cost of Sales (3,586,243,250) (4,213,773,934)
————- ————-
Gross (Loss)/ Profit (169,470,813) 119,891,010
Administrative and General Expenses (64,550,650) (62,312,334)
Distribution and Selling Costs (49,905,697) (11,103,123)
Other Operating Income 2,081,027 1,187,286
Other Operating Charges (146,535,000) (2,519,421)
————- ————-
(Loss)/Profit from operations (428,082,133) 55,143,418
Finance Cost (54,552,642) (6,087,129)
————- ————-
(Loss)/Profit before Income Tax (482,634,775) 49,056,289
Taxation 50,260,688 (97,793,444)
————- ————-
Loss for the Year (after Income Tax) (432,374,087) (48,737,155)
————- ————-
Loss per Share – Basic (11.84) (1.33)

 

The Annual General Meeting of the Company will be held on Monday, January 30, 2012 at Karachi, Pakistan.

The Share Transfer Books of the Company will be closed from January 24, 2012 to January 30, 2012 (both days Inclusive).

For more information, contact:
Haroon Iqbal
Director
Dewan Sugar Mills Limited
Finance and Trade Centre (FTC),
7th Floor, Block- A,
Shahrah-e-Faisal, Karachi- Pakistan.
UAN: (92-21) 111-364-111
Fax: (92-21) 5630860
Web: www.dewangroup.com.pk

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