Faran Sugar Mills Limited’s financial results for the 1st quarter ended 31st December 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 31st January 2012 at 3:30 P.M. at our registered office of the Company, 2nd Floor Bank House No.1, Habib Square M.A. Jinnah Road, Karachi recommended the following:

1. Cash Dividend    Nil

2. Bonus Shares     Nil

3. Right Issue      Nil

The financial results of the Company are as follows.

 

Dec 31-2011 Dec 31-2010

Rupees

Sales – net 1,615,527,630 908,250,555
Cost of Sales (1,547,273,026) (803,167,652)
————- ———–
Gross Profit 68,254,604 105,082,903
Operating expenses
Administrative expenses (15,860,146) (13,251,590)
Selling and Distribution cost (717,195) (833,854)
————- ———–
Operating profit 51,677,263 90,997,459
other changes (3,856,996) (7,390,732)
Other income 10,785,203 3,295,463
————- ———–
58,605,470 86,902,190
Share in profit of associate-net 11,769,667 5,813,402
————- ———–
70,375,137 92,715,592
Finance Cost (7,830,756) (1,154,179)
————- ———–
Profit before tax 62,544,381 91,561,413
Taxation (16,265,844) (24,679,646)
————- ———–
Profit after tax 46,278,537 66,881,767
————- ———–
Earnings per share – basic and diluted 2.14 3.09

 

For more information, Contact
Faran Sugar Mills Limited,
3rd Floor, Bank House No.1,
Habib square,
M.A. jinnah Road Karachi karachi-74000,
Pakistan.
UAN: 11-786-878
FAX:  (92-21) 3242-1010
URL:www.faran.com.pk
Web: www.bawany.com.pk
Email: info@faran.com.pk

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