Habib Sugar Mills Limited’s condensed Interim financial results for the quarter ended December 31, 2011 (unaudited)
1 min readKarachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, January 26, 2012 at 1.30 p.m., at Habib Sugar Mills Limited (HABSM), Imperial Court, Dr. Ziauddin Ahmed Road, Karachi, approved the following:
(i) Cash Dividend Nil
And/ Or
(ii) Bonus Issue Nil
And/ Or
(iii) Right Shares Nil
And/ Or
(iv) Any Other Entitlement Corporate Action N/A
And/ Or
(v) Any Other Price-Sensitive Informations N/A
The financial results of the Company are as follows:
|
Dec 31, |
Dec 31, |
|
|
2011 |
2010 |
|
|
(Rupees in thousands) |
||
| Net sales and services | 748,160 | 1,358,244 |
| Cost of sales | (620,900) | (1,215,392) |
| ——- | ——— | |
| Gross profit | 127,260 | 142,852 |
| Selling and distribution expenses | (24,228) | (24,085) |
| Administrative expenses | (30,843) | (27,890) |
| Other operating expenses | (7,602) | (9,156) |
| Other operating income | 5,566 | 6,812 |
| ——- | ——— | |
| (57,105) | (54,319) | |
| ——- | ——— | |
| Operating profit | 70,155 | 88,533 |
| Finance income/ (cost) – net | 30,840 | 26,850 |
| ——- | ——— | |
| Profit before taxation | 100,995 | 115,383 |
| Taxation | (28,000) | (40,000) |
| ——- | ——— | |
| Profit after taxation | 72,995 | 75,383 |
| ——- | ——— | |
| (Restated) | ||
| Earnings per share Basic and diluted (Rupees) | 0.49 | 0.50 |
For more information, contact:
Cawas R. Sethna
Company Secretary
Habib Sugar Mills Limited
3rd /4th floor, Imperial Court,
Dr. Ziauddin Ahmed Road, Karachi-
Ph: (021) 35680036 (8 Lines)
Fax: (021) 35684086
E-mail: sugar@habib.com