January 24, 2021

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

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, December 28, 2011 at 12.00 noon, at Habib Sugar Mills [...]

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, December 28, 2011 at 12.00 noon, at Habib Sugar Mills Limited (HABSM), Imperial Court, Dr. Ziauddin Ahmed Road Karachi, recommended the following:

(i) Cash Dividend

A final cash dividend for the year ended September 30, 2011 @ Rs.2.50 per share, i.e. 50%.

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 Information                  N/A

The financial results of the Company are as follows:

 

2011

2010

(Rupees in thousands)

Net sales and services 7,467,944 5,919,338
Cost of sales  6,201,551 4,960,283
 ——— ———
Gross Profit 1,266,393 959,055
Selling and distribution expenses (153,401)  (128,129)
Administrative expenses  (103,778)  (93,626)
Other operating expenses  (79,034)  (57,169)
Other operating income  74,646  41,467
 ——— ———
(261,567)  (237,457)
———  ———
Operating Profit  1,004,826 721,598
Finance income / (cost) – net 45,190  37,937
 ——— ———
Profit before taxation  1,050,016  759,535
Taxation  (295,000)  (225,000)
 ——— ———
Profit after taxation   755,016 534,535
 ———  ———

(Restated)

Earnings per share – Basic and diluted Rs. 5.03 Rs. 3.56

 

The 50th Annual General Meeting of the Company will be held on Thursday, January 26, 2012 at 11.30 am, at Jinnah Auditorium, Institute of Bankers Pakistan, Moulvi Tamizuddin Khan Road, Karachi.

The above entitlement will be paid to ho shareholders whose names will appear in the Register of Members on Friday, January 13, 2012.

The Share Transfer Books of the Company will remain closed from Saturday, January 14, 2012 to Thursday, .January 26, 2012 (both days inclusive).

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

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