Haseeb Waqas Sugar Mills Limited’s financial results for the 1st quarter ended 31-12-2011

Karachi: This is to inform you that the Board of Directors’ Meeting of the Company held at 04:00 P.M. on Tuesday, January 31, 2012, has considered and approved the financial results of the Company for the first quarter ended on December 31, 2011.

Approved Financial result of the company for the period under review are being provided through “Annexure A” enclosed herewith.

Moreover, during the period under review, the Board has not recommended any entitlement.

Condensed Interim Profit and Loss Account for the Quarter Ended December 31, 2011

 

Un-audited

Dec 3l, 2011

Dec 31, 2010

Note

Rupees

Sales – Net 6 400,936,547 551,163,473
Cost of goods sold 7 (365,029,006) (540,972,907)
———– ———–
Gross profit 35,907,541 10,190,566
Operating expenses:
– Administrative and general expenses 7,412,179 6,770,512
———– ———–
28,495,362 3,420,054
Other operating income 2,147,916 1,186,691
———– ———–
Profit from operation 30,643,278 4,606,745
Finance cost 27,745,956 29,183,453
———– ———–
Profit/ (loss) before taxation 2,897,321 (24,576,708)
Taxation
Current (4,009,365) (5,511,635)
Deferred 3,330,231 2,993,415
———– ———–
(679,134) (2,518,220)
———– ———–
Profit/ (loss) after taxation 2,218,187 (27,094,928)
———– ———–
Earnings per share – basic 0.07 (0.84)

 

For more information, contact:
Haseeb Waqas Sugar Mills Limited
6-F, Model Town, Lahore Pakistan.
Phones: 042- 35917321 -23
Fax: 92-42- 35917317
E-mail: hwgc@hwgc.com.pk

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