Husein Sugar Mills Limited’s financial results for the quarter ended 31-12-2011

Karachi: We have to inform you that Board of Directors of Husein Sugar Mills Limited (HUSS) in their meeting held at 11-00 A.M. on Friday the 27th of January 2012, has not recommended any interim dividend.

The financial results of the Company is complete Profit and Loss Account with comparative figures of corresponding period, as approved by the Directors, are placed below:

 

Quarter Ended 31 Dec, 2011

Rupees

December 31

December 31

2011

2010

Rupees Rupees
Sales 546,122,026 628,075,022
Cost of Sales (503,945,546) (589,278,871)
———– ———–
Gross Profit 42,176,480 38,796,151
Distribution Cost (2,071,792) (1,580,273)
Administrative Expenses (24,206,634) (19,722,195)
Other Operating Expenses (20,000) (57,035)
———– ———–
(26,298,426) (21,359,503)
———– ———–
15,878,054 17,436,648
Other Operating Income 3,895,304 3,552,055
———– ———–
Profit from Operations 19,773,358 20,988,703
Finance Cost (9,996,897) (4,478,926)
———– ———–
Profit before Taxation 9,776,461 16,509,777
Provision for Taxation 7,590,105 6,026,221
———– ———–
Profit after Taxation 2,186,356 10,483,556
———– ———–
Profit / Loss per Share – Basic and Diluted 0.13 (0.87)

 

The accounts are under print and will be sent to you 300 copies of the same for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Mst. Nusrat Shamim
Chief Executive
Husein Sugar Mills Limited
30 A/E-1, Old FCC, Gulberg III, Lahore.
Ph: 042-35762089-90, 5878153
Fax: 042-5712680
Website: www.huseinsugarmills.com
E-mail: info@huseinsugarmills.com

Leave a Reply