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

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on January 5, 2012 at 11.00 a.m. at 17-Abid Majeed Road, Lahore Cantt. Has approved the following:

(i) Cash Dividend

The Board has recommended a final Cash Dividend for the financial year ended September 30, 2011 @ Rs. 9 per share i.e. 90%.

(ii) Bonus Shares     NIL

(iii) Right Shares     NIL

The financial results of the Company for the year ended September 30, 2011 are as follows:

 

30-Sep-11

30-Sep-10

Rupees

Rupees

Restated

Gross sales 26,467,625,682 21,386,483,962
Sales tax, SED, FED and others (1,738,134,475) (1,005,800,083)
————– ————–
Net sales 24,729,491,207 20,380,683,879
Cost of sales (20,513,820,267) (16,744,651,160)
————– ————–
Gross profit 4,215,470,940 3,636,032,719
Administrative expenses (430,482,211) (344,195 411)
Distribution and marketing expenses (15,135,294) (11,956,057)
Other operating expenses (323,690,681) (212,051,150)
Other operating income 66,438,897 58,066,357
(702,869,289) (510,136 261)
————– ————–
Operating profit 3,512,801,651 3,125,396,458
Finance cost (1,333,093,303) (1,168,439,503)
————– ————–
Profit before taxation 2,179,708,348 1,957,456,955
Taxation (836,522,582) (711,473,399)
————– ————–
Profit after taxation 1,343,185,766 1,245,983,556
————– ————–
Basic earnings per share 24.42 22.89

 

The Annual General Meeting of the Company will be held on Tuesday, January 31, 2012 at 1:00 p.m. at Fairways Hall, Royal Palm, Golf and Country Club, 52-Canal Bank Road, Lahore.

The share transfer books of the company will remain closed and no transfer of shares will be accepted for registration from 24 January, 2012 to 31 January, 2012 (both days inclusive). Shares transfers received up to close of business on 23 January, 2012 shall entitle the transferees to the aforesaid cash dividend.

For more information, contact:
Muhammad Rafique
Company Secretary
JDW Sugar Mills Limited
17-Abid Majeed Road,
Lahore Cant, Lahore.
PABX # 042-36664891-92,
Fax: 042-36854490

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