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

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 29 12-2011 at 02.30 P.M. at the registered office of the company at Khairpur House, G-22/II, Gizri Avenue, Defence Housing Authority, Phase IV, Karachi, recommended the following:

Nil Declaration

 

The financial results of the Company are as under:

2011

2010

Rupees

Rupees

Sales – net  1,534,345,604  1,264,671,862
Cost of sales 1,393,270,902  1,153,480,830
————-  ————-
Gross Profit 141,074,702 111,191,032
Administrative expenses 71,204,660 65,118,331
Distribution expenses 5,002,745 3,641,632
Other operating expenses 2,440,954 2,794,111
————-  ————-
78,648,359  71,554,074
  ————- ————-
Operating Profit 62,426,343 39,636,958
Other income 363,464  1,275,761
 ————-  ————-
 62,789,807  40,912,719
Financial charges 16,411,673  3,212,466
————-  ————-
Profit before taxation 46,378,134 37,700,253
Taxation 28,022,613  9,379,480
  ————- ————-
Profit after taxation 18,355,521  28,320,773
 ————-  ————-
Earnings per share basic and diluted   1.15 1.77

 

The Annual General Meeting of the company will be held on 30-01-2012 at 04:30 p.m. at C-32, Mezanine floor, 24th Commercial Street, Defence Housing Authority, Phase II Extension, Karachi.

The Share Transfer book of the company will be closed from 30-01-201 2 to 06-02-2012 (both days inclusive).

For more information, contact:
Muhammad Bux Jumani
Director
Khairpur Sugar Mills Limited
G-22 /II, Gizri Avenue,
Phase-IV D.H.A., Karachi.
Tel: 021- 35810771-5
Fax: 021- 35810776
Cell: 0300-2028800
E-mail: Jurmanigroup@yahoo.com

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