Kohinoor 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 27th December, 2011 at 11:30 a.m. at 29-G, Gulberg-II, Lahore has approved the financial results of the Company as follows:

Profit and Loss Account

 

Year Ended September 30

2011

2010

(Rupees)

(Rupees)

Sales 1,640,934,618 1,387,004,223
Cost of Sales  1,449,230,308 1,360,587,791
  ————-  ————-
Gross Profit   141,704,310  26,416,432
Operating Expenses
Distribution cost 3, 922,612 2,353,054
Administrative expenses  73,533,005 68,121,605
Other Operating expenses  590,000 590,000
 ————- ————-
78,045,617 71,064,659
————- ————-
Operating Profit/(Loss) 63,658,693  (44,648,227)
Finance Cost  112,557,891  81,559,136
Other Income/(Expenses)  4,431,385  12,440,072
 ————- ————-
Profit/(Loss) Before Taxation  (44,567,813)  (113,767,291)
Provision for Taxation  (7,240,583)   39,841,438
 ————-  ————-
Profit/(Loss) After Taxation   (51,908,496) (73,925,853)
Other Comprehensive Income/(Loss) for the Year  –  –
————- ————-
Total Comprehensive Income/(Loss) for the Year   (51,908,496) (73,925,853)
————- ————-
Earnings/(Loss) Per Share – Basic and Diluted (Rs.)  (4.75)  (6.78)

 

The Annual General Meeting of the Company will be held on Thursday 31st January 2012, at 11:30 a.m. at 29-G, Gulberg-II, Lahore.

The Share Transfer Books of the Company will be closed from January 24, 2012 to January 31, 2012 (both days inclusive). Transfer received at the Corplink (Pvt) Limited, Wings Arcade, 1-K, Commercial, Model Town, Lahore at the close of business on January 23, 2012 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Farooq Ahmed
Company Secretary
Kohinoor Sugar Mills Limited
Tel: 5757250
Fax: 92-42-5710972
Email: ksml@ksugar.com
Web: www.ksugar.com

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