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

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 06 January, 2012 recommended the following:

(i) Cash Dividend                                           Cash dividend @ Rs. 1.50

Per share (15%)

(ii) Bonus Issue                                            Nil

(iii) Right Shares                                          Nil

(iv) Any Other Entitlement/ Corporate Action                Nil

(v) Any Other Price Sensitive Information:                  Nil

Financial results of the Company are attached.

The Annual General Meeting (AGM) of the Company will be held on Tuesday, 31 January, 2012 at 11:30 a.m. at Lahore.

The Share Transfer Books of the Company will be closed from 25 January, 2012 to 31 January, 2012 (both days inclusive). Share transfers received in order at the Registered Office of the Company up to the close of business on 24 January, 2012 will be treated in time for the purpose of payment of dividend.

Profit and Loss Account for the Year Ended 30 September, 2011

 

2011

2010

Note

(Rupees in thousands)

Sales – Net 29 3,101,489 1,723,592
Cost of Sales 30 2,695,524 1,719,524
——— ———
Gross Profit 405,965 4,068
Distribution and Marketing Expenses 31 77,595 23,433
Administrative Expenses 32 78,938 69,787
Other Operating Expenses 33 4,653 3,860
——— ———
161,186 97,080
——— ———
244,779 (93,012)
Other Operating Income 34 9,280 14,157
——— ———
Profit / (Loss) from Operations 254,059 (78,855)
Finance Cost 35 197,925 111,415
——— ———
Profit / (Loss) for the Year before
Share of Profit of an Associated
Company and Taxation 56,134 (190,270)
Share of Profit of an Associated
Company – Net of Taxation 19 6,508 7,033
——— ———
Profit / (Loss) before Taxation 62,642 (183,237)
Taxation
Current 15 31,374 173,346
Prior year 15 (3,590) (1)
——— ———
27,784 17,345
——— ———
Profit / (Loss) after Taxation 34,858 (200,582)
Impairment Loss on Investments
Classified as Held for Sale 28 0 45,503
——— ———
Profit / (Loss) for the Year 34,858 (246,085)
Other Comprehensive income 0 0
——— ———
Total Comprehensive Income / (Loss) for the Year 34,858 (246,085)
——— ———
Rupees
Earnings / (Loss) per Share 36 2.11 (14.90)

 

The annexed notes form an integral part of these financial statements.

For more information, contact:
Noon Sugar Mills Limited
66-Garden Block,
New Garden Town, Lahore
Tel: 042-35831462-63
Fax: 042-35831462
Website: www.noonsugar.com
Email: shares@noonsugar.com

Leave a Reply