Sanghar Sugar Mills Limited’s financial results for the first quarter ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, January 28, 2011 at 11:30 a.m. at the registered office: 101-1st Floor, Ocean Centre, Talpur Road, Karachi, have approved the Un-audited Condensed Interim Financial Information of the Company for the first quarter ended December 31, 2011 and decided not to declare any interim dividend. The financial results of the Company are as follows:

 

Un-Audited

Un-Audited

Dec 31

Dec 31

2011

2010

(Rupees in ‘000)

Sales 731,479 219,535
Cost of sales 703,350 174,170
——- ——-
Gross profit 28,129 45,365
Distribution cost 914 440
Administrative expenses 18,938 17,129
——- ——-
19,852 17,569
Other operating expenses 492 2,268
Finance cost 10,198 3,822
——- ——-
10,690 6,090
——- ——-
(2,413) 21,706
Other operating income 48 4,674
——- ——-
Net (loss)/ profit before taxation (2,365) 26,380
Taxation (1,092) 10,136
——- ——-
Net (loss) / profit after taxation (1,273) 16,244
——- ——-
(Loss) / Earning per share – Basic and diluted (Rupees) (0.11) 1.36

 

We will send you the required copies of printed Condensed Interim Financial Information of the Company as per Listing Regulations for distribution amongst the members of the Exchange in due course.

 

For more information, Contact
Sanghar Sugar Mills Limited
101 – 1st Floor, Ocean Centre,
Talpur Road, Karachi – Pakistan.
Tel: 32427171-72, 32416554
Fax: (021) 32410700,
E-mail: ssml@cyber.net.pk

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