Shahtaj 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 today the 29th December, 2011 has recommended the following:

Cash Dividend

A Final Cash Dividend for the Financial Year ended 30.09.2011 @ Rs 12.50 per share i.e. 125%

 

The financial results of the Company are as follows:  2011 2010
 (Rupees in thousands)
Sales – net 4,459,414 3,654,162
Cost of sales 3,828,790  3,561,729
——— ———
Gross Profit 630,624  92,433
Distribution cost 7,393 6,373
Administrative expenses 124,012  106,889
Other operating expenses 48,888  9,916
Other operating income  (52,321)  (28,401)
 ———  ———
127,972 94,717
 ———  ———
Operating profit / (loss) 502,652 (2,344)
Finance Cost 82,932  61,056
——— ———
419,720 (63,400)
Share of profit in associates – net 36,791 18,621
 ———  ———
Profit / (loss) before taxation  456,511  (44,779)
Taxation  97,764  24,480
——— ———
Profit/ (loss) for the year 358,747  (69,259)
——— ———
Earnings per share – basic (Rupees per share)  29.87 (5.77)

 

A sum of Rs. 150 million is transferred to General Reserve.

The Annual General Meeting of the Company will be held at 11:30 A.M. on Monday the 30th January 2012 at Jasmine Hall, Beach Luxury Hotel, M .T. Khan Road, Karachi.

The Share Transfer Books of the Company will remain closed from Monday the 23rd January, 2012 to Saturday the 4th February, 2011 (both days inclusive). Transfer received at Company Share Registrar M/s. Corporate Support Services (Pvt) Ltd, 407-408. Al-Ameera Centre, Shahrah-e-Iraq, Saddar, Karachi at the close of business on 21st January, 2012 will be treated in time.

For more information, contact:
Jamil Ahmed Butt
Company Secretary
Shahtaj Sugar Mills Limited
19, Dockyard Road, West Wharf,
P.O. Box No. 4766, Karachi – 74000 (Pakistan)
Phones: (92-21) 32313934-368, 32312834, 32310973
Fax: (92-21) 32310623, 32205723
E-mail: jamilbutt@shahtaj.com

Leave a Reply