Shakarganj Mills Limited’s financial results for the year ended September 30, 2011
2 min readKarachi: We are pleased to inform you that the Board of Directors of Shakarganj Mills Limited (SGML) in their meeting held on January 09, 2012 at Faisalabad have considered and approved the Annual Audited Accounts of Shakarganj Mills Limited for the year ended September 30, 2011 and the Board of Directors recommended the following:
(i) CASH DIVIDEND Nil
(ii) BONUS SHARES Nil
(iii) RIGHT SHARES Nil
(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION Nil
(v) ANY OTHER PRICE-SENSJTIVE INFORMATION
The financial results of the Company are attached herewith.
The Annual General Meeting of the Company will be held on January 31, 2012 at 9:30 a.m. at Qasr-e-Noor, 9-E-2, Main Boulevard, Gulberg-III, Lahore.
The Share Transfer Books of the Company will be closed from January 24, 2011 to January 31, 2012 (both days inclusive). Transfers received at the Share Registrar of the Company i.e. CorpTec Associates (Pvt) Limited 7/3-G, Mushtaq Ahmad Gurmani Road, Gulberg-II, Lahore at the close of business on January 23, 2012 will be treated in time for the purpose to attend the Annual General Meeting.
Profit And Loss Account for the Year Ended September 30, 2011
| Note |
2011 |
2010 |
|
|
(Rupees in thousands) |
|||
|
Represented |
|||
| Continuing operations: | |||
| Sales | 29 | 13,363,264 | 7,794,204 |
| Cost of sales | 30 | (12,069,279) | (7,081,788) |
| ———- | ———- | ||
| Gross Profit | 1,293,985 | 712,416 | |
| Administrative expenses | 31 | (297,903) | (212,348) |
| Distribution and selling costs | 32 | (245,291) | (93,100) |
| Other operating expenses | 33 | (164,228) | (169,367) |
| Other operating income | 34 | 254,604 | 100,001 |
| ———- | ———- | ||
| Profit front operations | 841,167 | 337,602 | |
| Finance cost | 35 | (945,255) | (991,063) |
| Share of profit/(loss) from associates | 19.1 | 55,893 | (22,229) |
| ———- | ———- | ||
| Loss before taxation | (48,195) | (675,690) | |
| Taxation | |||
| – Company | (132,572) | (55,860) | |
| – Associates | (25,737) | (20,587) | |
| ———- | ———- | ||
| 36 | (158,309) | (76,447) | |
| ———- | ———- | ||
| Loss for the year from continuing operations | (206,504) | (752,137) | |
| ———- | ———- | ||
| Discontinued operations: | |||
| Profit/(loss) for the year from discontinued operations | 124,981 | (127,590) | |
| ———- | ———- | ||
| Loss for the year | (81,523) | (879,727) | |
| ———- | ———- | ||
| Basic earnings/(loss) per share | |||
| From continuing operations Rupees | 37 | (2.97) | (10.82) |
| From discontinued operations Rupees | 37 | 1.80 | (1.84) |
| ———- | ———- | ||
| From loss for the year Rupees | (1.17) | (12.66) | |
| ———- | ———- | ||
| Diluted earnings/(loss) per share | |||
| From continuing operations Rupees | 37 | (2.97) | (10.82) |
| From discontinued operations Rupees | 37 | 1.80 | (1.84) |
| ———- | ———- | ||
| From loss for the year Rupees | (1.17) | (12.66) | |
For more information, Contact
Shakarganj Mills Limited
10th Floor, BOP Tower
Main Boulevard, Gulberg-III
Lahore, Pakistan.
Tel: 042 3578 3801-04
Fax: 042 3578 3811