Tandlianwala Sugar Mills Limited’s Financial Results for the Year Ended 30-09-2011
Karachi: We have to inform you that the Board of Directors in their meeting held on 05:00 p.m. on February 07, 2012 recommended the following:-
i) Cash Dividend
Nil Cash Dividend for the year ended September 30, 2011 has been recommended.
ii) Bonus Issue
No Bonus Shares have been recommended.
iii) The financial results of the Company are as follows:
| Year Ended | ||
|
September 30 |
||
| 2011 | 2010 | |
| (Rupees) | (Rupees) | |
| Sales – net | 1,759,464,907 | 10,169,643,067 |
| Cost of Sales | (6,321,536,026) | (8,198,139,512) |
| Gross Profit | 1,437,928,881 | 1,371,503,555 |
| Administrative expenses | (230,802,608) | (217,941,368) |
| Distribution expenses | (101,795,692) | (49,087,460) |
| Other operating expenses | (14,782,628) | (42,948,004) |
| Other income | 6,415,460 | 12,966,457 |
| Profit from operations | 1,096,963,593 | 1,074,493,180 |
| Finance cost | (579,568,423) | (495,006,341) |
| Profit before taxation | 517,395,170 | 579,486,839 |
| Taxation | (22,839,391) | (249,966,073) |
| Profit after taxation | 494,555,779 | 329,520,766 |
| Earnings per share | 4.20 | 2.80 |
The Annual General Meeting of the Company will be held on Thursday, March 01, 2012 at 9.00 AM at the Noor Shadi Hall, 49-N, Industrial area Gulberg II, Lahore.
The share transfer books of the Company will remain close from February 24, 2012 to March 01, 2012 (Both Days Inclusive).
We will be sending you 300 copies of printed accounts for distribution among the members of the Exchange in due course of time.
For more information, Contact:
Tandlianwala Sugar Mills Limited
32-N, Gulberg-II, Industrial Area,
Lahore, 54660, Pakistan,
Ph: +92-42-35712901, 35763115, 35761124
Fax: +92-42-35710929, 35710605
E-mail: tsmlho@yahoo.com
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