The Premier Sugar Mills and Distillery Company Limited’s financial results for the year ended 30 September, 2011

Karachi: We have to inform you that the Board of Directors in the Meeting held on Wednesday 04 January, 2012 at 11:30 a.m. have approved the following financial results for the year ended 30 September, 2011.

The Financial results of the Company are as follows:-

 

Year Ended

2011

2010

Rupees in thousand

Sales – Net 395,059  297,209
Cost of sales  732,500  383,608
 ——-  ——
Gross Loss  (337,441) (86,399)
Distribution cost  1,846  1,258
Administrative expenses 56,262 63,621
Other operating expenses  5 2,425
——-  ——
 58,113 67,304
 ——- ——
  (395,554) (153,703)
Other operating income 136,238 178,296
——-  ——
(Loss)/ Profit from operations (259,316) 24,593
Finance Cost 68,670 4,169
 ——-  ——
(Loss)/ Profit before taxation (327,986) 20,424
Taxation
Current 1,709 3,051
Prior years’  (2,675)  (1,998)
Deferred   (134,454)  (19,156)
 ——-  ——
 (135,420) (18,103)
——-  ——
(Loss) /Profit after taxation  (192,566) 38,527
  ——- ——

Rupees

(Loss) /Earnings per share (51.35) 10.27

 

The Annual General Meeting of the Company will be held on 31 January, 2012 at 11:30 am at the Registered Office of the Company at Mardan.

Transfer Books of the Company will remain closed from 21 January, 2012 to 30 January 2012 (both days inclusive). Transfers received at the Registered Office of the Company at the close of business on 20 January, 2012 will be treated in time.

We will be sending you 200 Copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Mujahid Bashir
Company Secretary
The Premier Sugar Mills and Distillery Company Limited
King’s Arcade, 20-A,
Markaz F-7, P.O. Box 1529,
Islamabad.
Tel: (051) 2650805-7
Fax: (051) 2651258-6

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