PPI Original Text (PPI-OT) – Al-Noor Sugar Mills Limited’s financial results for the half year ended 31st March 2012

[ 0 ] May 29, 2012 | Financial Results

Karachi, May 29, 2012 (PPI-OT): We have to inform you that Board of Directors of our Company in their meeting held at 11.30 a.m. on Tuesday, 29th May 2012 recommended the following:

i) Cash Dividend:

A Cash Dividend for the Half Year ended 31st March 2012 @ Rs. Nil per share. Interim Dividend has already been paid at Rs. Nil per share i.e. Nil %.

ii) Bonus Issue:

It has been recommended by the Board of Directors to issue Interim Bonus Shares in the proportion of Nil shares for every

Nil, shares held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.

(iii) Right Shares:

The Board has also recommended to issue Nil % Right Shares at par/at a premium of Rs. Nil per share in proportion of Nil shares for every Nil shares.

The Profit and Loss Accounts for the period ended 31st March 2012 is annexed herewith.

Condensed Interim Profit & Loss Account (Un-Audited) for the Half Year Ended 31ST March -2012

	For the Half year		For the Quarter
	October to March		January to March
	2012	2011	2012	2011
	(Rupees in thousand)
Sales	2,836,987	3,243,396	836,158	1,186,688
Cost of Sales	(2,299,255)	(2,755,888)	(306,285)	(1,071,406)
	———	———	——-	———
Gross profit	537,732	487,508	529,873	115,282
Profit from trading activities	1,587	950	252	337
Other operating income	2,831	8,220	1,796	6,735
	———	———	——-	———
	4,418	9,170	2,048	7,072
	———	———	——-	———
	542,150	496,678	531,921	122,354
Administration expenses	(172,760)	(137,800)	(95,288)	(72,863)
Selling and Distribution expenses	(20,190)	(11,305)	(14,426)	(6,610)
Other operating expenses	(10,289)	(13,945)	(10,289)	4,529
Finance cost	(178,354)	(146,798)	(88,808)	(108,777)
Share of Profit of Investment in associate	15,859	14,094	29,889	11,701
	———	———	——-	———
	(365,734)	(295,754)	(178,922)	(172,020)
	———	———	——-	———
Profit/ (Loss) before taxation	176,416	200,924	352,999	(49,666)
Taxation	(62,571)	(38,903)	(109,968)	26,079
	———	———	——-	———
Profit/ (Loss) after taxation	113,845	162,021	243,031	(23,587)
	———	———	——-	———
Earning per shares-Basic and
diluted-Rupees	6.13	8.72	13.09	(1.27)

For more information, Contact:
M. Yasin Mughal
Company Secretary
Al-Noor Sugar Mills Limited
96-A Sindhi Muslim Housing Society,
Karachi- 74400, Pakistan
Tel: 34550161-63, 34550030-31
Fax: (92-21) 34556675
E-mail: alnoor@dslplus.net.pk

Tags: Al-Noor Sugar Mills Limited