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Karachi, August 05, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on July 31, 2013 at 10:00 am, at 65-Infantry Road, Lahore recommended the following:
(i) Cash Dividend Nil
And/ Or
(ii) Bonus Shares Nil
And/ Or
(iii) Right Shares Nil
And/ Or
(iv) Any Other Entitlement/ Corporate Action Nil
And/ Or
(v) Any Other Price-Sensitive Information
Not Applicable
The financial results of Company are as follows:
9 months 3 months
Oct 2012 to Oct 2011 to Apr 2013 to Apr 2012 to
Jun 2013 Jun 2012 Jun 2013 Jun 2012
Rupees Rupees
Sales-Net 1,193,235,924 684,304,217 103,586,985 383,827,095
Cost of sales 1,095,422,410 559,365,288 82,252,623 348,678,208
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Gross profit 97,813,514 124,938,929 21,334,362 35,148,887
Operating Expenses
Administrative and general expenses 14,907,553 23,195,477 3,951,848 9,594,957
Distribution expenses 5,209,669 1,747,692 554,887 262,825
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20,117,222 24,943,169 4,506,735 9,857,782
------------- ----------- ----------- -----------
Operating profit 77,696,292 99,995,760 16,827,627 25,291,105
Finance cost 76,154,975 100,630,776 24,013,706 32,729,087
Workers' profit participation fund 77,252 459,059 (359,265) 118,801
Workers’ welfare fund 30,901 183,624 (134,976) 54,326
------------- ----------- ----------- -----------
76,263,127 101,273,459 23,519,464 32,902,214
------------- ----------- ----------- -----------
Profit/ (loss) for the period 1,433,165 (1,277,699) (6,691,837) (7,611,109)
Other income 3,713 9,816,205 766 2,814,016
------------- ----------- ----------- -----------
Profit/ (loss) before taxation 1,436,878 8,538,506 (6,691,071) 2,202,907
Provision for taxation
- Current (8,122,477) (6,843,042) (729,016) (3,838,271)
- Deferred 14,465,880 1,346,294 11,084,613 448,756
------------- ----------- ----------- -----------
6,343,403 (5,496,748) 10,355,597 (3,389,515)
------------- ----------- ----------- -----------
Profit/ (loss) after taxation 7,780,281 3,041,758 3,664,526 (1,186,608)
------------- ----------- ----------- -----------
Earnings/ (Loss) per share-Basic and diluted 0.10 0.04 0.05 (0.01)
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We will be sending you number of prescribe copies printed Accounts of the company for distribution amongst the members of the Exchange.
For more information, contact:
Company Secretary
Abdullah Shah Ghazi Sugar Mills Limited
(Formerly Al-Asif Sugar Mills Limited)
Head Office: 65- Infantry Road Lahore.
Ph #: 92-42-36834016-22
Fax: +92-42-36811253
Email: info@maccagroup.com