Adam Sugar Mills Limited’s financial results for the quarter ended December 31, 2012 (un-audited)

January 23, 2013 Financial Results

Karachi, January 23, 2013 (PPI-OT): We have to inform you that Board of Directors of our Company in their meeting held on Wednesday, January 23, 2013 at 1:30 a.m. at the registered office of the company recommended the following:

1) Cash Dividend          Nil

2) Bonus Shares           Nil

3) Right Shares           Nil

The financial results of the Company are as follows:

Quarter Ended

December 31

December 31

2012

2011

Rupees
Sales

505,049,531

464,082,217
Cost of sales

(480,883,214)

(458,955,372)

———–

———–
Gross profit

24,166,317

5,126,845
Administrative expenses

(9,311,710)

(8,931,128)
Selling and distribution expenses

(688,581)

(523,546)

———–

———–

(10,000,291)

(9,454,674)

———–

———–
Operating profit/ (loss)

14,166,026

(4,327,829)
Other operating income

4,951,604

3,240,646

———–

———–

19,117,630

(1,087,183)
Finance cost

(366,452)

(2,495,756)
Other operating charges

(1,331,334)

–

———–

———–

(1,697,786)

(2,495,756)

———–

———–
Profit/ (Loss) before taxation

17,419,844

(3,582,939)
Taxation

(8,278,992)

(4,640,822)

———–

———–
Profit/ (Loss) after taxation

9,140,852

(8,223,761)

———–

———–
Earning/ (Loss) per share-basic and diluted

1.59

(1.43)

For more information, contact:
Adam Sugar Mills Limited
Haji Adam Chambers, P. O. Box 4274,
Altaf Hussain Road, New Challi,
Karachi-Pakistan
Phone: 32417812-16, 32401139-43
Fax: 32427560 / 32417907

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