AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, July 25, 2012 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held on Wednesday, 25 July, 2012 at 12:00 Noon 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:
|
For the Third Quarter Ended |
Quarter Ended |
|||
|
Oct 2011, |
Oct 2010, |
Apr 2012, |
Apr 2011, |
|
|
Jun 2012 |
Jun 2011 |
Jun 2012 |
Jun 2011 |
|
|
Rupees |
Rupees |
|||
| Sales -net |
1,209,228,040 |
2,320,565,243 |
529,364,956 |
121,452,357 |
| Cost of sales |
(1,029,927,678) |
(2,103,935,954) |
(502,645,755) |
(114,021,889) |
|
————- |
————- |
———– |
———– |
|
| Gross profit |
179,300,362 |
216,629,289 |
26,719,201 |
7,430,468 |
| Administrative expenses |
(33,531,792) |
(24,439,528) |
(12,874,591) |
(6,419,966) |
| Selling expenses |
(2,224,192) |
(1,757,685) |
(238,647) |
(81,294) |
|
————- |
————- |
———– |
———– |
|
|
(35,755,984) |
(26,197,213) |
(13,113,238) |
(6,501,260) |
|
|
————- |
————- |
———– |
———– |
|
| Operating profit |
143,544,378 |
190,432,076 |
13,605,963 |
929,208 |
| Other Income |
10,561,647 |
4,538,204 |
6,581,060 |
1,065,710 |
|
————- |
————- |
———– |
———– |
|
|
154,106,025 |
194,970,280 |
20,187,023 |
1,994,918 |
|
| Financial Charges |
(59,375,236) |
(79,446,115) |
(40,092,572) |
(50,462,048) |
| Workers profit participation fund |
(4,736,539) |
(5,776,208) |
2,004,629 |
2,423,357 |
| workers’ welfare fund |
(1,799,885) |
(2,151,921) |
358,018 |
1,147,676 |
|
————- |
————- |
———– |
———– |
|
|
(65,911,660) |
(87,374,244) |
(37,729,925) |
(46,891,015) |
|
|
————- |
————- |
———– |
———– |
|
| Profit/ (loss) before taxation |
88,194,365 |
107,596,036 |
(17,542,902) |
(44,896,097) |
| Taxation | ||||
| Current |
(27,970,982) |
(39,114,768) |
7,348,522 |
17,473,315 |
| Deferred |
(2,617,510) |
2,447,443 |
– |
– |
|
————- |
————- |
———– |
———– |
|
|
(30,648,492) |
(36,667,325) |
7,348,522 |
17,473,315 |
|
|
————- |
————- |
———– |
———– |
|
| Profit/ (loss) after taxation |
57,545,873 |
70,928,711 |
(10,194,380) |
(27,422,782) |
|
————- |
————- |
———– |
———– |
|
| Earning per-share – basic and diluted |
9.98 |
12.31 |
(1.77) |
(4.76) |
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