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Karachi, July 25, 2013 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held on Thursday, 25 July, 2013 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 2012, Oct 2011, Oct 2013, Oct 2012,
to to to to
June 2013 June 2012 June 2013 June 2012
Rupees Rupees
Sales-net 1,850,481,026 1,209,228,040 591,998,034 529,364,956
Cost of sales (1,590,662,466) (1,029,927,678) (548,975,906) (502,645,755)
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Gross profit 259,818,560 179,300,362 43,022,128 26,719,201
Administrative expenses (33,208,958) (33,531,792) (9,599,862) (12,874,591)
Selling expenses (7,133,263) (2,224,192) (3,759,607) (238,647)
------------- ------------- ----------- -----------
(40,342,221) (35,755,984) (13,359,469) (13,113,238)
------------- ------------- ----------- -----------
Operating profit 219,476,339 143,544,378 29,662,659 13,605,963
Other operating income 12,649,015 10,561,647 4,237,173 6,581,060
------------- ------------- ----------- -----------
232,125,354 154,106,025 33,899,832 20,187,023
Financial Charges (56,871,570) (59,375,236) (37,306,154) (40,092,572)
Other Operating Charges (12,092,511) (6,536,424) 234,193 2,362,647
------------- ------------- ----------- -----------
(68,964,081) (65,911,660) (37,071,961) (37,729,925)
------------- ------------- ----------- -----------
Profit/ (loss) before taxation 163,161,273 88,194,365 (3,172,129) (17,542,902)
Taxation
Current (18,504,810) (27,970,982) (12,212,395) 7,348,522
Deferred (63,547,847) (2,677,510) 3,564,224 -
------------- ------------- ----------- -----------
(82,052,657) (30,648,492) (8,648,171) 7,348,522
------------- ------------- ----------- -----------
Profit/ (loss) after taxation 81,108,616 57,545,873 (11,820,300) (10,194,380)
------------- ------------- ----------- -----------
Earnings per share-basic and diluted 14.07 9.98 (2.05) (1.77)
We will be sending you 300 copies of printed accounts for distribution amongst members of the Exchange in due course of time.
For more information, contact:
Chief Executive
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