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Ansari Sugar Mills Limited’s Financial Results for the Six-Month Period Ended March 31, 2011

Karachi: We have to inform you that the director of the Company approved the accounts for the Six-Month the period ended March 31, 2011 on May 28, 2011 at Registered office of the company, delaring no dividend for the shareholders. The financial results of the company are as follows.

  Six-Month Period Ended Three-months Period Ended
31 March 31 March 31 Marh 31 March
2011 2010 2011 2010
(Rupees) (Rupees)
Sales-Net 1,205,455,895 1,341,476,011 1,145,449,224 1,071,775,178
Cost of Sales 1,069,843,081 1,333,370,854 1,028,766,662 1,084,203,290
  ————- ————- ————- ————-
Gross (loss)/Profit 135,612,814 8,105,157 116,682,562 (12,428,112)
Operating Expenses        
Distribution cost 3,338,545 2,069,230 2,929,999 1,937,275
Administrative expenses 28,294,599 23,464,347 15,402,885 13,786,086
  ————- ————- ————- ————-
31,633,144 25,533,577 18,332,884 15,723,361
————- ————- ————- ————-
Operting (loss)/Profit 103,979,670 (17,428,420) 98,349,678 (28,151,473)
Other operating income 4,246,765 2,923,397 1,933,219 1,471,561
  ————- ————- ————- ————-
108,226,435 (14,505,023) 100,282,897 (26,679,912)
Finance cost 119,944,955 59,338,466 81,591,127 36,928,294
  ————- ————- ————- ————-
(Loss)/Profit before taxation (11,718,520) (73,843,489) 18,691,770 (63,608,206)
Provision for taxation (12,054,559) (6,707,380) (11,454,492) (5,358,876)
  ————- ————- ————- ————-
(Loss)/Profit after taxatio (23,773,079) (80,550,869) 7,237,278 (68,967,082)
(Loss)/Earning per share (0.97) (3.30) 0.30 2.83

For more information, contact:

Company Secretary

Ansari Sugar Mills Limited

H.O. 1st Floor, Block-2,

Hockey Club of Pakistan Stadium,

Karachi-75350,

Pakistan.

UAN: +9221 111-666447

Tel: +9221 35655131-4,

Fax: +9221 35680533

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