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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on May 27, 2011 at 11:00 a.m. at T-09, 3rd Floor, Hafeez Center, Main
Boulevard, Gulberg-III, and Lahore has approved the following financial results for the Half Year ended March 31, 2011 for onward dissemination to the members of the Exchange. The Dividend for the Quarter under review is regretfully passed over.
| Rupees | Rupees | |||
| For the Half Year | For the Quarter | |||
| March 31 | March 31 | March 31 | March 31 | |
| 2011 | 2010 | 2011 | 2010 | |
| Sales | 118,004,098 | 657,593,181 | 59,953,378 | 513,587,325 |
| Cost of Sales | 110,853,895 | 779,186,411 | 54,111,674 | 619,566,513 |
| ———— | ————- | ———— | ————- | |
| 7,150,203 | (121,593,230) | 5,841,704 | (105,979,188) | |
| Operating Expenses | ||||
| Distribution Costs | 2,203,634 | 1,422,525 | 1,946,706 | 1,178,003 |
| Administrative | 16,611,913 | 28,414,712 | 9,039,951 | 16,717,991 |
| Other Operating Expenses | – | 302,990 | – | 224,490 |
| ———— | ————- | ———— | ————- | |
| 18,815,547 | 30,140,227 | 10,986,657 | 18,120,484 | |
| Operating Loss | (11,665,344) | (151,733,457) | (5,144,953) | (124,099,672) |
| Finance Cost | 86,489,386 | 15,965,394 | 48,976,182 | 6,019,146 |
| ———— | ————- | ———— | ————- | |
| (98,154,730) | (167,698,851) | (54,123,135) | (132,118,818) | |
| Other Operating Income | 10,565 | 31,324 | 10,564 | 19,354 |
| ———— | ————- | ———— | ————- | |
| (Loss) / Profit Before Taxation | (98,144,165) | (167,667,527) | (54,112,570) | (132,099,464) |
| Taxation | ||||
| Deferred | (20,543,759) | 6,362,719 | (20,543,759) | 3,181,360 |
| For the Period | (1,159,229) | (3,487,121) | (578,722) | (2,758,586) |
| ———— | ————- | ———— | ————- | |
| (21,702,988) | 2,875,598 | (21,122,481) | 428,774 | |
| ———— | ————- | ———— | ————- | |
| (Loss) / Profit after Taxation | (119,847,153) | (164,791,929) | (75,235,051) | (131,676,690) |
| ———— | ————- | ———— | ————- | |
| (Loss) / Earning per Share-Basic
And Diluted Rs. |
(12.68) | (17.44) | (7.96) | (13.93) |
| ———— | ————- | ———— | ————- | |
For more information, contact:
Muhammad Ibrahim
Company Secretary
Baba Farid Sugar Mills Limited
1st Floor, Panorama Centre # 2,
Raja Ghazanfar Ali Khan Road,
Saddar, Karachi.
UAN: +9221 111-133-280
Tel: +9221 35682178
Email: fecto@fecto.com