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Karachi, August 01, 2013 (PPI-OT): 1. We have to inform you that the Board of Directors of our Company in their meeting he1d on Wednesday, July 31, 2013 at 10:30 am at T-09, 3rd floor, Hafeez Centre, Gulberg III, Lahore recommended the following.
a. Cash Dividend Nil
b. Bonus Shares Nil
c. Right Shares Nil
2. The Financial results of the company are being attached as Annexure “A”
3. We will be sending you 300 copies of printed accounts for distribution amongst the members of the exchange in due course of time.
Annexure “A”
Nine Months Ended Quarter Ended
June 30, 2013 June 30, 2012 June 30, 2013 June 30, 2012
Note Rupees Rupees Rupees Rupees
Sales-net 6 1,411,214,997 1,478,934,992 636,115,255 451,470,714
Cost of sales 7 1,381,682,070 1,397,031,801 652,147,323 448,389,905
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Gross profit/ (Loss) 29,532,927 81,903,191 (16,032,068) 3,080,809
Distribution costs 50,173,196 3,086,649 9,672,666 2,503,462
Administrative expenses 20,772,746 19,350,358 5,489,886 2,222,203
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70,945,942 22,437,007 15,162,552 4,725,665
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Operating (loss)/ profit (41,413,015) 59,466,184 (31,194,620) (1,644,856)
Finance costs 137,484,023 138,948,764 49,701,371 15,344,340
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(178,897,038) (79,482,580) (80,895,991) (16,989,196)
Other operating income 253,525 2,720 5,500 1,250
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(Loss) before taxation (178,643,513) (79,479,860) (80,890,491) (16,987,946)
Taxation
- Deferred (12,222,446) 20,523,943 (6,657,710) 4,915,123
- Current 16,055,500 (34,789,350) 8,925,503 (3,447,426)
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3,833,054 5,734,593 2,267,793 1,467,697
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(Loss) after taxation (182,476,567) (73,745,267) (83,158,284) (15,520,249)
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(Loss) per share-basic and diluted (19.31) (7.80) (8.80) (1.64)
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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: 111-133-280
Phones: 35682178-35662991
Fax: 35683800- 35684709
Website: www.fecto.com
Email: fecto@tecto.com