AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the director of the Company approved the accounts for the Three-Months period ended December 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.
| Three – months Period Ended | ||
| 31 Dec | 31 Dec | |
| 2010 | 2009 | |
| (Rupees) | ||
| Sales -Net | – | – |
| Toll Manufacturing Income | – | 6,468,889 |
| Cost of sales | 93,610,823 | 43,972,198 |
| ———— | ———— | |
| Gross (loss)/Profit | (93,610,823) | (37,503,309) |
| Distribution cost | 1,500 | – |
| Administrative expenses | 2,511,096 | 2,555,742 |
| ———— | ———— | |
| 2,512,596 | 2,555,742 | |
| ———— | ———— | |
| Operating (Loss)/Profit | (96,123,419) | (40,059,051) |
| Other operating income | 9,370,691 | 156,028 |
| ———— | ———— | |
| (86,752,728) | (39,903,023) | |
| Financial cost | 638,134 | 13,757,826 |
| ———— | ———— | |
| (Loss)/Profit before taxation | (87,390,862) | (53,660,849) |
| Provision for Taxation | – | (32,344) |
| ———— | ———— | |
| (Loss)/Profit after taxation | (87,390,862) | (53,693,193) |
| (Loss)/Earning per share | (10.02) | (6.15) |
Financial Results for the Six Months Ended December 31, 2011
Dear Sir,
We have to inform you that the director of the Company approved the accounts for the Six-Months the period ended March 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.
| Six – months Period Ended | three – months Period Ended | |||
| 31 March | 31 March | 31 March | 31 March | |
| 2011 | 2010 | 2011 | 2010 | |
| (Rupees) | (Rupees) | |||
| Sales | 666,057,830 | 666,057,830 | – | |
| Toll Manufacturing Income | – | 100,335,030 | – | 93,866,141 |
| Cross of Sales | 622,683,191 | 116,637,793 | 529,072,368 | 72,665,595 |
| ———— | ———— | ———— | ———– | |
| Gross (loss)/Profit | 43,374,639 | (16,302,763) | 136,985,462 | 21,200,546 |
| Distribution cost | 3,605,385 | – | 3,603,885 | – |
| Administrative expenses | 9,624,749 | 3,574,635 | 7, 112,153 | 1,018,893 |
| ———— | ———— | ———— | ———– | |
| 13,230,134 | 3,574,635 | 10,716,038 | 1,018,893 | |
| ———— | ———— | ———— | ———– | |
| Operating (loss)/Profit | 30,144,505 | (19,877,398) | 126,269,424 | 20,181,653 |
| Other operating income | 9,457,689 | 237,745 | 86,998 | 81,717 |
| ———— | ———— | ———— | ———– | |
| 39,602,194 | (19,639,653) | 126,356,422 | 20,263,370 | |
| Finance cost | 65,222,107 | 36,670,884 | 64,583,973 | 22,913,058 |
| ———— | ———— | ———— | ———– | |
| (Loss)/Profit before taxation | (25,619,913) | (56,310,537) | 61,772,449 | (2,649,688) |
| Provision for taxation | (6,660,578) | (501,675) | (6,660,578) | (469,331) |
| ———— | ———— | ———— | ———– | |
| (Loss)/Profit after taxation | (32,280,491) | (56,812,212) | 55,111,871 | (3,119,019) |
| (Loss)/Earning per share | (3.70) | (6.51) | 6.32 | (0.36) |
For more information, contact:
Company Secretary
Bawany Sugar Mills Limited
1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
Karaci-75350, Pakistan
UAN: +9221 111-606-447
Tel: +9221 35657781-6
Fax: +9221 35680533