AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2011 in their meeting held on Friday, July 29, 2011 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:
|
Nine Months Ended |
Third quarter ended |
|||
|
June 30 |
June 30 |
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|
2011 |
2010 |
2011 |
2010 |
|
|
Rupees in thousand |
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| Sales – net | 4,368,574 | 2,977,820 | 847,488 | 1,014,546 |
| Cost of sales | 3,698,303 | 2,610,530 | 603,020 | 857,923 |
| ——— | ——— | ——- | ——— | |
| Gross Profit | 670,271 | 367,290 | 244,468 | 156,623 |
| Operating expenses | ||||
| Administrative and general exp | 81,069 | 67,754 | 22,783 | 18,880 |
| Distribution and marketing exp | 131,706 | 52,092 | 52,592 | 15,848 |
| ——— | ——— | ——- | ——— | |
| 212,775 | 119,846 | 75,375 | 34,728 | |
| ——— | ——— | ——- | ——— | |
| 457,496 | 247,444 | 169,093 | 121,895 | |
| Other operating income | 5,184 | 3,454 | 121 | 82 |
| ——— | ——— | ——- | ——— | |
| Operating profit | 462,680 | 250,898 | 169,214 | 121,977 |
| Financial and other charges | 343,940 | 313,616 | 120,819 | 112,586 |
| ——— | ——— | ——- | ——— | |
| Profit / (Loss) before taxation | 118,740 | (62,718) | 48,395 | 9,391 |
| Provision for Taxation | 46,702 | (3,184) | 8,475 | 6,287 |
| ——— | ——— | ——- | ——— | |
| Profit/ (Loss) for the period | 72,038 | (59,534) | 39,920 | 3,104 |
| ——— | ——— | ——- | ——— | |
| Earnings/(Loss) per share – basic (Rupees) | 0.73 | (0.60) | 0.41 | 0.03 |
Directors have not recommended Cash Dividend, Bonus/ Right Shares.
For more information, contact:
Abdul Mansoor Khan
Company Secretary
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Building,
205-Ferozepur Road, Lahore-54600,
Pakistan.
Tel: +9242 111-COLONY
Fax: +9242 5762246
Email: info@colonysugar.com