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Karachi, August 05, 2013 (PPI-OT): We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2013 in their meeting held on Tuesday, July 30, 2013 at 4.00 p.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:
Nine Months Ended Quarter ended
June 30 June 30
2013 2012 2013 2012
Rupees in thousand
Sales-net 6,216,832 3,432,506 2,033,957 814,900
Cost of sales 5,676,731 2,858,311 1,819,142 647,546
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Gross Profit 540,101 574,195 214,815 167,354
Administrative and marketing exp. 189,283 205,734 55,750 48,420
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350,818 368,461 159,065 118,934
Other operating income 32,542 276 30,967 26
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Operating profit 383,360 368,737 190,032 118,960
Financial Cost 193,910 287,932 63,623 89,208
Worker's profit participation fund 9,473 3,673 6,321 1,352
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203,383 291,605 69,944 90,560
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Profit before taxation 179,977 77,132 120,088 28,400
Provision for Taxation 51,687 (34,325) (3,892) (8,149)
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Profit for the period 231,664 42,807 116,196 20,251
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Earnings per share-basic and diluted (Rupees) 2.34 0.43 1.17 0.20
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Directors have not recommended Cash Dividend, Bonus/ Right Shares.
We will be sending you copies of printed accounts for distribution amongst the members of the exchange.
For more information, contact:
Abdul Mansoor Khan
Company Secretary
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Building,
205-Ferozepur Road, Lahore-54600 Pakistan.
Phone #: +92 42 111-COLONY
Fax #: +92 42 576-3246
E-mail: info@colonysugar.com