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 quarter ended December 31, 2011 in their meeting held on Monday, January 30, 2012 at 4.00 p.m., at Ismail Aiwan-e-Science Building, 205 Ferozepur Road, Lahore:
|
December 31 |
||
|
2011 |
2010 |
|
|
Rupees in thousand |
||
| Sales – net | 976,121 | 914,334 |
| Cost of sales | 780,215 | 721,194 |
| ——- | ——- | |
| Gross Profit | 195,906 | 193,140 |
| Administrative expenses | 28,380 | 25,643 |
| Distribution and marketing expenses | 45,766 | 44,614 |
| ——- | ——- | |
| 74,146 | 70,257 | |
| ——- | ——- | |
| Operating profit | 121,760 | 122,883 |
| Other operating income | 118 | 65 |
| ——- | ——- | |
| 121,878 | 122,948 | |
| Finance cost | 104,375 | 102,941 |
| Other operating expenses | 875 | 1,000 |
| ——- | ——- | |
| 105,250 | 103,941 | |
| ——- | ——- | |
| Profit before taxation | 16,628 | 19,007 |
| Provision for taxation | 9,761 | 9,196 |
| ——- | ——- | |
| Profit for the period | 6,867 | 9,811 |
| ——- | ——- | |
| Earnings per share – basic and diluted (Rupees) | 0.07 | 0.10 |
Keeping in view current economic scenario and expansion/growth of the company, 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.
Phone #: +92 42 111-COLONY
Fax #: +92 42 576-3246
E-mail: info@colonysugar.com