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 year ended September 30, 2011 in their meeting held on Saturday, January 07, 2012 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205 Ferozepur Road, Lahore:
|
September 30 |
||
|
2011 |
2010 |
|
|
Rupees In thousand |
||
| Sales – net | 5,483,297 | 4,749,066 |
| Cost of Sales | 4,822,065 | 4,095,161 |
| ——— | ——— | |
| Gross Profit | 661,232 | 653,905 |
| Administrative expenses | 102,724 | 81,414 |
| Distribution and marketing expenses | 30,240 | 25,480 |
| ——— | ——— | |
| 132,964 | 106,894 | |
| ——— | ——— | |
| Operating profit | 528,268 | 547,011 |
| Other operating income | 5,336 | 3,526 |
| ——— | ——— | |
| 533,604 | 550,537 | |
| Finance cost | 406,960 | 411,409 |
| Other operating expenses | 6,332 | 6,956 |
| ——— | ——— | |
| 413,292 | 418,365 | |
| ——— | ——— | |
| Profit before taxation | 120,312 | 132,172 |
| Provision for taxation | 54,601 | 14,121 |
| ——— | ——— | |
| Profit after taxation | 65,711 | 118,051 |
| OTHER COMPREHENSIVE INCOME | ||
| Other comprehensive income-net of tax | – | – |
| ——— | ——— | |
| Total comprehensive income | 65,711 | 118,051 |
| ——— | ——— | |
| Earnings per share – basic and diluted | 0.66 | 1.19 |
Keeping in view current depressed economic and financial scenario, directors didn’t recommend dividend/Bonus/Right for the year ended September 30, 2011.
Annual General Meeting of the Company will be held on Tuesday, January 31, 2012 at 10.00 a.m. at Registered Office, Ismail Aiwan-e-Science Building, 205 Ferozepur Road, Lahore.
The Shares transfer books of the company will remain closed from January 25, 2012 to January 31, 2012 (Both days inclusive).
For more information, contact:
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Buildig,
205 Ferozepur Road,
Lahore – 54600,
Pakistan.
Tel: +92 42 111-COLONY
Fax: +92 42 576-3246
Email: info@colonysugar.com