Kohinoor Sugar Mills Limited’s financial results for nine months ended June 30, 2013 : AsiaNet-Pakistan

Kohinoor Sugar Mills Limited’s financial results for nine months ended June 30, 2013

July 29, 2013 | Financial Results | Share:

Karachi, July 29, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Monday 29th July 2013 at 11:30 a.m. at 193-A, Shah Jamal, Lahore-54000, has approved the financial results of the Company as follows:

                                                                             (Rupees in thousands)
                                                                 Nine Months Ended             Quarter Ended
                                                                     June 30                      June 30
                                                               2013          2012          2013            2012

Sales                                                         932,836      1,482,052      140,732         571,087
Cost of Sales                                               1,258,817      1,550,072      174,638         608,794
                                                              -------        -------       ------          ------
Gross Profit/ (Loss)                                         (325,981)       (68,020)     (33,906)        (37,707)
Operating Expenses
Distribution cost                                              11,385          4,255        8,392             814
Administrative expenses                                        63,005         59,255       13,243          16,925
Other operating expenses                                          590            590           40              40
                                                              -------        -------       ------          ------
                                                               74,980         64,100       21,675          17,779
                                                              -------        -------       ------          ------
Operating Profit/ (Loss)                                     (400,961)      (132,120)     (55,581)        (55,486)
Finance Cost                                                  (40,107)       (73,792)     (16,721)        (22,507)
Other Income / (Expenses)                                         610           (487)       5,373          (1,790)
                                                              -------        -------       ------          ------
Profit/ (Loss) before Taxation                               (440,458)      (206,399)     (66,929)        (79,783)
Provision for Taxation                                        (29,754)       (14,826)        (620)         (5,711)
                                                              -------        -------       ------          ------
Profit/ (Loss) after Taxation                                (470,212)      (221,225)     (67,549)        (85,494)
Other Comprehensive Income/ (Loss) for the Period              27,795            -          9,265             -
                                                              -------        -------       ------          ------
Total Comprehensive Income/ (Loss) for the Period            (442,417)      (221,225)     (58,284)        (85,494)
                                                              -------        -------       ------          ------
Earnings/ (Loss) per Share-Basic and diluted (Rs.)              (43.10)        (20.28)       (6.19)          (7.84)

We will be sending you 300 copies of printed un-audited quarterly accounts of the Company for distribution amongst the members of the Exchange.

For more information, contact:
Farooq Ahmed
Company Secretary
Kohinoor Sugar Mills Limited
29 – G, Gulberg – II,
Lahore, Pakistan
Ph: 35757250,
Fax: 92-42-35710972
Web: www.ksugar.com

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Category: Financial Results