Al-Abbas Sugar Mills Limited’s financial results for the nine months period and quarter ended June 30, 2013 : AsiaNet-Pakistan

Al-Abbas Sugar Mills Limited’s financial results for the nine months period and quarter ended June 30, 2013

July 31, 2013 | Financial Results | Share:

Karachi, July 31, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, July 31, 2013 at 11:00 AM recommended “No Announcement for Any Entitlement”.

The Financial results of the Company are as follows:

                                                    Nine months period ended                   Quarter ended
                                                   June 30,           June 30,           June 30,          June 30,
                                                    2013                2012              2013              2012
                                                                     (Rupees in thousands)

Sales-net                                        4,698,492           4,363,862          1,485,824         1,553,633
Cost of sales                                   (3,896,013)         (3,456,312)        (1,268,042)       (1,206,603)
                                                 ---------           ---------          ---------         ---------
Gross profit                                       802,479             907,550            217,782           347,030
Distribution cost                                 (131,977)           (140,304)           (29,798)          (45,389)
Administrative expenses                            (91,292)            (88,777)           (30,470)          (32,576)
Other operating expenses and loss from
terminal operations                                (46,970)            (39,088)            (7,223)          (11,457)
                                                 ---------           ---------          ---------         ---------
                                                  (270,239)           (268,169)           (67,491)          (89,422)
                                                 ---------           ---------          ---------         ---------
Operating profit                                   532,240             639,381            150,291           257,608
Finance cost                                      (184,196)           (210,067)           (61,998)          (72,048)
Other operating income                              54,221              16,096             23,192              (290)
                                                 ---------           ---------          ---------         ---------
Profit before taxation                             402,265             445,410            111,485           185,270
Taxation                                           (33,047)            (48,737)           (11,514)          (12,472)
                                                 ---------           ---------          ---------         ---------
Profit after taxation                              369,218             396,673             99,971           172,798
                                                 ---------           ---------          ---------         ---------
Earnings per share-Basic and diluted                  21.27               22.85               5.76              9.95
                                                 ---------           ---------          ---------         ---------

We will send you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Zuhair Abbas
CFO and Company Secretary
Al-Abbas Sugar Mills Limited
Pardesi House, Survey No. 2/1, R.Y. 16
Old Queens Road Karachi-74000
UAN: (92-21) 111-111-224
Fax: (92-21) 32470090
E-mail: sugar@cyber.net.pk
Web: www.aasml.com

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Category: Financial Results