AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, July 31, 2013 (PPI-OT): Ws have to inform you that the Board of Directors of our Company in their meeting held on 30th July, 2013 at 2:30 P.M. at our registered office of the Company, 2nd Floor Bank House No. 1, Habib Square, M.A. Jinnah Road, Karachi recommended the following.
(i) Cash Dividend Nil
(ii) Bonus Issue Nil
(iii) Right Issue Nil
The financial results of the Company are as follows:
Nine Months Ended Quarter Ended
June 30-2013 June 30-2012 June 30-2013 June 30-2012
Rupees Rupees
Sales-net 3,702,750,111 3,269,073,778 1,702,557,364 952,266,460
Cost of sales (3,391,512,188) (2,931,608,068) (1,540,494,045) (990,694,887)
------------- ------------- ------------- -----------
Gross profit 311,337,923 337,465,712 162,063,319 (38,428,427)
Operating expenses
Administrative expenses (54,899,700) (49,299,472) (19,621,604) (18,309,221)
Selling and Distribution cost (63,902,467) (10,548,209) (30,902,186) (5,569,408)
Other charges (14,023,579) (20,502,355) (7,282,704) 3,369,845
Other income 32,180,504 31,567,182 4,874,134 5,351,541
------------- ------------- ------------- -----------
Operating profit/ (loss) 210,692,681 286,882,858 109,130,959 (53,585,670)
Share in profit of associate-net 100,039,000 96,211,000 10,469,661 62,744,333
------------- ------------- ------------- -----------
310,631,681 384,893,858 119,600,626 9,158,663
Finance cost (78,531,734) (40,979,362) (38,195,396) (19,205,970)
------------- ------------- ------------- -----------
Profit/ (loss) before taxation 232,099,947 343,914,496 81,405,230 (10,047,307)
Taxation (41,637,526) (85,708,310) (30,696,222) 21,953,614
------------- ------------- ------------- -----------
Profit after taxation 190,462,421 258,206,186 50,709,008 11,906,307
------------- ------------- ------------- -----------
Restated Restated
Earnings per share-basic and diluted 8.00 10.84 2.13 0.50
------------- ------------- ------------- -----------
We will send you 300 copies of printed accounts for distribution among the members of the Exchange in due course of time.
For more information, contact:
Muhammad Ayub
CFO and Company Secretary
Faran Sugar Mills Limited
3rd Floor, Bank House No. 1,
Habib Square M.A. Jinnah Road,
Karachi – 74000, Pakistan
UAN: 111-786-878
Fax: (92-21) 3242-1010
URL: www.faran.com.pk, www.bawany.com.pk
E-mail: info@faran.com.pk