AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi:We have to inforM you that the Bord of Directors of the Company in their meeting held on May 25, 2011 at Fecto House, House # 4. Street # 15, sector # F-6/3, Islamabad at 11:00 a.m. has approved the following financial results for the Half Year ended March 31. 2011 for onward dssemination to the members of the Exchange. The Dividend for the quarter under review be regretfully passed over.
| Rupees’ 000 | Rupees’ 000 | |||
| For the Halfyear | For the Quarter | |||
| Oct-Mar | Oct-Mar | Jan-Mar | Jan-Mar | |
| 2011 | 2010 | 2011 | 2010 | |
| Sales | 2,350,803 | 1,480,838 | 1,938,637 | 1,055,919 |
| Cost of sales | (2,340,009) | (1,611,027) | (1,931,250) | (1,219,108) |
| ———– | ——— | ———- | ——— | |
| Gross Profit | 10,794 | (130,189) | 7,387 | (163,189) |
| ———– | ——— | ———- | ——— | |
| Operating Expenses | ||||
| Distribution Costs | (45,621) | (34,042) | (25,273) | (18,765) |
| Administrative | (3,339) | (2,332) | (2,742) | (1,533) |
| Other Operating Expenses | (230) | (396) | (151) | (208) |
| ———– | ——— | ———- | ——— | |
| (49,190) | (36,770) | (28,166) | (20,506) | |
| ———– | ——— | ———- | ——— | |
| Operating (Loss)/Profit | (38,396) | (166,959) | (20,779) | (183,695) |
| Finance Cost | (35,109) | (31,564) | (20,130) | (15,633) |
| ———– | ——— | ———- | ——— | |
| (73,505) | (198,523) | (40,909) | (199,328) | |
| B/F. | (73,505) | (198,523) | (40,909) | (199,328) |
| Other Operating Income | 510 | 79 | 510 | 27 |
| ———– | ——— | ———- | ——— | |
| (Loss)/Profit before Taxation | (72,995) | (198,444) | (40,399) | (199,301) |
| ———– | ——— | ———- | ——— | |
| Taxation – Current | (25,213) | (7,963) | (20,932) | (5,838) |
| Prior | – | (50) | – | (50) |
| Deferred | (1,231) | 8,579 | (5,244) | 4,248 |
| ———– | ——— | ———- | ——— | |
| (26,444) | 566 | (26,176) | (1,640) | |
| ———– | ——— | ———- | ——— | |
| (Loss) / Porfit After Taxation | (99,439) | (197,878) | (66,575) | (200,942) |
| ———– | ——— | ———- | ——— | |
| Unappropriated Loss brought forward | (977,782) | (739,957) | (1,002,968) | (728,850) |
| ———– | ——— | ———- | ——— | |
| (1,077,221) | (937,835) | (1,069,543) | (929,792) | |
| Surplus on revaluation of Fixed | ||||
| Assets – net of deffered tax | 14,976 | 15,933 | 7,298 | 7,890 |
| ———– | ——— | ———- | ——— | |
| (1,062,245) | (921,902) | (1,062,245) | (921,902) | |
| ———– | ——— | ———- | ——— | |
| (Loss)/ Eerning per Share-Basic | (6.82) | (13.57) | (4.58) | (13.78) |
| ———– | ——— | ———- | ——— | |
For more information, contact:
Khalid Mehmood
Company Secretary
Fecto Sugar Mills Limited
1st Floor, Panorama Centre-2,
Raja Ghazanfar Ali Khan Road,
Saddar, Karachi.
UAN: +9211 111-133-280
Tel: +9221 35682178
Fax: +9221 35684709
Website: www.fecto.com
Email: fecto@fecto.com