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Karachi, May 22, 2013 (PPI-OT): We have to inform you that the Board of Director of the Company in their meeting held on Wednesday, May 22, 2013 at 12.00 noon, at Habib Sugar Mills Limited (HABSM), imperial Court. Dr Ziauddin Ahmed Road, Karachi approved the following.
(i) Cash Dividend – Nil
And/ Or
(ii) Bonus Issue – Nil
And/ Or
(iii) Right Shares – Nil
And/ Or
(iv) Any Others Entitlement/Corporate Action – N/A
And/ Or
(v) Any other price sensitive information – N/A
And/ Or
The condensed intern financial result s of the Company are as follows.
Half year ended Quarter ended
March 31, March 31, March31, March 31,
2013 2012 2O13 2012
(Rupees in thousands)
Segment operating results
Net sales and Service 3,751,049 2,545,270 2993,335 1,797,110
Cost of sales (3,185,902) (1,939,864) (2,542,694) (1,318,964)
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Gross Profit 566,047 605,406 450,641 478,146
Selling and distribution expenses (116,736) (81,197) (91,220) (56,971)
Administrative expenses (57,294) (59,224) (25,643) (28,381)
Other operating expenses (36,513) (38,301) (31,501) (30,699)
Other operating income 147,660 62,061 138,588 56,495
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(62,883) (116,661) (9,776) (59,556)
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Operating profit 503,164 488,745 440,865 418,690
Finance (cost)/ income - net (18,066) 20,123 (22,351) (10,717)
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Profit before taxation 485,096 508,868 418,514 407,873
Taxation (75,000) (105,000) (63,000) (77,000)
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Profit after taxation 410,096 403,868 355,514 330,873
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Earnings per share-Basic and diluted 2.73 2.69 2.37 2.21
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For more information, contact:
Company Secretary
Habib Sugar Mills Limited
3rd /4th floor, Imperial Court,
Dr. Ziauddin Ahmed Road, Karachi-
Ph: (021) 35680036 (8 Lines)
Fax: (021) 35684086
E-mail: sugar@habib.com