Karachi: This is to inform you that the Board of Directors’ Meeting of the Company held at 04:00 P.M. on Tuesday, January 31, 2012, has considered and approved the financial results of the Company for the first quarter ended on December 31, 2011.
Approved Financial result of the company for the period under review are being provided through “Annexure A” enclosed herewith.
Moreover, during the period under review, the Board has not recommended any entitlement.
Condensed Interim Profit and Loss Account for the Quarter Ended December 31, 2011
Un-audited |
|||
Dec 3l, 2011 |
Dec 31, 2010 |
||
Note |
Rupees |
||
Sales – Net | 6 | 400,936,547 | 551,163,473 |
Cost of goods sold | 7 | (365,029,006) | (540,972,907) |
———– | ———– | ||
Gross profit | 35,907,541 | 10,190,566 | |
Operating expenses: | |||
– Administrative and general expenses | 7,412,179 | 6,770,512 | |
———– | ———– | ||
28,495,362 | 3,420,054 | ||
Other operating income | 2,147,916 | 1,186,691 | |
———– | ———– | ||
Profit from operation | 30,643,278 | 4,606,745 | |
Finance cost | 27,745,956 | 29,183,453 | |
———– | ———– | ||
Profit/ (loss) before taxation | 2,897,321 | (24,576,708) | |
Taxation | |||
Current | (4,009,365) | (5,511,635) | |
Deferred | 3,330,231 | 2,993,415 | |
———– | ———– | ||
(679,134) | (2,518,220) | ||
———– | ———– | ||
Profit/ (loss) after taxation | 2,218,187 | (27,094,928) | |
———– | ———– | ||
Earnings per share – basic | 0.07 | (0.84) |
For more information, contact:
Haseeb Waqas Sugar Mills Limited
6-F, Model Town, Lahore Pakistan.
Phones: 042- 35917321 -23
Fax: 92-42- 35917317
E-mail: hwgc@hwgc.com.pk