AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, February 01, 2013 (PPI-OT): This is to inform you that the Board of Directors’ Meeting of the Company held at 04:00 PM on Thursday, January 31, 2013, has considered and approved the financial Results of the Company for the first quarter ended on December 31, 2012.
Approved Financial results 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 (Un-Audited) for the Quarter Ended December 31, 2012
|
Dec 31, 2012 |
Dec 31, 2011 |
||
|
Note |
Rupees |
||
| Sales -Net | 6 |
590,502,059 |
400,936,547 |
| Cost of goods sold | 7 |
634,468,075 |
365,029,006 |
|
———– |
———– |
||
| Gross (loss)/ profit |
(43,966,016) |
35,907,541 |
|
| Operating expenses: | |||
| Administrative general expenses |
7,172,365 |
7,412,179 |
|
|
———– |
———– |
||
|
(51,138,381) |
28,495,362 |
||
| Other operating income |
327,330 |
2,147,916 |
|
|
———– |
———– |
||
| (Loss)/ profit from operation |
(50,811,051) |
30,643,278 |
|
| Finance cost |
46,709,014 |
27,745,956 |
|
|
———– |
———– |
||
| (Loss)/ Profit before taxation |
(97,520,064) |
2,897,322 |
|
| Taxation | |||
| Current |
(2,952,510) |
(4,009,365) |
|
| Deferred |
8,563,019 |
3,330,230 |
|
|
———– |
———– |
||
|
5,610,508 |
(679,135) |
||
|
———– |
———– |
||
| (Loss)/ profit after taxation |
(91,909,556) |
2,218,187 |
|
|
———– |
———– |
||
| Earning per share – basic |
(2.84) |
0.07 |
|
The annexed notes form an integral part of these condensed interim financial statements.
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