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Karachi, January 28, 2013 (PPI-OT): We are pleased to inform you that Board of Directors of our Company in its meeting held on January 2l, 2013, at 11:30 am, at its registered office, 30-A/E-I, Old FCC, Gulberg-III, Lahore, has authorized issuance of un-audited accounts of the Company for the first quarter ended December 31, 2012, without recommending any cash dividend or bonus and right issue.
Financial results of the Company are:
|
31.12.2012 |
31.12.2011 |
|
|
Rupees |
Rupees |
|
| Sales |
219,674,766 |
546,122,026 |
| Cost of Sales |
(270,760,535) |
(503,945,546) |
|
———– |
———– |
|
| Gross Profit/ (Loss) |
(51,085,769) |
42,176,480 |
| Distribution Cost |
(1,634,270) |
2,071,732 |
| Administrative Expenses |
(28,852,215) |
(24,206,634) |
| Other Operating Expenses |
– |
(20,000) |
|
———– |
———– |
|
|
(30,486,485) |
(26,298,426) |
|
|
———– |
———– |
|
|
(81,572,254) |
15,878,054 |
|
| Other Operating Income |
5,023,694 |
3,895,304 |
|
———– |
———– |
|
| Profit/ (Loss) from Operations |
(76,548,560) |
19,773,358 |
| Finance Cost |
(10,446,100) |
(9,996,897) |
|
———– |
———– |
|
| Profit/ (Loss) before Taxation |
(86,994,660) |
9,776,461 |
| Taxation |
30,874,176 |
(7,590,105) |
|
———– |
———– |
|
| Profit/ (Loss) after Taxation |
(58,120,464) |
2,186,356 |
| Other Comprehensive Income/ (Loss): | ||
| Surplus/ (deficit) on re-measurement of available for sale investments |
12,937,750 |
(450,575) |
|
———– |
———– |
|
| Total Comprehensive Income for the Year |
(43,182,734) |
1,735,781 |
|
———– |
———– |
|
| Earnings per Share-Basic and Diluted |
(3.30) |
0.13 |
The share transfer books of the Company will be closed from January 22, 2013 to January 28, 2013 (both days inclusive). Transfers received at the Company’s Share Registrar, Hameed Majeed Associates (Private) Limited, HM House, 7 Bank Square, Lahore, by close of the business on January 21, 2013; will be treated in time.
The accounts are under printing process and will be sent to you 200 copies of the same for distribution amongst the members of the Exchange in due course of time.
For more information, contact:
Husein Sugar Mills Limited
30 A/E-1, Old FCC, Gulberg III, Lahore.
Ph: 042-35762089-90, 5878153
Fax: 042-5712680
Website: www.huseinsugarmills.com
E-mail: info@huseinsugarmills.com