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Karachi, July 29, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Monday 29th July 2013 at 11:30 a.m. at 193-A, Shah Jamal, Lahore-54000, has approved the financial results of the Company as follows:
(Rupees in thousands)
Nine Months Ended Quarter Ended
June 30 June 30
2013 2012 2013 2012
Sales 932,836 1,482,052 140,732 571,087
Cost of Sales 1,258,817 1,550,072 174,638 608,794
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Gross Profit/ (Loss) (325,981) (68,020) (33,906) (37,707)
Operating Expenses
Distribution cost 11,385 4,255 8,392 814
Administrative expenses 63,005 59,255 13,243 16,925
Other operating expenses 590 590 40 40
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74,980 64,100 21,675 17,779
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Operating Profit/ (Loss) (400,961) (132,120) (55,581) (55,486)
Finance Cost (40,107) (73,792) (16,721) (22,507)
Other Income / (Expenses) 610 (487) 5,373 (1,790)
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Profit/ (Loss) before Taxation (440,458) (206,399) (66,929) (79,783)
Provision for Taxation (29,754) (14,826) (620) (5,711)
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Profit/ (Loss) after Taxation (470,212) (221,225) (67,549) (85,494)
Other Comprehensive Income/ (Loss) for the Period 27,795 - 9,265 -
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Total Comprehensive Income/ (Loss) for the Period (442,417) (221,225) (58,284) (85,494)
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Earnings/ (Loss) per Share-Basic and diluted (Rs.) (43.10) (20.28) (6.19) (7.84)
We will be sending you 300 copies of printed un-audited quarterly accounts of the Company for distribution amongst the members of the Exchange.
For more information, contact:
Farooq Ahmed
Company Secretary
Kohinoor Sugar Mills Limited
29 – G, Gulberg – II,
Lahore, Pakistan
Ph: 35757250,
Fax: 92-42-35710972
Web: www.ksugar.com