Mehran Sugar Mills Limited’s financial results for the 1st quarter ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on January 30, 2012 at 11:00 am at registered office of the Company recommended the following:

Cash Dividend

An interim Cash Dividend for the year ending Sept 30, 2012 at Re. 0.50 per share i.e. 5%.

The Financial Results of the Company is as follows:

 

	December 2011	December 2010
	Rupees	Rupees
Turnover – net	1,818,709,324	1,488,343,167
Cost of sales	1,778,037,067	1,317,477,859
	————-	————-
Gross profit	40,672,257	170,865,308
Distribution costs	999,377	1,593,672
Administrative expenses	21,942,615	19,846,821
Other operating expense	1,190,968	11,505,021
Other operating income	(7,374,998)	(21,408,766)
	————-	————-
	16,757,962	11,536,748
	————-	————-
Operating profit	23,914,295	159,328,560
Finance costs	13,055,574	12,289,541
(Profit) from an Associate	(11,769,667)	(5,813,402)
Profit before taxation	22,628,388	152,852,421
Taxation	9,623,368	43,282,747
	————-	————-
Profit after taxation	13,005,020	109,569,674
	————-	————-
	Restated
Earnings per share – Basic and diluted	0.75	6.34

 

Share transfer books shall remain dose from February 20, 2012 to February 26, 2012 (both days inclusive).

For more information, Contact
Mehran Sugar Mills Limited
Adamjee House, 8th Floor
I. I. Chundrigar Road,
Karachi-74000, Pakistan.
Tel: 92-(21) 3241-7131, 92-(21) 3242-3881
Fax: 92-(21) 3241-6477
E-mail: msm@mehransugar.com
URL: www.mehransugar.com