Mehran Sugar Mills Limited’s financial results for the year ended September 30, 2012

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Karachi, December 04, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on December 04, 2012 at 11.00 am at registered office of the Company recommended the following:

Cash Dividend

A final Cash Dividend for the year ended Sept 30, 2012 at Re. 0.75 per share i.e. 7.5%. This is in addition to Interim Dividends already paid at Rs. 1.75 per share i.e. 17.5%, thus the total Cash Dividend for the year stood at Rs. 2.50 per share i.e. 25%.

Bonus Shares

Final issue o Bonus Shares in the proportion of 10 shares for every 100 shares held i.e. 10%. This is in addition to the interim bonus shares already issued at 10 shares for every 10 shares i.e. 10%, thus the total Bonus shares for the year stood at 20 shares per 100 share held i.e. 20%.

The Financial Results of the Company is as follows:

	Sep 2012	Sep 2011
	Rupees	Rupees
Turnover-Net	4,150,108,933	4,353,038,305
Cost of sales	(3,771,972,032)	(3,773,642,501)
	————-	————-
Gross Profit	378,136,901	581,395,804
Distribution costs	(27,576,075)	(5,163,852)
Administrative expenses	(102,127,246)	(103,333,544)
Other operating expenses	(14,010,238)	(43,544,444)
Other operating income	63,865,561	80,259,085
	————-	————-
Operating Profit	298,288,903	509,613,049
Share of profit from an associate-net tax	171,666,322	40,640,865
Finance Cost	(116,319,761)	(133,757,171)
	————-	————-
Profit before taxation	353,635,464	416,496,743
Taxation	(81,079,316)	(93,640,144)
	————-	————-
Profit after taxation	272,556,148	322,856,599
	————-	————-
	Restated
Basic and diluted earnings per share	13.02	15.43

Date of book closure and AGM will be announced later.

For more information, contact:
Muhammad Hanif Aziz
Company Secretary
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