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Karachi: We have to inform you that the Board of Directors of the Company in its meeting held on Wednesday, January 25, 2012 at 11:50 a.m. at the Registered Office of the Company at Modern Motors House, Beaumont Road, Karachi has recommended the following.
1) Cash Dividend Nil
2) Bonus Issue Nil
3) Right Issue Nil
The financial results of the Company are as follows.
|
December 2011 |
December 2010 |
|
|
Rupees in 000 |
||
| Turnover – net | 902,611 | 675,480 |
| Cost of Sales | (858,582) | (599,174) |
| ———– | ———— | |
| Gross Profit | 44,029 | 76,306 |
| Distribution Cost | (1,579) | (694) |
| Administrative expenses | (14,241) | (19,056) |
| Other operating expenses | (95) | (2,853) |
| ———– | ———— | |
| (15,915) | (22,603) | |
| Other operating income | 2,501 | 1,489 |
| ———– | ———— | |
| Operating Profit | 30,615 | 55,192 |
| Finance Cost | (31,601) | (17,316) |
| ———– | ———— | |
| (986) | 37,876 | |
| Share of Profit in an associate | 11,770 | 5,813 |
| ———– | ———— | |
| Profit before taxation | 10,784 | 43,689 |
| Taxation | ||
| – Current | (9,450) | (9,887) |
| – Deferred | 20,733 | – |
| ———– | ———— | |
| 11,283 | (9,887) | |
| ———– | ———— | |
| Profit after taxation | 22,067 | 33,802 |
| ———– | ———— | |
| Earning per share – basic (Rupees) | 2.62 | 4.00 |
For more information, contact:
Aslam Faruque
Chief Executive
Mirpurkhas Sugar Mills Limited
Modern Motors House, Beaumont Road,
P.O. Box 5379 Karachi-75530, Pakistan
UAN: 111-354-111
Tel: (92-021) 35682565-67- 35682569-70
Fax: (92-021) 35682839- 35688036
E-mail: msmho@gfg.com.pk