AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, January 24, 2013 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held at 10.30 a.m. on Thursday, January 24, 2013, recommended the following:
(i) Interim Cash Dividend Nil
(ii) Interim Bonus Shares Nil
(iii) Right Shares Nil
The Quarterly Results of the Company are as flows:
| Quarter Ended | Quarter Ended | |
|
31-12-2012 (Rs.) |
31-12-2011 (Rs.) |
|
| Sales-net |
40,384,352 |
80,860,695 |
| Cost of sales |
(61,721,461) |
(153,399,430) |
|
———- |
———– |
|
| Gross Profit/ (loss) |
(21,337,109) |
(72,538,735) |
| Operating Expenses: | ||
| Administration and General |
15,234,569 |
16,215,091 |
| Selling and Distribution |
15,195 |
27,059 |
|
———- |
———– |
|
|
(15,249,764) |
(16,242,150) |
|
|
———- |
———– |
|
| Operating Profit/ (loss) |
(36,586,873) |
(88,780,885) |
| Financial charges |
(32,460) |
(421,625) |
| Other Income/ (Charges) |
7,500 |
(5,796) |
|
———- |
———– |
|
|
(24,960) |
(427,421) |
|
|
———- |
———– |
|
| Profit/ (Loss) before taxation |
(36,611,833) |
(89,208,306) |
| Provision for taxation: | ||
| Current |
– |
(808,607) |
|
———- |
———– |
|
| Net Profit/ (Loss) after taxation |
(35,611,833) |
(90,016,913) |
|
———- |
———– |
|
| Earning/ (Loss) per share-basic |
(2.60) |
(6.38) |
For more information, contact:
Mirza Sugar Mills Limited
10th Floor, Block ‘B’ Building No. 1,
Lakson Square, Sarwar Shaheed Road,
Karachi.
PABX: 5680151
Fax: (92-21) 5680183