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Karachi, July 24, 2013 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held at 12.00 noon on Wednesday, July 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 follows:
Quarter Ended Nine Month Ended
June 30, June 30, June 30, June 30,
2013 (Rs.) 2012 (Rs.) 2013 (Rs.) 2012 (Rs.)
Sales-net 24,423,796 115,066,759 136,269,491 518,492,635
Less: Cost of sales (34,580,260) (134,159,857) (209,523,549) (603,036,977)
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Gross Profit/ (loss) (10,156,464) (19,093,098) (73,254,058) (84,544,342)
Operating Expenses:
Administrative expenses 6,377,093 8,937,958 22,108,297 31,218,589
Distribution 5,580 229,030 847,312 1,688,616
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(6,382,673) (9,166,988) (22,955,609) (32,907,205)
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Operating Profit/(loss) (16,539,137) (28,260,086) (96,209,667) (117,451,547)
Other Charges:
Finance cost (428,225) (1,072,941) (1,647,773) (3,380,718)
Other Income (charges) 0 (8,173) 1,401,949 4,287,728
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(428,225) (1,081,114) (245,824) 907,010
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Net profit/ (loss) before taxation (16,967,362) (29,341,200) (96,455,491) (116,544,537)
- 1,441,796 - (2,592,463)
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Net profit/(loss) after taxation (16,967,362) (27,899,404) (96,465,491) (119,137,000)
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Earnings/(loss) per share-
basic and diluted (1.56) (2.57) (8.89) (10.98)
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For more information, contact:
M. Yonus Ansari
Company Secretary
Pangrio Sugar Mills Limited
10th Floor, Building No.1. Lakson Square,
Sarwar Shaheed Road, Karachi.
PABX: 5680151,
Fax: (92-21) 5680183