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Karachi: We have to inform you that Board of Directors of our Company in their Meeting held at 12.00 noon on Thursday, January 19, 2012 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 | Quarter Ended | |
| 31-12-2011 (Rs.) | 31-12-2010 (Rs.) | |
| Sales – net | 172,226,342 | 132,676,752 |
| Cost of sales | (225,929,027) | (125,418,307) |
| ———– | ———– | |
| Gross Profit / (loss) | (53,702,685) | 7,258,445 |
| Distribution expenses | (259,329) | (327,618) |
| Administrative expenses | (10,950,537) | (7,716,070) |
| ———– | ———– | |
| (11,209,866) | (8,043,689) | |
| ———– | ———– | |
| Operating Profit / (Loss) | (64,912,551) | (785,244) |
| Finance cost | (842,637) | (878,453) |
| Other income | 3,467,035 | 665,062 |
| ———– | ———– | |
| 2,624,398 | (213,391) | |
| ———– | ———– | |
| Profit / (Loss) before taxation | (62,288,153) | (998,634) |
| Taxation | (1,722,263) | (1,326,768) |
| ———– | ———– | |
| Net Profit / (Loss) for the period | (64,010,416) | (2,325,402) |
| ———– | ———– | |
| Earnings / (Loss) per share – basic | (5.90) | (0.21) |
For more information, contact:
M. Yunus Ansari
Company Secretary
Pangrio Sugar Mills Limited
10th Floor, Building No.1. Lakson Square,
Sarwar Shaheed Road, Karachi.
PABX: 5680151,
Fax: (92-21) 5680183