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PPI Original Text (PPI-OT) – Bawany Sugar Mills Limited’s financial results for the period ended March 31, 2012

May 31, 2012 Financial Results

Karachi, May 31, 2012 (PPI-OT): We have to inform you that directors of the company approved the accounts for the six months period ended March 31, 2012 on May 31, 2012 at registered office of the Company, declaring no dividend for the shareholders.

The Financial results of the Company are as follows:

Quarter ended

half year ended

31 March

31 March

31 March

31 March

2012

2011

2012

2011

Rupees

Rupess

Rupees

Rupess
Sales

279,017,867

66,037,830

492,923,819

666,057,830
Less: Cost of Sales

(361,620,592)

(529,022,368)

(574,527,734)

(622,683,191)

———–

———–

———–

———–
Gross (loss) / Profit

(82,602,725)

136,985,462

(81,603,915)

43,374,639
Distribution cost

98,163

3,603,885

387,777

3,605,385
Administrative expenses

26,972,665

7,112,153

34,890,913

9,624,749

———–

———–

———–

———–

27,070,828

10,716,038

35,198,690

13,230,134

———–

———–

———–

———–
Operating (loss) /Profits

(109,673,553)

126,269,624

(116,802,605)

30,144,505
Other Operating income

162,501

86,998

1,291,002

9,457,689

———–

———–

———–

———–

(109,511,052)

126,356,422

(115,511,603)

39,602,194
Finance cost

36,179,684

64,583,973

130,034,342

65,222,102

———–

———–

———–

———–
Taxation

3,316,178

6,660,578

–

6,660,578

———–

———–

———–

———–
(Loss)/ profit before taxation

(148,805,834)

55,111,871

(245,545,945)

(32,280,491)
Other comprehensive income

–

–

–

–

———–

———–

———–

———–

(148,805,834)

55,111,871

(245,545,945)

(32,280,491)

———–

———–

———–

———–
(Loss) / earning per share – Basic

(17.66)

6.32

(28)

(3.70)

For more information, Contact:
Bawany Sugar Mills Limited
1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
Karaci-75350, Pakistan
UAN: 92-21 111-600-447
Ph: 92-21 35657781-6, 92-21 35655131-4
Fax: 92-21 35680533

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