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Karachi, May 25, 2012 (PPI-OT): We have to inform you that the board of Directors of our company in their meeting held on May 25, 2012 at 11.00 a.m. at 17-Abid Majeed Road, Lahore Cantt has approved the following:
1. Cash Dividend Nil
2. Bonus Shares Nil
3. Right Shares Nil
The financial results of the Company for the half year ended March 31, 2012 are as follows.
|
Six months Ended |
Quarter ended |
|||
|
31 March |
31 March |
31 March |
31 March |
|
|
2012 |
2011 |
2012 |
2011 |
|
|
Rupees |
Rupees |
Rupees |
Rupees |
|
| Gross sales |
17,255,270,888 |
15,302,446,909 |
7,442,799,294 |
9,376,064,865 |
| Less: FED Sales Tax and SED |
(1,285,151,456) |
(894,571,833) |
(530,669,976) |
(641,656,733) |
|
————– |
————– |
————— |
————— |
|
| Net sales |
15,970,119,232 |
14,407,875,076 |
6,912,129,318 |
8,734,408,132 |
| Cost of sales |
(13,868,470,611) |
(11,243,598,584) |
(5,517,730,402) |
(6,935,763,624) |
|
————– |
————– |
————— |
————— |
|
| Gross profit |
2,101,648,621 |
3,164,276,492 |
1,394,398,916 |
1,798,644,508 |
| Administrative expenses |
(235,243,786) |
(193,472,788) |
(133,198,844) |
(113,152,756) |
| Distribution arid marketing expenses |
(12,092,945) |
(9,155,291) |
(8,043,604) |
(5,732,636) |
| Other operating expenses |
(186,448,977) |
(263,362,542) |
(123,617,151) |
(144,414,833) |
| Other operating income |
49,926,197 |
33,271,115 |
20,857,336 |
20,775,404 |
|
————– |
————– |
————— |
————— |
|
|
(383,859,511) |
(432,709,506) |
(244,002,263) |
(242,524,823) |
|
|
————– |
————– |
————— |
————— |
|
| Operating profit |
1,717,789,110 |
2,731,566,986 |
1,150,396,653 |
1,556,119,685 |
| Finance cost |
(502,968,334) |
(455,029,257) |
(279,397,755) |
(296,333,576) |
|
————– |
————– |
————— |
————— |
|
| Profit before taxation |
1,214,820,776 |
2,276,537,729 |
870,998,898 |
1,259,786,109 |
| Taxation |
(392,532,042) |
(920,302,584) |
(340,440,871) |
(595,056,461) |
|
————– |
————– |
————— |
————— |
|
| Profit after taxation |
822,288,734 |
1,356,235,145 |
530,558,027 |
664,729,648 |
|
————– |
————– |
————— |
————— |
|
| Basic earnings per share |
13.82 |
25.17 |
8.91 |
12.34 |
|
————– |
————– |
————— |
————— |
|
| Diluted earnings per share |
13.76 |
25.06 |
8.88 |
12.33 |
For more information, Contact:
Yours faithfully,
For JDW Sugar Mills Limited (JDWS)
Muhammad Rafique
Company Secretary
JDW Sugar Mills Limited
17-Abid Majeed Road,
Lahore Cant, Lahore.
PABX # 042-36664891-92, 36802573-74
Fax: 042-36854490