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Karachi, January 07, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, January 05, 2013 at 11:00 a.m. at the registered office; 101-1st Floor, Ocean Centre, Talpur Road, Karachi, approved the Audited Financial Statements of the Company for the year ended September 30, 2012 and decided not to declare any dividend because keeping in view the loss after taxation during the year and also factors stated under Review of the Performance of the Company, Review of Financial Results, Future Prospects mentioned in the Directors’ Report and the liquidity position as is evident from the Annual Financial Statements (2012) do not permit to recommend dividend for the year ended September 30, 2012.
The Financial Results of the Company are as follows.
|
Sep 30 |
Sep 30 |
|
|
2012 |
2011 |
|
|
(Rupees in ‘000) |
||
| Sales |
3,005,261 |
1,498,297 |
| Cost of sales |
2,809,749 |
1,252,341 |
| Gross profit |
195,512 |
245,956 |
| Distribution cost |
9,578 |
2,213 |
| Administrative expenses |
90,120 |
84.401 |
|
99,698 |
86,614 |
|
| Other operating expenses |
5,984 |
7,739 |
| Finance cost |
93,952 |
94,682 |
|
99,936 |
102,421 |
|
|
(4,122) |
56,921 |
|
| Other operating income |
3.698 |
7,423 |
| (Loss)/ Profit before taxation |
(424) |
64,344 |
| Taxation |
6,130 |
26,585 |
| (Loss)/ Profit after taxation |
(6,554) |
37,759 |
| Earning per share – Basic and diluted (Rupees) |
(0.55) |
3.16 |
The Annual General Meeting of Sanghar Sugar Mills Limited () will be held on Thursday, January 31, 2013 at 11:00 a.m. at Beach Luxury, Moulvi Tamizuddin Khan Road, Karachi.
For more information, contact:
Sanghar Sugar Mills Limited
101 – 1st Floor, Ocean Centre,
Talpur Road, Karachi – Pakistan.
Tel: 32427171-72, 32416554
Fax: (021) 32410700,
E-mail: ssml@cyber.net.pk