Karachi: We have to inform you that Board of Directors of our Company in their meeting held on Thursday, 26th May 2011 at 4.00 p.m. recommended the following:
i) CASH DIVIDEND
Cash Dividend for the Half Year ended 31st March 2011 @ Re.NIL per share. Interim Dividend has already been paid at Rs. NIL per share i.e. NIL %.
2) Bonus Issue:
It has also been recommended by the Board of Directors to issue Bonus Share in the proportion of NIL shares for every NIL share held i.e. NIL %. Thus Bonus Share will be entitled/not entitled for the Right Share.
iii) Right Shares
The Board also recommended ti issue NIL% Right Shares at par/at a perium of Rs.NIL per share in proportion of NIL shares for every NIL shares.
The profit and loss Accounts for the period ended 31st March 2011 is annexed herewith.
For the half year | For the Quarter | |||
October to March | January to March | |||
2011 | 2010 | 2011 | 2010 | |
Sales | 2,383,840 | 1,607,683 | 1,533,929 | 642,652 |
Cost of Sales | (1,898,533) | (1,329,971) | (1,165,691) | (577,095) |
——— | ——— | ——— | ——– | |
Gross Profit | 485,307 | 277,712 | 368,238 | 65,557 |
Distribution expenses | (42,397) | (32,042) | (31,732) | (16,662) |
Administration expenses | (55,649) | (54,373) | (30,358) | (32,420) |
Other Operating Charges | (23,413) | (5,575) | (21,553) | (862) |
——— | ——— | ——— | ——– | |
(121,459) | (91,990) | (83,643) | (49,944) | |
——— | ——— | ——— | ——– | |
Profit from operations | 363,848 | 185,722 | 284,595 | 15,613 |
Other Operating Income | 2,992 | 1,166 | 2,955 | 3,713 |
——— | ——— | ——— | ——– | |
366,840 | 186,888 | 287,550 | 19,326 | |
Finance Cost | (185,023) | (157,064) | (128,821) | (104,744) |
——— | ——— | ——— | ——– | |
Profit / (Loss) before taxation | 181,817 | 29,824 | 158,729 | (85,418) |
Taxation | (91,616) | (8,251) | (70,211) | 18,794 |
——— | ——— | ——— | ——– | |
Profit / (Loss) after taxation | 90,201 | 21,573 | 88,518 | (66,624) |
——— | ——— | ——— | ——– | |
Earning per share-Based and | ||||
Diluted-Rupees | 4.27 | 1.02 | 4.19 | -3.15 |
For more information, contact:
M.Yasin Mughal
Company Secretary
Shahmurad Sugar Mills Limited
96-A, Sindhi Muslim Housing Society,
Karachi-74000, Pakistan
Tel: +9221 34550161-63
Fax: +9221 34556675
E-mail: alnoor@dispuls.net.pk