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Karachi, May 22, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held today the 22nd May, 2013 at 11.00 A.M. have not recommended any cash dividend or any other benefit.
The financial results of the Company are as follows:
Six Month Period Ended Three Month period Ended
March 31, March 31,
2013 2012 2013 2012
(Rupees in thousands) Rupees in thousands
Sales-net 2,382,050 2,807,894 1,644,995 1,681,441
Cost of sales 2,278,214 2,541,881 1,579,997 1,530,541
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Gross Profit 103,836 266,013 64,998 150,900
Distribution cost 5,753 6,547 4,312 4,556
Administrative expenses 94,860 92,038 56,940 56,682
Other operating expenses 2,051 12,466 383 5,912
Other operating income (13,423) (12,376) (1,281) (7,444)
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89,241 98,675 60,354 59,706
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Operating profit 14,595 167,338 4,644 91,194
Finance Cost 19,382 22,582 19,222 22,349
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(4,787) 144,756 (14,578) (68,845)
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Shares of profit in associates - net 5,297 2,802 5,297 2,802
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Profit/ (loss) before taxation 510 147,558 (9,281) (71,647)
Taxation 9,235 50,881 5,808 23,881
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Net (loss)/ profit for the period (8,725) 96,677 (15,089) 47,766
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(Loss) earnings per ordinary share-
Basic and Diluted (Rupees) (0.73) 8.05 (1.26) 3.98
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We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.
For more information, contact:
Jamil Ahmad Butt
Company Secretary
Shahtaj Sugar Mills Limited
19, Dockyard Road, West Wharf,
P.O. Box No. 4766, Karachi – 74000 (Pakistan)
Phones: (92-21) 32313934-368, 32312834, 32310973
Fax: (92-21) 32310623, 32205723
E-mail: jamilbutt@shahtaj.com