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Karachi, August 01, 2013 (PPI-OT): We have to inform you that the Board of Directors in their meeting held on 03:00 p.m. on July 31, 2013 recommended the following:-
i) Cash Dividend
No Cash Dividend has been recommended.
ii) Bonus Issue
No Bonus Shares have been recommended.
iii) Right Shares
No Right Shares at par or at premium have been recommended.
The financial results of the Company are as follows:
Nine Months Period Ended Quarter Ended
2013 2012 2013 2012
(Rupees) (Rupees) (Rupees) (Rupees)
Sales-Net 9,723,218,964 5,052,923,567 5,581,708,888 1,641,358,553
Cost of Sale (8,749,477,024) (4,579,544,844) (5,060,777,155) (1,281,821,612)
------------- ------------- ------------- -------------
Gross Profit 973,741,940 473,378,723 520,931,733 359,536,941
------------- ------------- ------------- -------------
Administrative expenses (210,319,877) (190,510,641) (66,262,937) (57,760,574)
Distribution expenses (157,785,805) (111,767,211) (39,457,311) (43,042,388)
Other income 5,602,495 10,008,430 1,698,486 1,022,827
------------- ------------- ------------- -------------
(362,503,187) (292,269,422) (104,021,762) (99,780,135)
------------- ------------- ------------- -------------
Profit from operations 611,238,753 181,109,301 418,909,971 259,756,806
Finance cost (489,331,796) (414,028,690) (187,487,090) (185,169,748)
------------- ------------- ------------- -------------
Profit/ (Loss) before taxation 121,906,957 (232,919,389) 229,422,881 74,587,058
Taxation (69,244,057) (50,529,238) (44,611,310) (16,413,586)
------------- ------------- ------------- -------------
Profit/ (Loss) after taxation 52,662,900 (283,448,625) 184,811,571 58,173,472
------------- ------------- ------------- -------------
Earnings per share 0.447 (2.408) 1.570 0.494
We will be sending you 300 copies of printed accounts for distribution among the members of the Exchange in due course of time.
For more information, contact:
Ahmed Jehanzeb Khan
Company Secretary
Tandlianwala Sugar Mills Limited
32-N, Gulberg-II, Industrial Area,
Lahore, 54660, Pakistan,
Ph: +92-42-35712901, 35763115, 35761124
Fax: +92-42-35710929, 35710605
E-mail: tsmlho@yahoo.com