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Saturday, May 26th, 2018

Pangrio Sugar Mills Limited’s financial results for the quarter ended June 30, 2013

Be First!

Karachi, July 24, 2013 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held at 12.00 noon on Wednesday, July 24, 2013, recommended the following:

(i) Interim Cash Dividend Nil
(ii) Interim Bonus Shares Nil
(iii) Right Shares Nil

The Quarterly Results of the Company are as follows:

                                                     Quarter Ended                         Nine Month Ended
                                               June 30,          June 30,            June 30,             June 30,
                                              2013 (Rs.)        2012 (Rs.)          2013 (Rs.)           2012 (Rs.)

Sales-net                                    24,423,796        115,066,759         136,269,491          518,492,635
Less: Cost of sales                         (34,580,260)      (134,159,857)       (209,523,549)        (603,036,977)
                                             ----------        -----------         -----------          -----------
Gross Profit/ (loss)                        (10,156,464)       (19,093,098)        (73,254,058)         (84,544,342)
Operating Expenses:
Administrative expenses                       6,377,093          8,937,958          22,108,297           31,218,589
Distribution                                      5,580            229,030             847,312            1,688,616
                                             ----------        -----------         -----------          -----------
                                             (6,382,673)        (9,166,988)        (22,955,609)         (32,907,205)
                                             ----------        -----------         -----------          -----------
Operating Profit/(loss)                     (16,539,137)       (28,260,086)        (96,209,667)        (117,451,547)
Other Charges:
Finance cost                                   (428,225)        (1,072,941)         (1,647,773)          (3,380,718)
Other Income (charges)                              0               (8,173)          1,401,949            4,287,728
                                             ----------        -----------         -----------          -----------
                                               (428,225)        (1,081,114)           (245,824)             907,010
                                             ----------        -----------         -----------          -----------
Net profit/ (loss) before taxation          (16,967,362)       (29,341,200)        (96,455,491)        (116,544,537)
                                                    -            1,441,796                 -             (2,592,463)
                                             ----------        -----------         -----------          -----------
Net profit/(loss) after taxation            (16,967,362)       (27,899,404)        (96,465,491)        (119,137,000)
                                             ----------        -----------         -----------          -----------
Earnings/(loss) per share-
basic and diluted                                 (1.56)             (2.57)              (8.89)              (10.98)
                                             ----------        -----------         -----------          -----------

For more information, contact:
M. Yonus Ansari
Company Secretary
Pangrio Sugar Mills Limited
10th Floor, Building No.1. Lakson Square,
Sarwar Shaheed Road, Karachi.
PABX: 5680151,
Fax: (92-21) 5680183

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