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Wednesday, June 20th, 2018

Adam Sugar Mills Limited’s financial results for the third quarter ended 30 June, 2012

Be First!

Karachi, July 25, 2012 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held on Wednesday, 25 July, 2012 at 12:00 Noon at the registered office of the company recommended the following:

1) Cash Dividend Nil

2) Bonus Shares Nil

3) Right Shares Nil

The financial results of the Company are as follows:

For the Third Quarter Ended

Quarter Ended

Oct 2011,

Oct 2010,

Apr 2012,

Apr 2011,

Jun 2012

Jun 2011

Jun 2012

Jun 2011

Rupees

Rupees

Sales -net

1,209,228,040

2,320,565,243

529,364,956

121,452,357

Cost of sales

(1,029,927,678)

(2,103,935,954)

(502,645,755)

(114,021,889)

————-

————-

———–

———–

Gross profit

179,300,362

216,629,289

26,719,201

7,430,468

Administrative expenses

(33,531,792)

(24,439,528)

(12,874,591)

(6,419,966)

Selling expenses

(2,224,192)

(1,757,685)

(238,647)

(81,294)

————-

————-

———–

———–

(35,755,984)

(26,197,213)

(13,113,238)

(6,501,260)

————-

————-

———–

———–

Operating profit

143,544,378

190,432,076

13,605,963

929,208

Other Income

10,561,647

4,538,204

6,581,060

1,065,710

————-

————-

———–

———–

154,106,025

194,970,280

20,187,023

1,994,918

Financial Charges

(59,375,236)

(79,446,115)

(40,092,572)

(50,462,048)

Workers profit participation fund

(4,736,539)

(5,776,208)

2,004,629

2,423,357

workers’ welfare fund

(1,799,885)

(2,151,921)

358,018

1,147,676

————-

————-

———–

———–

(65,911,660)

(87,374,244)

(37,729,925)

(46,891,015)

————-

————-

———–

———–

Profit/ (loss) before taxation

88,194,365

107,596,036

(17,542,902)

(44,896,097)

Taxation
Current

(27,970,982)

(39,114,768)

7,348,522

17,473,315

Deferred

(2,617,510)

2,447,443

————-

————-

———–

———–

(30,648,492)

(36,667,325)

7,348,522

17,473,315

————-

————-

———–

———–

Profit/ (loss) after taxation

57,545,873

70,928,711

(10,194,380)

(27,422,782)

————-

————-

———–

———–

Earning per-share – basic and diluted

9.98

12.31

(1.77)

(4.76)

For more information, Contact:
Adam Sugar Mills Limited
Haji Adam Chambers, P. O. Box 4274,
Altaf Hussain Road, New Challi,
Karachi-Pakistan
Phone: 32417812-16, 32401139-43
Fax: 32427560 / 32417907

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