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Thursday, June 21st, 2018

Baba Farid Sugar Mills Limited’s financial results for the nine months and quarter ended June 30, 2013

Be First!

Karachi, August 01, 2013 (PPI-OT): 1. We have to inform you that the Board of Directors of our Company in their meeting he1d on Wednesday, July 31, 2013 at 10:30 am at T-09, 3rd floor, Hafeez Centre, Gulberg III, Lahore recommended the following.

a. Cash Dividend Nil
b. Bonus Shares Nil
c. Right Shares Nil

2. The Financial results of the company are being attached as Annexure “A”

3. We will be sending you 300 copies of printed accounts for distribution amongst the members of the exchange in due course of time.

Annexure “A”
Nine Months Ended                            Quarter Ended
June 30, 2013        June 30, 2012         June 30, 2013        June 30, 2012
Note       Rupees               Rupees                 Rupees              Rupees
Sales-net                             6     1,411,214,997         1,478,934,992           636,115,255         451,470,714
Cost of sales                         7     1,381,682,070         1,397,031,801           652,147,323         448,389,905
-------------         -------------           -----------         -----------
Gross profit/ (Loss)                           29,532,927            81,903,191           (16,032,068)          3,080,809
Distribution costs                             50,173,196             3,086,649             9,672,666           2,503,462
Administrative expenses                        20,772,746            19,350,358             5,489,886           2,222,203
-------------         -------------           -----------         -----------
70,945,942            22,437,007            15,162,552           4,725,665
-------------         -------------           -----------         -----------
Operating (loss)/ profit                      (41,413,015)           59,466,184           (31,194,620)         (1,644,856)
Finance costs                                 137,484,023           138,948,764            49,701,371          15,344,340
-------------         -------------           -----------         -----------
(178,897,038)          (79,482,580)          (80,895,991)        (16,989,196)
Other operating income                            253,525                 2,720                 5,500               1,250
-------------         -------------           -----------         -----------
(Loss) before taxation                       (178,643,513)          (79,479,860)          (80,890,491)        (16,987,946)
Taxation
- Deferred                                    (12,222,446)           20,523,943            (6,657,710)          4,915,123
- Current                                      16,055,500           (34,789,350)            8,925,503          (3,447,426)
-------------         -------------           -----------         -----------
3,833,054             5,734,593             2,267,793           1,467,697
-------------         -------------           -----------         -----------
(Loss) after taxation                        (182,476,567)          (73,745,267)          (83,158,284)        (15,520,249)
-------------         -------------           -----------         -----------
(Loss) per share-basic and diluted                 (19.31)                (7.80)                (8.80)              (1.64)
-------------         -------------           -----------         -----------

For more information, contact:
Muhammad Ibrahim
Company Secretary
Baba Farid Sugar Mills Limited
1st Floor, Panorama Centre #2,
Raja Ghazanfar Ali Khan Road, Saddar, Karachi,
UAN: 111-133-280
Phones: 35682178-35662991
Fax: 35683800- 35684709
Website: www.fecto.com
Email: fecto@tecto.com

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