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Abdullah Shah Ghazi Sugar Mills Limited’s financial result for the period ended September 30, 2011

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Karachi: We have to inform you that the Board of  Directors of our company in their meeting held on January 09, 2012 at 10:00 am, at its registered office of company recommended the following:

(i) Cash Dividend                              NIL

And/ Or

(ii) Bonus Share                               NIL

And/ Or

(iii) Right Shares                             NIL

And/ Or

(iv) Any Other Entitlement/ Corporate Action   NIL

And/ Or

(v) Any Other Price-Sensitive Information      Not Applicable

The financial results of Company are as follows:

 

20112010
Rupees
Sales – Net1,263,143,9541,249,555,284
Cost of sales1,078,193,6921,112,091,919
————-————-
Gross profit184,950,262137,463,365
OPERATING EXPENSES
Administrative and general expenses24,853,65926,552,759
Distribution expenses1,060,114953,756
————-————-
25,913,77327,506,515
————-————-
Operating profit159,036,489109,956,850
Finance cost142,014,89878,401,304
Workers’ profit participation fund1,044,5802,045,387
Workers’ welfare fund396,940777,247
————-————-
143,456,41881,223,938
————-————-
Profit for the year15,580,07128,732,912
Other income3,870,0039,352,197
————-————-
Profit before taxation19,450,07438,085,109
Provision for taxation
– Current(12,631,440)(12,495,553)
– Deferred2,312,10716,156,535
– Flood surcharge(153,082)
————-————-
(10,472,415)3,660,982
————-————-
Profit after taxation8,977,65941,746,091
————-————-
Earnings per share – Basic and diluted0.110.53

 

For more information, contact:
Abdullah Shah Ghazi Sugar Mills Limited
Works: Abdullah Shah Ghazi Road,
P.O. Gharo, District Thatta
Tel: 0298-610009 0298
Fax 0298-620696
65-Infantry Road, Lahore.
Ph #: 92-42-36834016-22
Fax: +92-42-36811253
Email: info@maccagroup.com

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