Abdullah Shah Ghazi Sugar Mills Limited’s financial result for the period ended September 30, 2011
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:
| 2011 | 2010 | |
| Rupees | ||
| Sales – Net | 1,263,143,954 | 1,249,555,284 |
| Cost of sales | 1,078,193,692 | 1,112,091,919 |
| ————- | ————- | |
| Gross profit | 184,950,262 | 137,463,365 |
| OPERATING EXPENSES | ||
| Administrative and general expenses | 24,853,659 | 26,552,759 |
| Distribution expenses | 1,060,114 | 953,756 |
| ————- | ————- | |
| 25,913,773 | 27,506,515 | |
| ————- | ————- | |
| Operating profit | 159,036,489 | 109,956,850 |
| Finance cost | 142,014,898 | 78,401,304 |
| Workers’ profit participation fund | 1,044,580 | 2,045,387 |
| Workers’ welfare fund | 396,940 | 777,247 |
| ————- | ————- | |
| 143,456,418 | 81,223,938 | |
| ————- | ————- | |
| Profit for the year | 15,580,071 | 28,732,912 |
| Other income | 3,870,003 | 9,352,197 |
| ————- | ————- | |
| Profit before taxation | 19,450,074 | 38,085,109 |
| Provision for taxation | ||
| – Current | (12,631,440) | (12,495,553) |
| – Deferred | 2,312,107 | 16,156,535 |
| – Flood surcharge | (153,082) | – |
| ————- | ————- | |
| (10,472,415) | 3,660,982 | |
| ————- | ————- | |
| Profit after taxation | 8,977,659 | 41,746,091 |
| ————- | ————- | |
| Earnings per share – Basic and diluted | 0.11 | 0.53 |
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