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Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended December 31, 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 31, 2012 at 04:00 pm, at its registered office of company recommended the following:

(i) Cash Dividend                                  Nil

And / Or

(ii) Bonus Shares                                  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:

 

31-Dec-1131-Dec-10
RupeesRupees
Sales112,062,631364,910,171
Cost of Sales64,728,041209,454,825
———–———–
Gross Profit47,334,590155,455,346
Operating Expenses
Administrative and general expenses5,389,8945,404,319
Distribution expense34,513108,705
———–———–
5,424,4075,513,024
———–———–
Operating Profit41,910,183149,942,322
Finance cost33,814,02018,077,638
Workers’ Profit Participation Fund404,8826,593,234
Workers Welfare Fund161,9532,637,294
———–———–
34,380,85427,308,166
———–———–
Profit for the year7,529,328122,634,156
Other Income1,469
Profit before taxation7,530,797122,634,156
Provision for taxation
-Current(1,120,626)(3,649,102)
-Deferred448,782513,933
———–———–
(671,844)(3,135,169)
———–———–
Profit after taxation6,858,953119,498,987
———–———–
Earnings Per Share-Basic and diluted0.091.51

 

 

For more information, Contact
Abdullah Shah Ghazi Sugar Mills Limited
(Formerly Al-Asif Sugar Mills Limited)
Head Office: 65- Infantry Road Lahore.
Ph #: 92-42-36834016-22
Fax: +92-42-36811253
Email: info@maccagroup.com

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