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Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended December 31, 2012

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Karachi, March 04, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on March 02, 2012 at 04:00 pm, at 65-Infanty Road, Lahore 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-12

31-Dec-11

Rupees

Rupees

Sales

307,282,925

112,062,631

Cost of Sales

266,538,974

64,728,041

———–

———–

Gross Profit

40,743,951

47,334,590

Operating Expenses
Administrative and general expenses

4,312,165

5,389,894

Distribution expense

1,660,682

34,513

———–

———–

5,972,847

5,424,407

———–

———–

Operating Profit

34,771,104

41,910,183

Finance cost

30,160,309

33,814,020

Workers’ Profit Participation Fund

230,620

404,882

Workers’ Welfare Fund

92,248

161,953

———–

———–

30,483,177

34,380,855

———–

———–

Profit for the Period

4,287,927

7,529,328

Other Income

1,612

1,469

Profit before taxation

4,289,539

7,530,797

Provision for taxation
Current

(1,536,415)

(1,120,626)

Deferred

6,168,228

448,782

———–

———–

4,631,813

(671,844)

———–

———–

Profit after taxation

8,921,352

6,858,953

———–

———–

Earning per Share-Basic and diluted

0.11

0.09

For more information, contact:
Company Secretary
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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