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Tuesday, September 29th, 2020

Adam Sugar Mills Limited’s Financial Result For the Half Year Ended March 31, 2011

Be First!

Karachi: We have to inform you that Board of Directors of our Company in their Meeting held on Tuesday, May 24, 2011 at 12:00 p.m. at the registered office of the company recommended the following:

1) Cash Dividend                  NIL

2) Bonus Shares                    NIL

3) Right Shares                     NIL

The financial results of the Company are as following:

Half Year Ended Quarter Ended
March 31 March 31 March 31 March 31
2011 2010 2011 2010
Rupees Rupees
Sales – net 2,199,112,886 1,027,244,613 2,020,063,322 537,434,345
Cost of sales (1,989,914,065) (906,735,341) (1,829,391,640) (448,029,755)
————- ————- ————- ————-
Gross profit 209,198,821 120,509,272 190,671,682 89,404,590
Administrative expenses (18,019,562) (14,741,225) (10,897,752) (8,838,121)
Selling expenses (1,676,391) (870,852) (1,576,385) (705,372)
————- ————- ————- ————-
(19,695,853) (15,612,077) (12,474,137) (9,543,483)
————- ————- ————- ————-
Operating profit 189,502,868 104,897,195 178,197,545 79,861,097
Other operating income 3,472,494 7,477,348 2,446,809 366,613
————- ————- ————- ————-
192,975,362 112,374,543 180,644,354 80,227,710
Financial charges (28,984,067) (18,720,085) (27,407,486) (14,816,191)
Workers’ profit
participation fund (8,199,565) (4,682,723) (7,583,015) (3,270,577)
Workers’ welfare fund (3,299,597) (1,779,435) (3,065,308) (1,253,342)
————- ————- ————- ————-
(40,483,229) (25,182,243) (38,055,809) (19,340,110)
————- ————- ————- ————-
Profit before taxation 152,492,133 87,192,300 142,588,545 60,887,600
Taxation
Current (56,588,083) (29,881,083) (51,543,180) (27,432,032)
Deferred 2,447,443 (3,158,293) 2,447,443 (3,158,293)
————- ————- ————- ————-
(54,140,640) (33,039,376) (49,095,737) (30,590,325)
————- ————- ————- ————-
Profit after taxation 98,351,493 54,152,924 93,492,808 30,297,275
Earning per share – Basic and diluted 17.06 9.40 16.22 5.26

 

For more information, contact:

Chief Executive

Adam Sugar Mills Limited

Haji Adam Chambers,

P.O. Box 42-4,

Altaf Hussain Road,

New Challi,

Karachi-Pakistan

Telegrams: Sweet Sugar

Telex: 25183 ADAM PK

Fax: +9221 32427560



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