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Adam Sugar Mills Limited’s financial results for the quarter ended December 31, 2011 (un-audited)

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Karachi: We have to inform you that Board of Directors of our Company in their meeting held on Wednesday, January 25, 2012 at 11:30 a.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 follows:

 

Quarter ended

December 31

December 31

2011

2010

Rupees

Sales464,082,217179,049,564
Cost of sales458,955,372160,522,425
———–———–
Gross profit5,126,84518,527,139
Administrative expenses8,931,1287,121,810
Selling and distribution expenses623,546100,006
———–———–
9,454,6747,221,816
———–———–
Operating (loss)/ profit(4,327,829)11,305,323
Other operating Income3,240,6461,025,685
———–———–
(1,087,183)12,331,008
———–———–
Finance cost(2,495,756)(1,576,581)
Other operating expenses(850,839)
———–———–
(2,495,756)(2,427,420)
———–———–
(Loss)/profit before taxation(3,582,939)9,903,588
Taxation(4,640,822)(5,044,903)
———–———–
(Loss) /profit after taxation(8,223,761)4,858,685
———–———–
(Loss) /earning per share – basic and diluted(1.43)0.84

 

For more information, contact:
Adam Sugar Mills Limited
Haji Adam Chambers, P. O. Box 4274,
Altaf Hussain Road, New Challi,
Karachi-Pakistan
Phone: 32417812-16, 32401139-43
Fax: 32427560 / 32417907

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