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Sunday, September 27th, 2020

Al-Abbas Sugar Mills Limited’s Financial Results for the Half Year Ended March 31, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, May 25, 2011 at 02:00 PM recommended “No Announcement for Any Entitlement”. The financial results of the Company are as follows:

Six Months Period Ended Quarter Ended
March 31,

2011

March 31,

2010

March 31,

2011

March 31,

2010

(Rupees in thousand)
Continuing operations        
Turnover 3,479,098 2,158,058 1,358,611 958,597
Cost of sales (3,041,954) (1,813,862) (1,086,576) (829,407)
  ———– ———– ———– ———
Gross profit 437,144 344,196 272,035 129,190
Distribution cost (47,893) (51,943) (28,744) (31,970)
Administrative expenses (55,666) (49,640) (32,229) (23,163)
Other operating expenses (15,843) (11,993) (10,017) 2,589
  ———– ———– ———– ———
(119,402) (113,576) (70,990) (52,544)
Operating profit 317,742 230,620 201,045 76,646
Finance cost (153,004) (152,848) (95,203) (96,393)
Other Operating income 36,211 38,450 16,498 31,339
  ———– ———– ———– ———
Profit before taxation 200,949 116,222 122,340 11,592
Taxation        
Current (34,879) (10,846) (13,674) (4,849)
Deferred (4,942) 2,507
  ———– ———– ———– ———
(34,879) (15,788) (13,674) (2,342)
———– ———– ———– ———
Profit after taxation from continuing        
operations 166,070 100,434 108,666 9,250
Discontinued operations        
Loss from discontinued operations (12,502) (12,502)
  ———– ———– ———– ———
Net profit for the year 153,568 100,434 96,164 9,250
  ———– ———– ———– ———
Basic and Diluted earnings per share-        
Rupees 8.84 5.78 5.54 0.53
  ———– ———– ———– ———

For more information, contact:

Zubair Ahmed Edhi

Manager Shares,

Zuhair Abbas

Chief Financial Officer

Al-Abbas Sugar Mills Limited

Pardesi House,

Survey No. 2/1, R.Y. 16

Old Queens Road

Karachi-74000

UAN: +9221 111-111-224

Fax: +9221 2470090

Purchase Department Fax: 2470096

E-mail: sugar@cyber.net.pk

Web: www.aasml.com

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