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Saturday, October 16th, 2021

Baba Farid Sugar Mills Limited’s Financial Results for the Second Quarter Ended March 31, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on May 27, 2011 at 11:00 a.m. at T-09, 3rd Floor, Hafeez Center, Main

Boulevard, Gulberg-III, and Lahore has approved the following financial results for the Half Year ended March 31, 2011 for onward dissemination to the members of the Exchange. The Dividend for the Quarter under review is regretfully passed over.

  Rupees Rupees
For the Half Year For the Quarter
March 31 March 31 March 31 March 31
2011 2010 2011 2010
Sales 118,004,098 657,593,181 59,953,378 513,587,325
Cost of Sales 110,853,895 779,186,411 54,111,674 619,566,513
  ———— ————- ———— ————-
7,150,203 (121,593,230) 5,841,704 (105,979,188)
Operating Expenses        
Distribution Costs 2,203,634 1,422,525 1,946,706 1,178,003
Administrative 16,611,913 28,414,712 9,039,951 16,717,991
Other Operating Expenses 302,990 224,490
  ———— ————- ———— ————-
18,815,547 30,140,227 10,986,657 18,120,484
Operating Loss (11,665,344) (151,733,457) (5,144,953) (124,099,672)
Finance Cost 86,489,386 15,965,394 48,976,182 6,019,146
  ———— ————- ———— ————-
(98,154,730) (167,698,851) (54,123,135) (132,118,818)
Other Operating Income 10,565 31,324 10,564 19,354
  ———— ————- ———— ————-
(Loss) / Profit Before Taxation (98,144,165) (167,667,527) (54,112,570) (132,099,464)
Taxation        
Deferred (20,543,759) 6,362,719 (20,543,759) 3,181,360
For the Period (1,159,229) (3,487,121) (578,722) (2,758,586)
  ———— ————- ———— ————-
(21,702,988) 2,875,598 (21,122,481) 428,774
———— ————- ———— ————-
(Loss) / Profit after Taxation (119,847,153) (164,791,929) (75,235,051) (131,676,690)
  ———— ————- ———— ————-
(Loss) / Earning per Share-Basic

And Diluted Rs.

(12.68) (17.44) (7.96) (13.93)
  ———— ————- ———— ————-

For more information, contact:

Muhammad Ibrahim

Company Secretary

Baba Farid Sugar Mills Limited

1st Floor, Panorama Centre # 2,

Raja Ghazanfar Ali Khan Road,

Saddar, Karachi.

UAN: +9221 111-133-280

Tel: +9221 35682178

Email: fecto@fecto.com

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