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Tuesday, September 29th, 2020

Bawany Sugar Mills Limited’s Financial Results for the Three Months Ended December 31, 2011

Be First!

Karachi: We have to inform you that the director of the Company approved the accounts for the Three-Months period ended December 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.

  Three – months Period Ended
31 Dec 31 Dec
2010 2009
(Rupees)
Sales -Net
Toll Manufacturing Income 6,468,889
Cost of sales 93,610,823 43,972,198
  ———— ————
Gross (loss)/Profit (93,610,823) (37,503,309)
Distribution cost 1,500
Administrative expenses 2,511,096 2,555,742
  ———— ————
2,512,596 2,555,742
———— ————
Operating (Loss)/Profit (96,123,419) (40,059,051)
Other operating income 9,370,691 156,028
  ———— ————
(86,752,728) (39,903,023)
Financial cost 638,134 13,757,826
  ———— ————
(Loss)/Profit before taxation (87,390,862) (53,660,849)
Provision for Taxation (32,344)
  ———— ————
(Loss)/Profit after taxation (87,390,862) (53,693,193)
(Loss)/Earning per share (10.02) (6.15)

Financial Results for the Six Months Ended December 31, 2011

Dear Sir,

We have to inform you that the director of the Company approved the accounts for the Six-Months the period ended March 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.

  Six – months Period Ended three – months Period Ended
  31 March 31 March 31 March 31 March
  2011 2010 2011 2010
  (Rupees) (Rupees)
         
Sales 666,057,830 666,057,830  
Toll Manufacturing Income 100,335,030 93,866,141
Cross of Sales 622,683,191 116,637,793 529,072,368 72,665,595
  ———— ———— ———— ———–
Gross (loss)/Profit 43,374,639 (16,302,763) 136,985,462 21,200,546
Distribution cost 3,605,385 3,603,885
Administrative expenses 9,624,749 3,574,635 7, 112,153 1,018,893
  ———— ———— ———— ———–
13,230,134 3,574,635 10,716,038 1,018,893
———— ———— ———— ———–
Operating (loss)/Profit 30,144,505 (19,877,398) 126,269,424 20,181,653
Other operating income 9,457,689 237,745 86,998 81,717
  ———— ———— ———— ———–
39,602,194 (19,639,653) 126,356,422 20,263,370
Finance cost 65,222,107 36,670,884 64,583,973 22,913,058
  ———— ———— ———— ———–
(Loss)/Profit before taxation (25,619,913) (56,310,537) 61,772,449 (2,649,688)
Provision for taxation (6,660,578) (501,675) (6,660,578) (469,331)
  ———— ———— ———— ———–
(Loss)/Profit after taxation (32,280,491) (56,812,212) 55,111,871 (3,119,019)
(Loss)/Earning per share (3.70) (6.51) 6.32 (0.36)

For more information, contact:

Company Secretary

Bawany Sugar Mills Limited

1st Floor, Block-2,

Hockey Club of Pakistan Stadium,

Karaci-75350, Pakistan

UAN: +9221 111-606-447

Tel: +9221 35657781-6

Fax: +9221 35680533

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