Skip to Content

Thursday, December 14th, 2017
Home / Company News / Archive by Category "Financial Results" (Page 164)

Category Archives: Financial Results

Sindh Abadgar’s Sugar Mills Limited’s Financial Results for the Half Year Ended 31st March 2011

Karachi: We are enclosing herewith a letter under sealed envelope covering Financial Results for half year ended 31st March, 2011 as approved by the board of Directors at its meeting held on 20th May, 2011 at 4:00 pm.

We have to inform you that the Board of Directors of our Company in their meeting held on Friday, the 20th May 2011 at 4:00 p.m. at its registered office 209, 2nd Floor. Progressive Plaza Beaumonl Road Karachi, recommended, the following:

(i) Cash Dividend

An Interim Cash Dividend for the period ended 31st March, 2011 at Rs.-Nil- per share i.e. -Nil-%. This is in addition to interim Dividend(s) already paid at Rs.-Nil- per share i.e. -Nil-%.

(ii) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus Shares in proportion of -Nil- share(s) for every –Nil- share(s) held i.e. -Nil-% This is in addition to the Interim Bonus Shares already issued @ -Nil-%.

AND/OR

 

(iii) Right Shares

The Board has recommended to issue -Nil-% Right Shares at par/at a discount premium of Rs. -Nil- per share in proportion of -Nil- share(s) for every -Nil, share(s). The entitlement of right shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

AND/OR

(iv) Any Other Entitlement / Corporate Action

AND/OR

(v) Any Other pries-Sensitive Information

The financial results of the Company are as follows:

 
For The Half Year Ended
For The Quarter Ended

 
March 31, 2011
March 31, 2010
March 31, 2011
March 31, 2010

 
Rupees

Sales – net
443,073,080
81,632,688
376,116,382
57,740,427

Cost of goods sold
(357,622,043)
(79,782,789)
(283,139,814)
(58,176,594)

 
———–
———–
———–
———–

Gross Profit (Loss)
85,451,037
1,849,899
92,976,568
(436,167)

 
———–
———–
———–
———–

Operating Expenses
 
 
 
 

Administrative expenses
(33,711,156)
(30,269,568)
(21,121,341)
(17,790,693)

Selling and distribution cost
(1,690,313)
(1,226,360)
(1,237,192)
(952,404)

 
———–
———–
———–
———–

 
(35,401,469)
(31,495,928)
(22,358,533)
(18,743,097)

 
———–
———–
———–
———–

Operating Profit/ (Loss)
50,049,568
(29,646,029)
70,618,035
(19,179,264)

Finance cost
(11,184,268)
(19,973,878)
(7,182,451)
(14,643,960)

Other income
4,974,646
1,452,914
3,353,866
771,823

 
———–
———–
———–
———–

 
(6,209,622)
(18,520,964)
(3,828,585)
(13,872,137)

Profit / (Loss) before taxation
43,839,946
(48,166,993)
66,789,450
(33,051,401)

Taxation – current
(22,625,742)
(895,663)
(22,625,742)

 
———–
———–
———–
———–

Profit / (Loss) after Taxation
21,214,204
(49,062,656)
44,163,708
(33,051,401)

 
———–
———–
———–
———–

Profit/(Loss) per share – basic and diluted
2.03
(4.71)
4.24
(3.17)

 
———–
———–
———–
———–

For more information, contact:

Deoo Mal Essarani

Chairman/Chief Executive

Sindh Abadgar’s Sugar Mills Limited

209, 2nd floor, Progressive Plaza,

Beaumonl Road, Karachi-Pakistan.

Tel: +9221 35638212-13

Fax: +9221 35638219

E-mail sasm@unitedgroup.org.pk

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

Karachi: We have to inform you that Board of Directors of our Company in their Meeting held at 10:30 a.m. on Monday, May 23, 2011 recommended the following:

(i) Interim Cash Dividend        Nil

(ii) Interim Bonus Share          Nil

(iii) Right Share                           Nil

The Half Yearly Results of the Company are as follows:

 
Quarter Ended
Half Yearly Ended

March 31, 2011
March 31, 2010
March 31, 2011
March 31, 2010

Rs.
Rs.
Rs.
Rs.

Sales – net
1,000,396,106
897,470,457
1,108,050,809
1,033,691,037

Less: Cost of Sales
(885,048,216)
(718,659,483)
(988,478,506)
(810,529,826)

 
————-
————-
————-
————-

Gross Profit
115,347,890
178,810,974
119,572,303
223,161,211

Operating Expenses:
 
 
 
 

Administrative Expenses
17,061,300
13,237,915
31,095,386
23,958,875

Distribution Costs
1,055,103
705,338
1,121,701
851,488

 
————-
————-
————-
————-

(18,116,403)
(13,943,253)
(32,217,087)
(24,810,363)

————-
————-
————-
————-

Operating Profit
97,231,487
164,867,721
87,355,216
198,350,848

Finance cost
(3,853,277)
(6,565,959)
(4,700,786)
(7,848,637)

Other (charges) / Income
(5,703,156)
(13,128,062)
(5,703,156)
(13,128,062)

 
————-
————-
————-
————-

(9,558,433)
(19,694,021)
(10,403,942)
(20,976,699)

————-
————-
————-
————-

Net profit before taxation
87,675,054
145,173,700
76,951,274
177,374,149

Taxation – current
(10,003,961)
(4,487,352)
(11,080,508)
(5,168,455)

 
————-
————-
————-
————-

Net profit after taxation
77,671,093
140,686,348
65,870,766
172,205,694

 
————-
————-
————-
————-

Earning per share-basic and diluted
5.51
9.98
4.67
12.21

 
————-
————-
————-
————-

For more information, contact:

Tariq Mahmood

Company Secretary

Mirza Sugar Mills Limited

10th floor, Block ‘B’ Building No. 1, Lakson Square,

Sarwar Shaheed Road,

Karachi.

Fax: +92297 861253

Tel: +92297 864107