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Wednesday, September 30th, 2020

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

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Karachi: We have to inform you that Board of Directors of the company declared following financial results for the half year ended March 31, 2011 in their meeting held on Saturday, May 28, 2011 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:

  Half Year Ended Second quarter ended
March 31 March 31
2011 2010 2011 2010
Rupees in thousand
Sales – net 3,521,086 1,963,274 2,606,752 658,103
Cost of sales 3,095,283 1,752,607 2,374,089 645,375
  ——— ——— ——— ———
Gross Profit 425,803 210,667 232,663 12,728
Operatng expenses        
Administrative and general expense 58,286 48,874 32,643 25,216
Distribution and marketing expense 79,114 36,244 34,500 26,155
  ——— ——— ——— ———
137,400 85,118 67,143 51,371
——— ——— ——— ———
288,403 125,549 165,520 (38,643)
Other operating income 5,063 3,372 4,998 1,010
  ——— ——— ——— ———
Operating profit/(loss) 293,466 128,921 170,518 (37,633)
  ——— ——— ——— ———
Finance Cost 219,419 201,030 116,478 100,826
Workers’profit participation fund 3,702 2,702 (3,318)
  ——— ——— ——— ———
223,121 201,030 119,180 97,508
——— ——— ——— ———
Profit/(loss) before taxation 70,345 (72,109) 51,338 (135,141)
Provision for taxation 38,227 (9,471) 29,031 (17,100)
  ——— ——— ——— ———
Profit/(loss) for the period 32,118 (62,638) 22,307 (118,041)
  ——— ——— ——— ———
Earnings/(Loss) per share – basic        
(Rupees) 0.32 (0.63) 0.23 (1.19)
  ——— ——— ——— ———

Directors have not recommended Cash dividend, Bonus/Right shares.

For more information, contact:

Abdul Mansoor Khan

Company Secretary

Colony Sugar Mills Limited

Ismali Aiwan-e-Science Building,

205-Ferezepur Road,

Lahcre-54600,

Pakistan

Tel: +9242 111-Colony

Fax: +9242 576-3246

E-mail: info@colonysugar.com

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