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Wednesday, September 23rd, 2020

Crescent Sugar Mills and Distillery Limited’s Financial Result for the Quarter and Six Months Ended March 31, 2011

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Karachi: We have to inform you that the Board of Directors of Crescent Sugar Mills and Distillery Limited (CSMD) in their Meeting held today at 10:30 a.m. at Faisalabad have recommended the following:

1. Cash Dividend:

An Interim Cash Dividend for the quarter ended March 31, 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 %.

2. Bonus Shares:

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

3. Right Shares:

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

The financial results of the Company arc as follows:-

    (Rupees in 000)
Half Year QUARTER
Ended Ended Ended Ended
March 31 March31 March 31 March 31
2011 2010 2011 2010
Continuing operations:        
Sales 2,378,591 1,204,263 1,284,750 607,956
Cost of sales 2,164,354 1,036,216 1,180,555 502,979
  ——— ——— ——— ———
Gross Profit 217,237 168,047 104,195 104,977
Distribution Cost 50,309 23,110 25,660 8,371
Administrative Expenses 28,386 20,601 15,974 10,612
Other Operating Expenses 6,672 901 3,584 901
  ——— ——— ——— ———
85,367 44,612 45,218 19,884
——— ——— ——— ———
131,870 123,435 58,977 85,093
Other Operating Income 23,013 419 247 92
  ——— ——— ——— ———
Profit from Operations 154,883 123,854 59,224 85,185
Finance Cost 34,903 28,998 19,802 14,880
  ——— ——— ——— ———
Profit before Taxation 119,980 94,856 39,422 70,305
Provision for Taxation 24,199 7,733 18,069 4,338
  ——— ——— ——— ———
Profit After Taxation from        
Continuing Operations 95,781 87,123 21,353 65,967
Discontinued Operations:        
Loss/Profit After Taxation

From Discontinued Operations

21,676 78,105 22,466 64,607
  ——— ——— ——— ———
Profit After Taxation 74,105 9,018 43,819 1,360
Earning Per Share-Basic And

Diluted (Rupees) Continuing Operations

4.48 04.08 1.00 3.09
  ——— ——— ——— ———
Discontinued Operations (1.01) (3.65) 1.05 (3.02)
  ——— ——— ——— ———

For more information, contact:

Sami Ullah Ch.

Company Secretary

Crescent Sugar Mills and Distillery Limited

New Lahore Road,

Post Box No. 11,

Faisalabad – Pakistan

Tel: +9241 8752111-14

Fax: +9241 8750366

Email: info@crescentsugar.com

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