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Saturday, September 26th, 2020

Dewan Sugar Mills Limited’s Financial Results for the Half Yearly, Un-audited, condensed interim Financial Statements of the Company for the period ended March, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Friday, May 27, 2011 at 05:00 p.m. at Karachi, recommended the following:

(1) Cash Dividend and/or Nil
(2) Bonus Shares and/or Nil
(3) Right Shares and/or Nil
(4) Any Other Entitlement/Corporate Action and/or Nil
(5) Any Other Price-Sensitive Information Nil

The Half Yearly, un-audited, condensed Interim Financial Statements of the Company for the period ended March 31, 2011, are as follows:

  Half Year Ended Quarter Ended
Mar. 31, 2011 Mar. 31, 2010 Mar. 31, 2011 Mar. 31, 2010
———–(Rupees in ’000′)—— —–(Rupees in ’000′)——–
Sales 2,380,452 3,964,189 2,380,452 3,235,862
Cost of Sales (2,414,570) (4,028,379) (2,233,163) (3,351,104)
  ———– ———– ———– ———–
Gross (Loss)/ Profit (34,118) (64,190) 147,289 (115,242)
Administrative and General Expenses (20,249) (28,635) (10,964) (18,848)
Distribution and Selling Costs (11,906) (12,329) (11,749) (2,487)
Other Operating (Loss)/Income 601 1,125 601 1,031
  ———– ———– ———– ———–
(Loss)/Profit from Operations (65,672) (104,029) 125,177 (135,546)
Finance Cost (17,469) (5,802) (17,233) (4,215)
Impairment Profit/(Loss) charged 9,692 (24,094) (3,550) 8,190
  ———– ———– ———– ———–
(Loss)/ Profit before Income Tax (73,449) (133,925) 104,394 (131,571)
Taxation (4,224) 57,717 (31,630) 59,748
  ———– ———– ———– ———–
Loss / Profit for the period (after Income Tax) (77,673) (76,208) 72,764 (71,823)
  ———– ———– ———– ———–
Loss / Profit per Share – Basic (2.13) (2.09) 1.99 (1.97)
  ———– ———– ———– ———–

For more information, contact:

Muhammad Ilayas Abdul Sattar

Chief Financial Officer

Muhammad Hanif German

Manager Group Corporate Affairs

Dewan Sugar Mills Limited

Finance and Trade Centre (FTC),

7th Floor, Block-A,

Shahra-e-Faisal Karachi-Pakistan.

UAN: +9221 111-364-111,

Fax: +9221 5630860,

Web: www.dewangroup.com.pk

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