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Friday, September 17th, 2021

Dewan Sugar Mills Limited’s financial results for third quarter ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on July 25, 2011 at 04:00 pm at Karachi, Pakistan, recommended the following:

(1) Cash Dividend                             Nil

And/or

(2) Bonus Shares                               Nil

And/or

(3) Right Shares                                Nil

And/or

(4) Any Other Entitlement/Corporate Action    Nil

And/or

(5) Any Other Price-Sensitive Information     Nil

The un-audited financial results of the Company for the Nine Months and Third Quarter ended June 30, 2011 are as follows:

 

Nine Months Ended

Quarter Ended

June 30, 2011

June 30, 2010

June 30, 2011

June 30, 2010

(Rupees in ‘000’)

(Rupees in ‘000’)

Sales 3,163,284 4,306,969 782,832 342,780
Cost of Sales (3,168,821) (4,459,417) (754,251) (431,037)
Gross (Loss) / Profit (5,537) (152,448) 28,581 (88,257)
Administrative and General Expenses (51,068) (38,772) (30,819) (10,137)
Distribution and Selling Costs (28,948) (12,859) (17,042) (530)
Other Operating (Loss) / Income 849 911 248 (214)
(Loss) from Operations (84,704) (203,168) (19,032) (99,138)
Finance Cost (35,945) (5,912) (18,476) (110)
Impairment Profit /(Loss) charged 21,567 (29,827) 11,875 (5,733)
(Loss) before Income Tax (99,082) (238,907) (25,634) (104,981)
Taxation 35,798 33,421 40,022 (24,296)
(Loss)/Profit for the period (after Income tax) (63,284) (205,486) 14,388 (129,277)
(Loss)/Profit per Share – Basic (1.73) (5.63) 0.39 (3.54)

 

For more information, contact:
Muhammad Ilyas Abdul Sattar
Chief Financial Officer
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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