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Tuesday, October 26th, 2021

Faran Sugar Mills Limited’s Financial Results For the Half Year Ended 31st March 2011

Be First!

Karachi: We have to inform you that the Board of Directors of our Company in their meeting at registered office of the Company, 2nd Floor Bank House No- 1, Habib Square, MA. Jinnah Road. Karachi recommended the following:

1. Cash Dividend      Nil

2. Bonus Issue           Nil

3. Right Issue            Nil

The Financial Results of the Company are as follows.

  Half Year Ended Qaurter Ended
Mar 2011 Mar 2010 Mar 2011 Mar 2010
Rupees Rupees
Sales – net 1,947,190,465 1,980,519,318 1,038,939,910 1,013,502,865
Cost of Sales (1,755,647,401) (1,848,658,277) (952,479,749) (1,001,693,565)
  ————– ————– ————– ————–
Gross profit 191,543,064 131,861,041 86,460,161 11,809,300
Operating expenses        
Administrative expenses (28,345,831) (23,541,253) (15,094,241) (13,179,753)
Distribution cost (5,836,645) (3,717,376) (5,002,791) (2,397,911)
Other charges (12,100,496) (8,280,242) (4,709,764) (536,428)
Other income 18,252,245 18,657,278 14,956,782 11,850,287
  ————– ————– ————– ————–
Operating profit 163,512,337 114,979,448 76,610,147 7,545,495
Share in profit of associate – net 29,367,667 8,510,053 23,554,265 (1,929,833)
  ————– ————– ————– ————–
192,880,004 123,489,501 100,164,412 5,615,662
Finance cost (21,301,805) (21,812,854) (20,147,626) (18,321,607)
  ————– ————– ————– ————–
Profit bafore tax 171,578,199 10,576,547 80,016,786 (12,705,945)
Taxation (22,652,121) (32,570,508) 2,027,525 (5,953,685)
  ————– ————– ————– ————–
Profit after tax 148,926,078 69,105,139 82,044,311 (18,659,630)
  ————– ————– ————– ————–
Earnings per share – basic and diluted 6.88 3.19 3.79 (0.86)
  ————– ————– ————– ————–

For more information, contact:

Muhammad Ayub

CFO and Company Secretary

Faran Sugar Mills Limited

3rd Floor, Bank House No.1 Habib Square,

M.A. Jinnah Road,

Karachi-74000

Pakistan

UAN: +9221 111-786-878

Fax: +9221 242-1010

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