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Faran Sugar Mills Limited’s financial result for the 1st quarter ended 31st December 2012

Be First!

Karachi, January 30, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on 29th January, 2013 at 4:00 P.M at our registered office of the Company. 2nd Floor Bank House No.1, Habib Square, M. A. Jinnah Road Karachi recommended the following:

(i) Cash Dividend              Nil

(ii) Bonus Issue               Nil

(iii) Right Issue              Nil

The financial results of the Company are as follows:

Dec 31-2012

Dec 31-2011

Rupees

Sales – net

774,191,027

1,615,527,630

Cost of sales

(740,930,662)

(1,547,273,026)

———–

————-

Gross profit

33,260,365

68,254,604

Operating expenses
Administrative expenses

(17,113,118)

(15,850,146)

Selling and Distribution cost

(13,272,592)

(717,195)

———–

————-

Operating profit

2,874,655

51,677,263

Other charges

(1,675,236)

(3,856,996)

Other Income

4,037,383

10,785,203

———–

————-

5,236,802

56,605,470

Share in profit of associate – net

55,133,333

11,769,667

———–

————-

60,370,135

70,375,137

Finance cost

(7,990,622)

(7,830,756)

———–

————-

Profit before tax

52,379,513

62,544,381

Taxation

(5,752,896)

(16,265,844)

———–

————-

Profit after tax

46,626,617

46,278,537

———–

————-

Earnings per share – basic and diluted

2.15

2.14

For more information, contact:
Faran Sugar Mills Limited
3rd Floor, Bank House No. 1,
Habib Square M.A. Jinnah Road,
Karachi – 74000, Pakistan
UAN: 111-786-878
Fax: (92-21) 3242-1010
URL: www.faran.com.pk, www.bawany.com.pk
E-mail: info@faran.com.pk

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