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Wednesday, November 25th, 2020

Faran Sugar Mills Limited’s financial result for the year ended 30th September 2012

Be First!

Karachi, January 09, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on 8th January, 2013 at 3:00 P.M. at our registered office of the Company, 2nd Floor Bank House No. 1 Habib Square, M.A. Jinnah Road, Karachi recommended the followings:

Cash Dividend:

Cash Dividend for the year ended September 30, 2012 at Rs. 1.00 per share i.e. 10%.

Bonus Share:

Bonus Share for the year ended September 30, 2012 proportion of the 10 shares for every 100 share(s) held i.e. 10%. The certificate of free reserves by statutory auditor will be submitted in due course of time.

Right Shares

NIL

The financial results of the company are as follows:

2012

2011

Rupees

Sales – net

4,100,626,649

3,855,074,526

Cost of Sales

(3,787,506,928)

(3,442,701,348)

—————

—————

Gross Profit

31,311,9721

41,237,3178

Operating Expenses
Administrative Expenses

(7,0217,151)

(55,844,967)

Distribution Cost

(16,649,169)

(9,093,537)

—————

—————

(86,866,320)

(64,938,504)

—————

—————

Operating Profit

226,253,401

347,434,674

Other charges

(17,468,897)

(21,862,452)

Other income

41,657,831

43,063,544

—————

—————

25,044,2335

268,635,766

Share in profit of associate – net

170,898,160

40,783,369

—————

—————

421,340,495

409,419,135

Finance Cost

(52,174,865)

(99,118,414)

—————

—————

Profit before taxation

369,165,630

310,300,721

Taxation

(64,370,465)

(75,964,972)

—————

—————

Profit after taxation

304,795,165

234,335,749

—————

—————

Earning per share – basic and diluted

14.08

10.82

For more information, contact:
Faran Sugar Mills Limited
3rd Floor,
Bank House No.1 Habib Square,
M.A. Jinnah Road,
Karachi – 74000, Pakistan.
U.A.N: 111-786-878,
Fax: (92-21) 3242-1010

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