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Habib Sugar Mills Limited’s condensed Interim financial results for the quarter ended December 31, 2011 (unaudited)

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, January 26, 2012 at 1.30 p.m., at Habib Sugar Mills Limited (HABSM), Imperial Court, Dr. Ziauddin Ahmed Road, Karachi, approved the following:

(i) Cash Dividend                                  Nil

And/ Or

(ii) Bonus Issue                                   Nil

And/ Or

(iii) Right Shares                                 Nil

And/ Or

(iv) Any Other Entitlement Corporate Action        N/A

And/ Or

(v) Any Other Price-Sensitive Informations         N/A

The financial results of the Company are as follows:

 

Dec 31,

Dec 31,

2011

2010

(Rupees in thousands)

Net sales and services748,1601,358,244
Cost of sales(620,900)(1,215,392)
——-———
Gross profit127,260142,852
Selling and distribution expenses(24,228)(24,085)
Administrative expenses(30,843)(27,890)
Other operating expenses(7,602)(9,156)
Other operating income5,5666,812
——-———
(57,105)(54,319)
——-———
Operating profit70,15588,533
Finance income/ (cost) – net30,84026,850
——-———
Profit before taxation100,995115,383
Taxation(28,000)(40,000)
——-———
Profit after taxation72,99575,383
——-———
(Restated)
Earnings per share Basic and diluted (Rupees)0.490.50

 

For more information, contact:
Cawas R. Sethna
Company Secretary
Habib Sugar Mills Limited
3rd /4th floor, Imperial Court,
Dr. Ziauddin Ahmed Road, Karachi-
Ph: (021) 35680036 (8 Lines)
Fax: (021) 35684086
E-mail: sugar@habib.com

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