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Friday, September 24th, 2021

Mirpurkhas Sugar Mills Limited’s Financial Results for the Half Year ended March 31, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of the company in its meeting held on Thursday, May 26, 2011 at 3.30 p.m. at the Registered Office of the Company at Modern Motors House, Beaumont Road, Karachi, has recommended the following:

(i) Cash Dividend Nil
(ii) Bonus Issue Nil
(iii) Right Issue Nil

The financial results of the Company are as follows:

  Half Year ended Quarter ended
March,31, 2011

 

March, 31, 2010

 

March, 31, 2011

 

March, 31, 2010

 

(Rupees’000) (Rupees ’000) (Rupees’000) (Rupees `000)
Turnover-net 1,225,841 1,161,573 550,361 472,094
Cost of sales (1,057,906) (1,068,399) (458,732) (458,477)
  ——— ——— ——— ———
Gross profit 167,935 93,174 91,629 13,617
  ——— ——— ——— ———
Distribution cost (2,075) (2,965) (1,381) (1,145)
Administrative expenses (43,451) (34,789) (24,395) (20,714)
Other operatintg expenses (4,568) (1,182) (1,715) 2,772
  ——— ——— ——— ———
(50,094) (38,936) (27,491) (19,087)
Other operating income 3,388 1,018 1,899 395
  ——— ——— ——— ———
Operating profit/(loss) 121,229 55,256 66,037 (5,075)
Finance cost (64,558) (42,615) (47,242) (33,443)
  ——— ——— ——— ———
56,671 12,641 18,795 (38,518)
Share of Profit/(loss) in an associate 29,368 8,510 23,555 (1,695)
  ——— ——— ——— ———
Profif/(loss) before taxation 86,039 21,151 42,350 40,213)
Taxahon ——— ——— ——— ———
Current (20,496) (6,649) (10,609) 2,237
Deferred 7,203 10,834
  ——— ——— ——— ———
(20,496) 554 (10,609) 13,071
Profit/(loss) after taxation 65,543 21,705 31,741 (27,142)
  ——— ——— ——— ———
Earning per Share Basic Rs. 7.77 Rs. 2.57 Rs. 3.76 Rs. (3.22)
  ——— ——— ——— ———

For more information, contact:

Aslam Faruque

Chief Executive

Mirpurkhas Sugar Mills Limited

Modern motors house, Beaumont Road,

P.O. Box 5379 Karachi-75530,

Pakistan.

UAN: +9221 111-354-111

Tel: +9221 35682565-67

Fax: +9221 35682839

E-mail: msmho@gfg.com.pk

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