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Friday, September 25th, 2020

Mirpurkhas Sugar Mills Limited’s financial results for the nine months period ended June 30, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of the Company in its meeting held on Tuesday, July 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:

 

(1) Cash Dividend Nil
(2) Bonus Issue Nil
(3) Right Issue Nil

The financial results of the Company are as follows:

Period Ended

Quarter Ended

June 30, 2011

June 30, 2010

June 30, 2011

June  30, 2010

(Rupees ‘000′)

(Rupees ‘000′)

Turnover – net 2,425,701 2,081,462 1,199,860 919,889
Cost of sales (2,034,736) (1,861,573) (976,830) (793,174)
——— ——— ——— ——–
Gross Profit 390,965 219,889 223,030 126,715
Distribution cost (3,818) (3,914) (1,743) (949)
Administrative expenses (62,300) (50,749) (18,849) (15,960)
Other operating expenses (18,528) (6,011) (10,960) (4,829)
——— ——— ——— ——–
(81,646) (60,674) (31,552) (21,738)
Other Operating Income 3,518 1,634 130 616
——— ——— ——— ——–
Operating profit 312,837 160,849 191,608 105,593
Finance cost (108,971) (84,856) (44,413) (42,241)
——— ——— ——— ——–
Share of profit in an associate 208,866 75,993 147,195 (63,352)
Profit before taxation 41,045 16,680 11,677 8,170
——— ——— ——— ——–
244,911 92,673 158,872 71,522
Taxation
– Current (27,173) (11,523) (6,677) (4,874)
– Deferred (31,023) (38,226)
——— ——— ——— ——–
(27,173) (42,546) (6,677) (43,100)
——— ——— ——— ——–
Profit after taxation 217,738 50,127 152,195 28,422
——— ——— ——— ——–
Earnings per share–Basic- (Rupees) 25.82 5.94 18.05  3.37

For more information, contact:
Aslam Faruque
Chief Executive
Mirpurkhas Sugar Mills Limited
Modren Motors House, Beaumont Road,
P.O.Box 5379 Karachi-75530, Pakistan.
UAN: +9221 111-354-111
Tel: +9221 3568565-67
Fax: +9221 35682839
Email: msm@gfg.com.pk

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