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Mirpurkhas Sugar Mills Limited’s financial results for the first quarter ended December 31, 2011

Be First!

Karachi: We have to inform you that the Board of Directors of the Company in its meeting held on Wednesday, January 25, 2012 at 11:50 a.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.

 

December 2011

December 2010

Rupees in 000

Turnover – net902,611675,480
Cost of Sales(858,582)(599,174)
———–————
Gross Profit44,02976,306
Distribution Cost(1,579)(694)
Administrative expenses(14,241)(19,056)
Other operating expenses(95)(2,853)
———–————
(15,915)(22,603)
Other operating income2,5011,489
———–————
Operating Profit30,61555,192
Finance Cost(31,601)(17,316)
———–————
(986)37,876
Share of Profit in an associate11,7705,813
———–————
Profit before taxation10,78443,689
Taxation
– Current(9,450)(9,887)
– Deferred20,733
———–————
11,283(9,887)
———–————
Profit after taxation22,06733,802
———–————
Earning per share – basic (Rupees)2.624.00

 

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: 111-354-111
Tel: (92-021) 35682565-67- 35682569-70
Fax: (92-021) 35682839- 35688036
E-mail: msmho@gfg.com.pk

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