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Wednesday, October 27th, 2021

Mirza Sugar Mills Limited Financial’s Results for the Half Year Ended March 31, 2011

Be First!

Karachi: We have to inform you that Board of Directors of our Company in their Meeting held at 10:30 a.m. on Monday, May 23, 2011 recommended the following:

(i) Interim Cash Dividend        Nil

(ii) Interim Bonus Share          Nil

(iii) Right Share                           Nil

The Half Yearly Results of the Company are as follows:

  Quarter Ended Half Yearly Ended
March 31, 2011 March 31, 2010 March 31, 2011 March 31, 2010
Rs. Rs. Rs. Rs.
Sales – net 1,000,396,106 897,470,457 1,108,050,809 1,033,691,037
Less: Cost of Sales (885,048,216) (718,659,483) (988,478,506) (810,529,826)
  ————- ————- ————- ————-
Gross Profit 115,347,890 178,810,974 119,572,303 223,161,211
Operating Expenses:        
Administrative Expenses 17,061,300 13,237,915 31,095,386 23,958,875
Distribution Costs 1,055,103 705,338 1,121,701 851,488
  ————- ————- ————- ————-
(18,116,403) (13,943,253) (32,217,087) (24,810,363)
————- ————- ————- ————-
Operating Profit 97,231,487 164,867,721 87,355,216 198,350,848
Finance cost (3,853,277) (6,565,959) (4,700,786) (7,848,637)
Other (charges) / Income (5,703,156) (13,128,062) (5,703,156) (13,128,062)
  ————- ————- ————- ————-
(9,558,433) (19,694,021) (10,403,942) (20,976,699)
————- ————- ————- ————-
Net profit before taxation 87,675,054 145,173,700 76,951,274 177,374,149
Taxation – current (10,003,961) (4,487,352) (11,080,508) (5,168,455)
  ————- ————- ————- ————-
Net profit after taxation 77,671,093 140,686,348 65,870,766 172,205,694
  ————- ————- ————- ————-
Earning per share-basic and diluted 5.51 9.98 4.67 12.21
  ————- ————- ————- ————-

For more information, contact:

Tariq Mahmood

Company Secretary

Mirza Sugar Mills Limited

10th floor, Block ‘B’ Building No. 1, Lakson Square,

Sarwar Shaheed Road,

Karachi.

Fax: +92297 861253

Tel: +92297 864107

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