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Mirza Sugar Mills Limited ‘s financial results for the quarter year ended December 31, 2011

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Karachi: We have to inform you that Board of Directors of our Company in their Meeting held at 10.30 a.m. on Thursday, January 19, 2012 recommended the following:

 

(i) Interim Cash Dividend          Nil

(ii) Interim Bonus Shares          Nil

(iii) Right Shares                 Nil

 

The Quarterly Results of the Company are as follows:

 

Quarter endedQuarter Ended
31-12-2011 (Rs.)31-12-2010 (Rs.)
Sales – net80,860,595107,654,703
Cost of sales(153,399,430)(103,430,289)
———–———–
Gross Profit/ (loss)(72,538,735)4,224,414
Operating Expenses:
Administration and General16,215,09114,034,086
Selling and Distribution27,05966,598
———–———–
(16,242,150)(14,100,684)
———–———–
Operating Profit / (loss)(88,780,885)(9,876,270)
———–———–
Financial charges(421,625)(847,509)
Other Income / (Charges)(5,796)0
———–———–
(427,421)(847,509)
———–———–
Profit / (Loss) before taxation(89,200,306)(10,723,779)
Provision for taxation:
Current(808,607)(1,076,547)
———–———–
Net Profit / (Loss) after taxation(90,016,913)(11,800,326)
———–———–
Earnings/ (Loss) per share – basic(6.38)(0.84)

 

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.
PABX: 5680151
Fax: (92-21) 5680183

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