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Tuesday, September 29th, 2020

Noon Sugar Mills Limited’s Half Yearly Financial Results for the Period Ended 31 March 2011

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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 30 May, 2011 recommended the following:

1. Cash Dividend Nil
2. Bonus Issue Nil
3. Right Shares Nil
4. Any Other Entitlement, Corporate Action Nil
5. Any Other Price Sensitive Information Nil

The financial results of the Company are attached.

Condensed Interim Profit And Loss Account (Un-Audited) for the Quarter and Half Year Ended 31, March 2011

  for the 2nd Quarter Cumulative
  Jan – Mar Jan – Mar Oct – Mar Oct – Mar
  2011 2010 2011 2010
Note Rupees in thousand
         
Sales – Net 1,146,022 532,196 1,636,819 896,729
Cost of Sales 982,752 556,366 1,391,428 881,490
  ———- ———- ———- ———-
Gross Profit/ (Loss) 136,270 (24,170) 245,337 15,239
Distribution and Marketing Cost 22,861 11,094 25,181 12,510
Administrative Expenses 21,303 19,220 36,012 36,000
Other Operating Expenses 4,458 511 8,309 1,020
Other Operating Income (529) (530) (4,431) (1,238)
  ———- ———- ———- ———-
48,093 30,295 65,071 48,292
———- ———- ———- ———-
Profit / (Loss) From Operations 115,177 (54,465) 180,266 (33,053)
Finance Cost 51,971 29,842 76,249 48,844
  ———- ———- ———- ———-
Profit/ (Loss) Before Share of        
Profit from an Associated        
Company and Taxation 63,206 (84,307) 104,017 (81,897)
Associated Company – Net of taxation 2,212 4,802 2,212 4,802
  ———- ———- ———- ———-
Profit / (Loss) Before Taxation 65,418 (79,505) 106,229 (77,095)
Taxation                                          10 11,497 3,220 16,405 5,043
  ———- ———- ———- ———-
Profit / (loss) after taxation 53,921 (82,725) 89,824 (82,138)
Other comprehensive income 0 0 0 0
  ———- ———- ———- ———-
Total comprehensive income/        
(loss) for the period 53,921 (82,725) 89,824 (82,138)
  ———- ———- ———- ———-
Rupees      
Earnings / (Loss) Per Share 3.26 (5.01) 5.44 (4.97)
  ———- ———- ———- ———-

For more information, contact:

Syed Anwer Ali

Company Secretary

Noon Sugar Mills Limited

86- Garden Block,

New Garden Town,

Lahore

Tel: +9242 5831462-53

Fax: +9242 5831462

Website: www.noonsugar.com

E-mail: shares@noonsugar.com

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