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Pangrio 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 12.00 noon 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 – net172,226,342132,676,752
Cost of sales(225,929,027)(125,418,307)
Gross Profit / (loss)(53,702,685)7,258,445
Distribution expenses(259,329)(327,618)
Administrative expenses(10,950,537)(7,716,070)
Operating Profit / (Loss)(64,912,551)(785,244)
Finance cost(842,637)(878,453)
Other income3,467,035665,062
Profit / (Loss) before taxation(62,288,153)(998,634)
Net Profit / (Loss) for the period(64,010,416)(2,325,402)
Earnings / (Loss) per share – basic(5.90)(0.21)



For more information, contact:
M. Yunus Ansari
Company Secretary
Pangrio Sugar Mills Limited
10th Floor, Building No.1. Lakson Square,
Sarwar Shaheed Road, Karachi.
PABX: 5680151,
Fax: (92-21) 5680183


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