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PPI Original Text (PPI-OT) – Noon Sugar Mills Limited’s half yearly financial results for the period ended 31 March, 2012

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Karachi, May 28, 2012 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 28 May, 2012 recommended the following:

(i) Cash Dividend                                         Nil

(ii) Bonus Issue                                          Nil

(iii) Right Shares                                        Nil

(iv) Any Other Entitlement / Corporate Action             Nil

(v) Any Other Price Sensitive Information                 Nil

The financial results of the Company are attached.

Condensed Interim Profit and Loss Account (Unaudited) for the Quarter and Half-Year Ended 31 March, 2012

For the 2nd Quarter

Cumulative

Jan – Mar

Jan – Mar

Oct – Mar

Oct – Mar

2012

2011

2012

2011

(Rupees in thousand)

Sales – net

1,220,447

1,146,022

2,864,463

1,636,819

Cost of Sales

1,061,387

982,752

2,686,679

1,391,482

———

———

———

———

Gross Profit

159,060

163,270

177,784

245,337

Distribution and Marketing Expenses

14,288

22,861

24,118

25,151

Administrative Expenses

22,938

21,303

40,468

36,012

Other Operating Expenses

5,777

4,458

5,777

8,309

Other Operating Income

(7,737)

(529)

(8,901)

(4,431)

———

———

———

———

35,266

48,093

61,462

65,071

———

———

———

———

Profit from Operations

123,794

115,177

116,322

180,266

Finance Cost

29,692

51,971

59,661

76,249

———

———

———

———

Profit for the Period before Share of
Profit of an Associated Company
and Taxation

94,102

63,206

56,661

104,017

Share of Profit from an Associated
Company – net of taxation

6,999

2,212

6,999

2,212

———

———

———

———

Profit before Taxation

101,101

65,418

63,660

106,229

Taxation – note 12

12,698

11,497

29,138

16,405

———

———

———

———

Profit after Taxation

88,403

53,921

34,522

89,824

Other Comprehensive Income

0

0

0

0

———

———

———

———

Total Comprehensive Income
for the Period

88,403

53,921

34,522

89,824

———

———

———

———

Rupees

Earnings per Share

5.35

3.26

2.09

5.44

The annexed notes form an integral part of this condensed interim financial information.

For more information, Contact:
Noon Sugar Mills Limited
66-Garden Block,
New Garden Town, Lahore
Tel: 042-35831462-63
Fax: 042-35831462
Website: www.noonsugar.com
Email: shares@noonsugar.com

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