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Saturday, September 19th, 2020

Sakrand Sugar Mills Limited’s Financial Results For The Half Year Ended March 31, 2011

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Karachi: We have to inform you that the Board of Directors of the Company has approved the accounts for the Half Year ended March 31, 2011 on May 23, 2011 at 41-K, P.E.C.H.S., Karachi declaring no entitlement for the shareholders.

The financial results of the Company are as follows:

  For The Half Year Ended For The Quarter Ended
March 31, 2011 2010 2011 2010
Rupees Rupees Rupees Rupees
Sales – Net 2,540,483,165 2,128,532,706 1,894,291,652 1,662,891,885
Cost of sates (2,427,902,812) (1,996,686,368) (1,823,390,977) (1,609,023,744)
  ————- ————- ————- ————-
112,580,353 131,846,338 70,900,675 53,868,141
Operating expenses        
Administrative expenses 47,613,068 43,667,466 25,304,506 23,885,002
Distribution cost 2,416,144 1,785,864 1,720,592 1,346,721
  ————- ————- ————- ————-
50,029,212 45,453,330 27,025,098 25,231,723
————- ————- ————- ————-
Operating profit 62,551,141 86,393,008 43,875,577 28,636,418
  ————- ————- ————- ————-
Finance costs 37,490,870 36,087,161 19,695,350 18,231,179
Other charges 71,571 404,340 38,571 304,340
Income on long term investment (4,845,835) (4,845,835)
Other loss/ (gain) 15,979 (15,280) 20,079 (14,200)
  ————- ————- ————- ————-
32,732,585 36,476,221 14,908,165 18,521,319
————- ————- ————- ————-
Profit before taxation 29,818,556 49,916,787 28,967,412 10,115,099
Taxation        
Current (25,405,029) (10,642,740) (18,943,073) (8,314,530)
Prior (40,363) (40,363)
Deferred (1,954,423) 4,940,011
  ————- ————- ————- ————-
(27,399,815) (10,642,740) (14,043,425) (8,314,530)
————- ————- ————- ————-
Profit after taxation 2,418,741 39,274,047 14,923,987 1,800,569
  ————- ————- ————- ————-
Earnings per share Rs.      0.11 Rs.     1.76 Rs.      0.67 Rs.      0.08
  ————- ————- ————- ————-

For more information, contact:

Mustafa Kanani

Company Secretary

Sakrand Sugar Mills Limited

41-K, Block-6,

P.E.C.H.S., Karachi-75400,

Pakistan.

UAN: +9221 111-48-48-48

Tel: +9221 34531642

Fax: +9221 34546456

Email: admin@sakrandsugar.com

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