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Sakrand Sugar Mills Limited’s financial results for the year ended December 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 quarter ended December 31, 2011 on January 27, 2012 at 41-K, P.E.C.H.S., Karachi declaring no entitlement for the shareholders.

The financial results of the Company are as follows:

 

1st Quarter

1st Quarter

Dec 31, 2011

Dec 31, 2010

Rupees

Rupees

Sales-Net408,011,945646,191,513
Cost of Sales(402,016,114)(604,511,835)
———–———–
Gross profit/ (Loss)5,995,83141,679,678
Operating Expenses
Administrative Expenses(23,350,910)(22,308,562)
Distribution profit / (Loss)(413,119)(695,552)
———–———–
(23,764,029)(23,004,114)
———–———–
Operating Profit / (Loss)(17,768,198)18,675,564
Financial Cost(18,087,228)(17,795,520)
Other Charges(75,130)(33,000)
Other Income70,2334,100
———–———–
(18,092,125)(17,824,420)
———–———–
(35,860,323)851,144
Amortization Income2,717,302
———–———–
Profit/ (Loss) before taxation(33,143,021)851,144
Taxation – Current(4,080,136)(6,461,956)
Deferred314,492(6,894,434)
———–———–
(3,765,644)(13,356,390)
———–———–
(Loss) after taxation(36,908,665)(12,505,246)
———–———–
Profit / (Loss) per share – Basic(1.65)(0.56)

 

For more information, contact:
Mustafa Kanani
Company Secretary
Sakrand Sugar Mills Limited
H.O.: 41-K, Block-6, P.E.C.H.S.,
Karachi- 75400, Pakistan
UAN: 111-48-48-48
Tel: 34531642, 34531105, 34522909, 34522934
Fax: 34546456
E-mail: admin@sakrandsugar.com

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