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Saturday, September 19th, 2020

Sanghar 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 our Company in their meeting held on May 27, 2011 at 11:00 an. at the registered office: 101-1st Floor, Ocean Centre, Talpur Road, Karachi, have approved the Un-audited Condensed Interim Financial Information of the Company for six months period ended March 31, 2011 and decided not to declare any interim dividend. The financial results of the Company are as follows:

  Six months period ended Quarter ended
Mar 31 Mar 31 Mar 31 Mar 31
2011 2010 2011 2010
(Rupees in ’000′)
Sales 1,006,166 711,480 786,631 352,230
Cost of sales 875,022 510,326 700,852 230,171
  ——— ——– ——- ——–
Gross profit 131,144 201,154 85,779 122,059
Distribution cost 1,971 1,174 1,531 896
Administrative expenses 46,251 37,053 29,122 20,921
  ——— ——– ——- ——–
48,222 38,227 30,653 21,817
Other operating income 5,607 907 933 883
  ——— ——– ——- ——–
88,529 163,834 56,059 101,125
Finance cost 30,247 28,699 26,425 23,857
Other operating charges 5,242 10,501 2,974 6,289
  ——— ——– ——- ——–
35,489 39,200 29,399 30,146
——— ——– ——- ——–
Net profit before taxation 53,040 124,634 26,660 70,979
Taxation 10,855 44,732 719 24,881
  ——— ——– ——- ——–
Net profit after taxation 42,185 79,902 25,941 46,098
  ——— ——– ——- ——–
Earnings per share – Basic and diluted 3.53 6.69 2.17 3.86
  ——— ——– ——- ——–

For more information, contact:

Company Secretary

Sanghar Sugar Mills Limited

101 – 1st Floor, Ocean Centre,

Talpur Road, Karachi – Pakistan.

Tel: +9221 32427171-72

Fax: +9221 32410700,

E-mail: ssml@cyber.net.pk

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