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Shahmurad Sugar Mills Limited’s financial results for the first quarter ended 31st December 2011 y

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by January 27, 2012 Financial Results

Karachi: We have to inform you that Board of Directors of our Company in their meeting held at 11.30 a.m. on Friday, 27th January 2012 recommended the following:

i) Cash Dividend:

Cash Dividend for the First Quarter ended 31st December 2011 @ Re. NIL per share. Interim Dividend has already been paid at Rs. NIL per share i.e. NIL %.

ii) Bonus Issue:

It has also been recommended by the Board of Directors to issue Bonus Shares in the proportion of NIL shares for every NIL shares held i.e. NIL%. The Bonus Shares will be entitled/not entitled for the Right Shares.

iii) Right Shares:

The Board has also recommended to issue NIL % Right Shares at par/at a premium of Rs. NIL per share in proportion of NIL shares for every NIL shares.

The financial results of the company are as follow:

 

Rupees in Thousand

October to December

2011

2010

Sales1,533,837849,911
Cost of Sales(1,531,721)(732,842)
—————-
Gross Profit2,116117,069
Distribution expenses(22,211)(10,665)
Administration expenses(28,079)(25,291)
Other Operating Charges(134)(1,860)
—————-
Operating Profit(48,308)79,253
Other Operating Income1,49637
Finance Cost(73,901)(56,202)
—————-
(Loss)/ Profit before taxation(120,713)23,088
Taxation30,895(7,774)
—————-
(Loss)/ Profit for the period after taxation(89,818)15,314
—————-
(Loss)/ Earnings per share – Basic and Diluted – Rupees(4.25)0.73

 

For more information, contact:
M. Yasin Mughal
Company Secretary
Shahmurad Sugar Mills Limited
96-A, Sindh Muslim Housing Society,
Karachi-74400, Pakistan.
Tel: 34550161-63, 34550030-31,
Fax: (92-21) 34556675
E-Mail: alnoor@dslplus.net.pk

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