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Friday, September 18th, 2020

Shahtaj Sugar Mills Limited’s Financial Results for the half year ended 31.03.2011

Be First!

Karachi: We have to inform you that Board of Directors of our Company in their meeting held today, Friday the 27th May 2011 at 11.00 A.M. have not recommended any

cash dividend or any other benefit.

The financial results of the Company are as follows:

  Half year ended Second Quarter ended
March 31 March 31
2011 2010 2011 2010
(Rupees in thousands) (Rupees in thousands)
Sales – net 2,359,16 1,596,103 1,816,905 1,249,483
Cost of sales 1,929,140 1,561,679 1,484,699 1,264,295
  ——— ——— ——— ———
Gross Profit (loss) 430,029 34,424 332,206 (14,812)
Distribution cost 4,575 3,868 3,197 2,836
Administrative expenses 74,269 63,408 47,729 39,926
Other operating expenses 27,308 4,806 21,520 1,759
Other operating income (10,316) (19,517) (4,313) (8,746)
  ——— ——— ——— ———
95,836 52,565 68,133 35,775
Operating profit / (loss) 334,193 (18,141) 264,073 (50,587)
Finance cost 32,188 26,259 30,991 25,749
  ——— ——— ——— ———
302,006 (44,400) 233,082 (76,336)
Share of profit in associates – net 12,799 4,523 12,799 4,523
  ——— ——— ——— ———
Profit/ (loss) before taxation 314,804 (39,877) 245,881 (71,813)
Taxation 104,341 6,430 80,216 (1,102)
  ——— ——— ——— ———
Net profit /(loss) for the period 210,463 (46,307) 165,665 (70,711)
  ——— ——— ——— ———
Earnings per ordinary share –        
Basic arid Diluted (Rupees) 17.52 (3.86) 13.79 (5.89)
  ——— ——— ——— ———

For more information, contact:

Jamil Ahmad Butt

Company Secretary

Shahtaj Sugar Mills Limited

19, Dockyard Road, West Wharf,

P.O. Box No. 4766,

Karachi – 74000,

Pakistan.

Tel: +9221 32313934-38

Fax: +9221 32310623

Email: jamilbutt@shahtaj.com

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