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Tandlianwala Sugar Mills Limited’s financial results for the 1st quarter ended December 31, 2012

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Karachi, March 04, 2013 (PPI-OT): We have to inform that the Board of Directors in their meeting held on March 02, 2013 at 4.00 p.m. recommended the following:-

i) Cash Dividend

No Cash Dividend for the period ended December 31, 2012 has been recommended.

ii) Bonus Issue

No Bonus Shares are being recommended.

iii) The financial results of the Company are as follows

1st Quarter

December 31

2012

2011

(Rupees)

(Rupees)

Sales-Net

1,061,090,723

2,196,754,156

Cost of Sales

(624,330,804)

(2,034,057,940)

————-

————-

Gross Profit

436,759,919

162,696,216

Administrative expenses

(56,530,022)

(52,382,118)

Distribution expenses

(45,383,017)

(29,913,478)

Other operating expenses

(11,407,225)

Other income

1,490,402

3,587,240

————-

————-

(111,809,862)

(78,708,356)

————-

————-

Profit from operations

324,950,057

83,987,860

The Annual General Meeting of the Company will be held on Thursday the 11th of April 2013 at 11:00 am, at the Council Hall of the Overseas Investors Chamber of Commerce and Industry, Talpur Road, Karachi.

The Share Transfer Books of the company will be closed from 4th April 2013 to 11th April 2013 (both days inclusive). Transfers received at the office of the Registrar of the Company, M/s. Evaluation Factor (Pvt.) Limited (Formerly Corporate Support Services (Pvt.) Ltd.), 407-408, Al-Ameera Centre, Shahrah-e-Iraq, Saddar, Karachi by the close of the business on 3rd April 2013, will be treated in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.

 

For more information, contact:
Muhammad Ilyas
Company Secretary
Tandlianwala Sugar Mills Limited
32-N, Gulberg-II, Industrial Area,
Lahore, 54660, Pakistan,
Ph: +92-42-35712901, 35763115, 35761124
Fax: +92-42-35710929, 35710605
E-mail: tsmlho@yahoo.com

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