The Premier Sugar mills and Distillery Company Limited’s Financial Results for Half Year Ended March 31, 2011
0
Be First!
Karachi: We are pleased to inform you that the Board of Directors in the meeting held on Friday May 27, 2011 at 10.30 am. have approved the interim financial results of the Company for half year ended March 31, 2011.
The Financial results are as follows:
| For the 2nd Quarter | Cumulative | |||
| Jan – Mar | Jan – Mar | Oct – Mar | Oct – Mar | |
| 2011 | 2010 | 2011 | 2010 | |
| Rupees in thousand | ||||
| Turnover | 43,824 | 37,917 | 392,509 | 184,128 |
| Less: sales tax and special excise duty | 990 | 2,565 | 14,893 | 13,576 |
| ——— | ——– | ——— | ——– | |
| 42,834 | 35,352 | 377,616 | 170,552 | |
| Cost of sales | 168,372 | 55,592 | 517,331 | 207,948 |
| ——— | ——– | ——— | ——– | |
| Gross loss | (125,538) | (20,240) | (139,715) | (37,396) |
| Distribution cost | 293 | 173 | 741 | 352 |
| Administrative expenses | 15,799 | 14,227 | 29,839 | 29,810 |
| Other operating expenses | (322) | (374) | 5 | 305 |
| ——— | ——– | ——— | ——– | |
| 15,770 | 14,026 | 30,585 | 30,467 | |
| ——— | ——– | ——— | ——– | |
| (141,308) | (34,266) | (170,300) | (67,863) | |
| Other operating income | 37,546 | 104,135 | 71,697 | 138,141 |
| ——— | ——– | ——— | ——– | |
| Operating (loss) /profit | (103,762) | 69,869 | (98,603) | 70,278 |
| Finance cost | 13,750 | 33 | 14,560 | 100 |
| ——— | ——– | ——— | ——– | |
| (Loss)/ profit before taxation | (117,512) | 69,836 | (113,163) | 70,178 |
| Taxation | ||||
| Current | (1,932) | 319 | 1,447 | 995 |
| Deferred | (45,625) | 5,965 | (38,893) | 5,965 |
| ——— | ——– | ——— | ——– | |
| (47,557) | 6,284 | (37,446) | 6,960 | |
| ——— | ——– | ——— | ——– | |
| (Loss)/ profit after taxation | (69,955) | 63,552 | (75,717) | 63,218 |
| Other comprehensive income | 0 | 0 | 0 | 0 |
| ——— | ——– | ——— | ——– | |
| Total comprehensive (loss) / income for the period | (69,955) | 63,552 | (75,717) | 63,218 |
| ——— | ——– | ——— | ——– | |
| (Loss)/ earnings per share | (18.65) | 16.95 | (20.19) | 16.86 |
| ——— | ——– | ——— | ——– | |
For more information, contact:
Mujahid Bashir
Company Secretary
The Premier Sugar mills and Distillery Company Limited
Kings’s Arcade, 20-A,
Markaz F-7, P.O.Box 1529,
Islamabad.
Tel: +9251 2650805-7
Fax: +9251 2651285-6