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Wednesday, October 27th, 2021

The Premier Sugar mills and Distillery Company Limited’s Financial Results for Half Year Ended March 31, 2011

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

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