PPI Original Text (PPI-OT) – Colony Sugar Mills Limited’s declaration of financial results for the half year ended March 31, 2012
an.admin
Karachi, May 31, 2012 (PPI-OT): We have to inform you that Board of Directors of the company declared following financial results for the half year ended March 31, 2012 in their meeting held on Wednesday, May 30, 2012 at 4.00 p.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:
|
Half Year Ended |
2nd quarter ended |
|||
|
March 31 |
March 31 |
|||
|
2012 |
2011 |
2012 |
2011 |
|
|
Rupees in thousand |
||||
| Sales – net |
2,611,605 |
352,086 |
1,641,485 |
2,606,752 |
| Cost of sales |
2,210,765 |
3,095,283 |
1,430,550 |
2,374,089 |
|
———- |
———- |
———– |
———— |
|
| Gross Profit |
406,841 |
425,803 |
210,935 |
232,663 |
| Operating expenses | ||||
| Administrative expenses |
58,823 |
58,286 |
30,443 |
32,643 |
| Distribution and marketing exp. |
98,491 |
79,114 |
52,725 |
34,500 |
|
———- |
———- |
———– |
———— |
|
|
157,314 |
137,400 |
83,168 |
67,143 |
|
|
———- |
———- |
———– |
———— |
|
|
249,527 |
288,403 |
127,767 |
165,520 |
|
| Other operating Income |
250 |
5,063 |
132 |
4,998 |
|
———- |
———- |
———– |
———— |
|
| Operating profit |
249,117 |
293,455 |
127,899 |
170,518 |
| Finance Cost |
198,480 |
219,419 |
94,105 |
116,478 |
| Workers’ profit participation fund |
2,565 |
3,702 |
1,690 |
2,702 |
|
———- |
———- |
———– |
———— |
|
|
201,045 |
223,121 |
95,795 |
119,120 |
|
|
———- |
———- |
———– |
———— |
|
| Profit before taxation |
48,732 |
70,345 |
32,104 |
51,338 |
| Provision for taxation |
26,116 |
38,227 |
16,415 |
29,031 |
|
———- |
———- |
———– |
———— |
|
| Profit for the period |
22,556 |
32,118 |
15,689 |
22,307 |
| ———- |
———– |
———- |
———— |
|
| Earnings per share – basic (Rupees) |
0.23 |
0.32 |
0.16 |
0.23 |
Directors have not recommended Cash dividend, Bonus/ Right shares.
For more information, Contact:
Abdul Mansoor Khan
Company Secretary
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Building,
205-Ferozep-Ur-Road,
Lahore-54600,
Pakistan
Phone #: +9242111-Colony
Fax #: +9242576-3246
E-Mail: info@colonysugar.com