Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on July 30, 2011 at 04:00 pm, at its registered office of company recommended the following:

(i) Cash Dividend                                 Nil

AND/OR

(ii) Bonus Shares                                 Nil

AND/OR

(iii) Right Shares                                Nil

AND/OR

(iv) Any Other Entitlement/Corporate Action       Nil

AND/OR

(v) Any Other Price-Sensitive Information

Not Applicable

The financial results of Company are as follows:

 

9 months

3 months

Oct 2010 to

Jun 2011

Oct 2009 to

Jun 2010

Apr 2011 in

Jun 2011

Apr 2010 to

Jun 2010

Rupees

Rupees

Sates – Net1,130,113,214958,241,11697,573,597329,884,322
Cost of sales941,237,553844,841,09496,673,966290,915,551
————————-————-————-
Gross profit188,875,661113,400,022899,63138,968,771
Operating Expenses
Administrative and general expenses21,144,83018,380,6156,137,9705,128,752
Distribution expenses994,301862,31598,80742,940
————-————————-————-
22,139,13119,242,9306,236,7775,171,692
————-————-————-————-
Operating profit166,736,53094,157,092(5,337,146)33,797,079
Finance cost109,057,64757,779,27154,696,22729,412,514
Workers’ welfare fund1,196,554737,040(1,180,536)104,761
————-————-————-————-
113,245,58560,335,20250,564,35029,717,538
————-————-————-————-
Profit / (loss) for the period53,490,94533,821,890(55,901,496)4,079,541
Other income2,148,804474,1991,006,55594,889
————-————-————-————-
Profit / (loss) before taxation55,639,74934,296,089(54,894,941)4,174,430
Provisions for taxation
Current(11,301,132)(4,791,206)(975,736)(1,649,422)
Deferred1,541,7481,516,5075,671,031488,693
————-————-————-————-
(9,759,385)(3,274,699)4,695,294(1,160,729)
————-————-————-————-
Profit / (loss) after taxation45,880,36431,021,390(50,199,647)3,013,701
————-————-————- ————-
Earnings / (loss) per share – Basic and diluted0.580.40(0.63)0.21

For more information, contact:
Company Secretary
Abdullah Shah Ghazi Sugar Mills Limited
65-Infantry Road Lahore.
Tel: +9242 36834016-22
Fax: +9242 36811253
Email: info@maccagroup.com