Abdullah Shah Ghazi Sugar Mills Limited’s Financial Results for the Period Ended March 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on May 31, 2011 at 04:00 pm, at its registered office of company recommended the following:

1. Cash Dividend

Nil

And /Or

2. Bonus Shares

Nil

And /Or

3. Right Shares

Nil

And /Or

4. Any Other Entitlement/Corporate Action

Nil

And /Or

5. Any Other Price-Sensitive Information

Not Applicable

The Financial Results of Company are as Follows:

6 Months3 Months
Oct 2011 to

Mar 2011

Oct 2009 to

Mar 2010

Jan 2011 to

Mar 2011

Jan 2009 to

Mar 2010

Rupees
Sales – Net1,032,539,617628,356,794667,629,446367,096,418
Cost of sales844,563,587553,925,543635,108,762344,036,468
————-————-————-————-
Gross profit187,976,03074,431,25132,520.68423,059,950
Operating Expenses
Administrative and general expenses15,006,86013,251,8639,602,5416,432,570
Distribution expenses895,494819,375786,789711,902
————-————-————-————-
15,902,35414,071,23810,389,3307,144,472
————-————-————-————-
Operating Profit172,073,67660,360,01322,131,35415,915,478
Finance cost54,361,42028,366,75736,283,78224,026,047
Workers’ profit participation fund5,942,7251,618,628(650,509)-
Workers’ welfare fund2,377,090632,279(260,204)-
————-————-————-————-
62,681,23530,617,66435,373,06924,026,047
————-————-————-————-
Profit/ (loss) for the period109,392,44129,742,349(13,241,715)(8,110,569)
Other income1,142,249379,3101,142,249379,310
————-————-————-————-
Profit/ (1oss) before taxation110,534,69030,121,659(12,099,466)(7,731,259)
Provision for taxation
Current(10,325,396)(3,141,784)(6,676,294)(1,835,482)
Deferred(4,129,283)1,027,814(4,643,216)513,907
————-————-————-————-
(14,454,679)(2,113,970)(11,319,510)(1,321,575)
————-————-————-————-
Profit / (loss) after taxation96,080,01128,007,689(23,418,976)(9,052,834)
————-————-————-————-
Earnings / (loss) per share – Basic and diluted1.210.35(0.30)(0.11)

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