AL-Abbas Sugar Mills Limited’s financial results for the period ended December 31, 2012

Karachi, January 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Saturday January 26, 2013 at 11:00 AM recommended “NO ANNOUNCEMENT FOR ANY ENTITLEMENT”. The financial result of the Company are as follows:

Profit and Loss Account Along with Comparative Figures

Quarter Ended

December 31,

December 31,

2012

2011

(Rupees in thousand)

Sales – net

1,052,462

1,448,317

Cost of sales

(913,887)

(1,326,815)

———

———

Gross profit

138,575

121,502

Distribution cost

(35,232)

(20,510)

Administrative expenses

(28,305)

(27,129)

Other operating expense

(13,684)

(7,775)

———

———

(77,221)

(55,414)

———

———

Operating profit

61,354

66,088

Finance cost

(45,507)

(70,036)

Other operating income

8,332

2,664

———

———

Profit/ (loss) before taxation

24,179

(1,284)

Taxation

(6,351)

(18,493)

———

———

Net profit/ (loss) for the period ended

17,828

(19,777)

———

———

(Rupees)

Earnings/ (Loss) per share-for the period ended- Basic and diluted

1.03

(1.14)

For more information, contact:
Muhammad Suleman Kanjiani
Company Secretary
AL-Abbas Sugar Mills Limited
Pardesi House, Survey No. 2/1, R.Y. 16
Old Queens Road Karachi-74000
UAN: (92-21) 111-111-224
Fax: (92-21) 32470090
E-mail: sugar@cyber.net.pk
Web: www.aasml.com

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