Al-Abbas Sugar Mills ‘sLimited financial results for the nine months period and quarter ended June 30, 2012

Karachi, July 18, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, July 18, 2012 at 12:00 noon recommended “No Announcement for any Entitlement” The Financial results of the Company are as follows:

Nine months period ended

Quarter ended

June 30,

June 30,

June 30,

June 30,

2012

2011

2012

2011

(Rupees in thousands)

Continuing operations
Sales – net

4,363,862

4,740,847

1,553,633

1,261,749

Cost of sales

(3,462,874)

(3,982,854)

(1,213,165)

(940,900)

———

———

———

———

Gross profit

900,988

757,993

340,468

320,849

Distribution cost

(140,304)

(66,782)

(45,389)

(18,889)

Administrative expenses

(88,777)

(80,963)

(32,576)

(25,298)

Other operating expenses

(39,088)

(26,815)

(11,457)

(11,033)

———

———

———

———

(268,169)

(174,560)

(89,422)

(55,220)

———

———

———

———

Operating profit

632,819

583,433

251,046

265,629

Finance cost

(210,067)

(274,353)

(72,048)

(121,349)

———

———

———

———

Other operating income

22,658

36,150

6,272

-

———

———

———

———

Profit before taxation

445,410

345,230

185,270

144,280

Taxation

(48,737)

(48,827)

(12,472)

(13,948)

———

———

———

———

Profit after taxation from continuing
operations

396,673

296,403

172,798

130,332

Discontinued operations
Loss from discontinued operations

-

(25,943)

-

(13,441)

———

———

———

———

Net profit for the period ended

396,673

270,460

172,798

116,891

———

———

———

———

(Rupees)

Earnings per share – From continued operations –
Basic and diluted

22.85

17.06

9.95

7.50

Loss per share – From discontinued operations –
Basic and diluted

-

(1.49)

-

(0.77)

———

———

———

———

Earnings per share – For the nine months ended –
Basic and diluted

22.85

15.57

9.95

6.73

For more information, Contact:
M. 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