Al-Noor Sugar Mills Limited’s financial results for the first quarter ended 31st December 2012

Karachi, January 29, 2013 (PPI-OT): We have to inform you that Board of Directors of our Company in their meeting held at 11.30 a.m. on Tuesday, 29th January 2013 recommended the following:

i) Cash Dividend:

Cash Dividend for the First Quarter ended 31st December 2012 @ Re. Nil per share. Interim Dividend has already been paid at Rs. Nil per share i.e. Nil%.

ii) Bonus Issue:

It has also been recommended by the Board of Directors to issue Bonus Shares in the proportion of Nil shares for every Nil shares held i.e. Nil%. The Bonus Shares will be entitled/ not entitled for the Right Shares.

iii) Right Shares:

The Board has also recommended to issue Nil % Right Shares at par/ at a premium of Rs. Nil per share in proportion of Nil shares for every Nil shares.

The financial results of the company are as follow:

Rupees in thousand

October to December

2012

2011

Cost of Sales

2,757,367

2,000,829

Cost of Sales

(2,633,492)

(1,992,970)

———

———

Gross Profit

123,875

7,859

Profit from trading activities

808

1,333

Distribution expenses

(27,371)

(5,764)

Administrative expenses

(81,908)

(77,472)

Other operating income

1,785

1,035

Finance cost

(62,624)

(89,546)

Share of Profit/ (Loss) of investment in associate

1,736

(14,030)

———

———

(Loss) before taxation

(43,699)

(176,583)

Taxation

(28,518)

47,397

———

———

(Loss) after taxation

(72,217)

(129,186)

———

———

Loss per share-Basic and diluted (Rupees)

(3.89)

(6.96)

For more information, contact:
Al-Noor Sugar Mills Limited
96-A Sindhi Muslim Housing Society,
Karachi- 74400, Pakistan
Tel: 34550161-63, 34550030-31
Fax: (92-21) 34556675
E-mail: alnoor@dslplus.net.pk

Leave a Reply