Ansari Sugar Mills Limited’s Financial Results for the Six-Month Period Ended March 31, 2011

Karachi: We have to inform you that the director of the Company approved the accounts for the Six-Month the period ended March 31, 2011 on May 28, 2011 at Registered office of the company, delaring no dividend for the shareholders. The financial results of the company are as follows.

 Six-Month Period EndedThree-months Period Ended
31 March31 March31 Marh31 March
2011201020112010
(Rupees)(Rupees)
Sales-Net1,205,455,8951,341,476,0111,145,449,2241,071,775,178
Cost of Sales1,069,843,0811,333,370,8541,028,766,6621,084,203,290
 ————-————-————-————-
Gross (loss)/Profit135,612,8148,105,157116,682,562(12,428,112)
Operating Expenses    
Distribution cost3,338,5452,069,2302,929,9991,937,275
Administrative expenses28,294,59923,464,34715,402,88513,786,086
 ————-————-————-————-
31,633,14425,533,57718,332,88415,723,361
————-————-————-————-
Operting (loss)/Profit103,979,670(17,428,420)98,349,678(28,151,473)
Other operating income4,246,7652,923,3971,933,2191,471,561
 ————-————-————-————-
108,226,435(14,505,023)100,282,897(26,679,912)
Finance cost119,944,95559,338,46681,591,12736,928,294
 ————-————-————-————-
(Loss)/Profit before taxation(11,718,520)(73,843,489)18,691,770(63,608,206)
Provision for taxation(12,054,559)(6,707,380)(11,454,492)(5,358,876)
 ————-————-————-————-
(Loss)/Profit after taxatio(23,773,079)(80,550,869)7,237,278(68,967,082)
(Loss)/Earning per share(0.97)(3.30)0.302.83

For more information, contact:

Company Secretary

Ansari Sugar Mills Limited

H.O. 1st Floor, Block-2,

Hockey Club of Pakistan Stadium,

Karachi-75350,

Pakistan.

UAN: +9221 111-666447

Tel: +9221 35655131-4,

Fax: +9221 35680533