Ansari Sugar Mills Limited’s financial results for the nine months period ended June 30, 2012

Karachi, July 31, 2012 (PPI-OT): We have to inform you that the director of the Company approved the accounts for the Nine Month, period ended June 30, 2012 on July 31, 2012 at Registered office of the company, declaring no dividend for the shareholders. The financial results of the Company are as follows.

Nine Month Period Ended

Quarter Ended

30 June

30 June

30 June

30 June

2012

2011

2012

2011

Sales – Net

1,431,474,170

1,624,598,496

793,081,123

419,142,601

Cost of Sales

1,392,629,560

1,370,458,419

727,633,647

300,615,338

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Gross (Loss)/ Profit

38,844,560

254,140,088

65,447,476

118,527,263

Operating Expenses
Distribution Cost

7,381,716

3,620,396

3,299,817

281,851

Administrative expenses

58,947,262

44,835,428

23,036,105

16,540,829

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————–

————-

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66,328,978

48,455,824

26,335,922

16,822,680

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————–

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Operating (loss)/ Profit

(27,484,368)

205,684,253

39,111,554

101,704,583

Other Operating income

65,656,457

6,366,480

47,332,253

2,119,715

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————–

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38,172,089

212,050,733

86,443,807

103,824,298

Finance Cost

250,543,487

211,470,788

75,858,007

91,525,833

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(Loss)/ Profit before taxation

(212,371,398)

579,945

10,585,800

12,298,465

Provision for taxation Current

(15,891,982)

(16,245,985)

(7,930,811)

(4,191,426)

Deferred

-

7,299,834

-

2,433,278

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(Loss)/ Profit after taxation

(228,263,380)

(8,366,206)

2,654,989

10,540,317

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(Loss)/ Earning per Share

(9.35)

(0.34)

0.11

0.43

For more information, Contact:
Ansari Sugar Mills Limited
H.O. 1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
Karachi – 75350, Pakistan
UAN: 92-21 111-48-48-48,
Ph: 4522909, 4522934,
Fax: 4546456