Baba Farid Sugar Mills Limited’s financial result for the third quarter ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of the Company, in their meeting held on July 29, 2011 at 11:00 a.m. at T-09, 3rd Floor, Hafeez Center, Main Boulevard, Gulberg-III, Lahore has approved the following financial results for the third quarter June 30, 2011 for onward dissemination to the members of the Exchange. The Dividend for the quarter under review be regretfully passed over.

 

Rupees

Rupees

For the Nine Months Ended

For the Quarter Ended

June 2011

June 2010

June 2011

June 2010

Sales339,123,193657,593,181221,119,095-
Cost of sale211,776,685805,484,101100,922,79026,297,690
———–————-————-————
Gross Profit (Loss)127,346,508(147,890,920)120,196,305(26,297,690)
Operating Expenses
Distribution Costs3,714,7742,219,1211,511,140795,596
Administrative20,575,25640,917,6503,963,34312,502,938
Other Operating Expenses-321,990-19,000
———–————- ————-————
24,290,03043,458,7615,474,48313,818,538
———–————-————-————
Operating Profit (Loss)103,056,478(191,349,681)114,721,822(39,616,224)
Finance Cost172,839,39823,542,96786,350,0127,577,573
———–————-————-————
(69,782,920)(214,892,648)28,371,810(47,193,797)
Other Operating Income25,76545,77215,20014,448
———–————-————-————
(Loss) / Profit before Taxation(69,757,155)(214,846,876)28,387,010(47,179,349)
TaxationB/F(69,757,155)(214,846,876)28,387,010(47,179,349)
Deferred(20,543,759)9,544,078-2,181,359
For the period(3,391,232)(3,487,193)(2,232,003)(72)
———–————-————-————
(23,934,991)6,056,885(2,232,003)3,181,287
———–————-————-————
(Loss)/Profit after Taxation(93,692,146)(208,789,991)26,155,007(43,993,062)
———–————-————-————
(Loss)/Earning per Share-Basic and Diluted  Rs.(9.91)(22.09)2.77(1.66)

For more information, contact:
Muhammad Ibrahim
Company Secretary
Baba Farid Sugar Mills Limited
1st Floor, Panorama Centre # 2,
Raja Ghazanfar Ali Khan Road,
Saddar Karachi,
UAN: +9221 111-133-280
Tel: +9221 35682178
Fax: +9221 3568800
Email: fecto@fecto.com