Bawany Sugar Mills Limited’s Financial Results for the Three Months Ended December 31, 2011

Karachi: We have to inform you that the director of the Company approved the accounts for the Three-Months period ended December 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.

 Three – months Period Ended
31 Dec31 Dec
20102009
(Rupees)
Sales -Net--
Toll Manufacturing Income-6,468,889
Cost of sales93,610,82343,972,198
 ————————
Gross (loss)/Profit(93,610,823)(37,503,309)
Distribution cost1,500-
Administrative expenses2,511,0962,555,742
 ————————
2,512,5962,555,742
————————
Operating (Loss)/Profit(96,123,419)(40,059,051)
Other operating income9,370,691156,028
 ————————
(86,752,728)(39,903,023)
Financial cost638,13413,757,826
 ————————
(Loss)/Profit before taxation(87,390,862)(53,660,849)
Provision for Taxation-(32,344)
 ————————
(Loss)/Profit after taxation(87,390,862)(53,693,193)
(Loss)/Earning per share(10.02)(6.15)

Financial Results for the Six Months Ended December 31, 2011

Dear Sir,

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

 Six – months Period Endedthree – months Period Ended
 31 March31 March31 March31 March
 2011201020112010
 (Rupees)(Rupees)
     
Sales666,057,830666,057,830- 
Toll Manufacturing Income-100,335,030-93,866,141
Cross of Sales622,683,191116,637,793529,072,36872,665,595
 ———————————————–
Gross (loss)/Profit43,374,639(16,302,763)136,985,46221,200,546
Distribution cost3,605,385-3,603,885-
Administrative expenses9,624,7493,574,6357, 112,1531,018,893
 ———————————————–
13,230,1343,574,63510,716,0381,018,893
———————————————–
Operating (loss)/Profit30,144,505(19,877,398)126,269,42420,181,653
Other operating income9,457,689237,74586,99881,717
 ———————————————–
39,602,194(19,639,653)126,356,42220,263,370
Finance cost65,222,10736,670,88464,583,97322,913,058
 ———————————————–
(Loss)/Profit before taxation(25,619,913)(56,310,537)61,772,449(2,649,688)
Provision for taxation(6,660,578)(501,675)(6,660,578)(469,331)
 ———————————————–
(Loss)/Profit after taxation(32,280,491)(56,812,212)55,111,871(3,119,019)
(Loss)/Earning per share(3.70)(6.51)6.32(0.36)

For more information, contact:

Company Secretary

Bawany Sugar Mills Limited

1st Floor, Block-2,

Hockey Club of Pakistan Stadium,

Karaci-75350, Pakistan

UAN: +9221 111-606-447

Tel: +9221 35657781-6

Fax: +9221 35680533