Bawany 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 Months period ended June 30, 2012 on july31, 2012 at, Registered office of the company, declaring no dividend for the shareholders. The financial results of the company are as follows.

Nine-months Period Ended

Quarter Ended

30 June

30 June

30 June

30 June

2012

2011

2012

2011

(Rupees)

(Rupees)

Sales -Net

828,165,562

949,178,259

335,242,043

283,120,429

Cost of Sales

(883,361,465)

(823,270,214)

(308,833,731)

(200,587,023)

———–

———–

———–

———–

Cross (loss)/Profit

(55,195,603)

125,908,045

26,408,312

82,533,406

Operating Expenses
Distribution cost

1,532,592

3,949,231

1,224,815

343,846

Administrative expenses

49,301,081

19,921,894

15,280,302

10,297,145

———–

———–

———–

———–

50,833,673

23,871,125

16,505,617

10,640,991

Operating (loss)/Profit

(106,029,275)

102,036,920

9,902,695

71,892,415

Other operating income

1,399,336

9,558,371

108,334

100,682

———–

———–

———–

———–

(104,629,939)

111,595,291

10,011,029

71,993,097

Finance cost

(198,183,054)

(130,424,992)

(104,995,343)

(65,202,885)

Other charges

(1,026,290)

-

(155,650)

-

———–

———–

———–

———–

(Loss)/Profit before taxation

(303,839,284)

(18,829,701)

(95,139,964)

6,290,212

Provision for taxation-Current

-

(9,491,783)

(3,872,420)

(2,831,204)

(Loss)/ profit after taxation

(303,839,284)

(28,321,484)

(99,012,385)

3,959,007

(Loss)/Earning per share

(34.83)

(3.25)

(11.25)

0.45

For more information, Contact:
Bawany Sugar Mills Limited
1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
Karaci-75350, Pakistan
UAN: 92-21 111-666-447
Ph: 92-21 35657781-6, 92-21 35655131-4
Fax: 92-21 35680533