Colony Sugar Mills Limited’s declaration of financial results for the nine months ended June 30, 2011

Karachi: We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2011 in their meeting held on Friday, July 29, 2011 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:

 

Nine Months Ended

Third quarter ended

June 30

June 30

2011

2010

2011

2010

Rupees in thousand

Sales – net4,368,5742,977,820847,4881,014,546
Cost of sales3,698,3032,610,530603,020857,923
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Gross Profit670,271367,290244,468156,623
Operating expenses
Administrative and general exp81,06967,75422,78318,880
Distribution and marketing exp131,70652,09252,59215,848
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212,775119,84675,37534,728
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457,496247,444169,093121,895
Other operating income5,1843,45412182
————————-———
Operating profit462,680250,898169,214121,977
Financial and other charges343,940313,616120,819112,586
————————-———
Profit / (Loss) before taxation118,740(62,718)48,3959,391
Provision for Taxation46,702(3,184)8,4756,287
————————-———
Profit/ (Loss) for the period72,038(59,534)39,9203,104
 ————————-———
Earnings/(Loss)  per share -  basic (Rupees)0.73(0.60)0.410.03

Directors have not recommended Cash Dividend, Bonus/ Right Shares.

For more information, contact:
Abdul Mansoor Khan
Company Secretary
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Building,
205-Ferozepur Road, Lahore-54600,
Pakistan.
Tel: +9242 111-COLONY
Fax: +9242 5762246
Email: info@colonysugar.com