Colony Sugar Mills Limited’s declaration of financial results for the nine months ended June 30, 2012

Karachi, July 31, 2012 (PPI-OT): We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2012 in their meeting held on Monday, July 30, 2012 at 4.00 p.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:

Nine Months Ended

Third quarter ended

June 30

June 30

2012

2011

2012

2011

Rupees in thousand

Sales-net

3,432,506

4,368,574

814,900

847,488

Cost of sales

2,858,311

3,698,303

647,546

603,020

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———

———

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Gross Profit

574,195

670,211

167,354

244,468

Operating expenses
Administrative exp

81,449

81,069

22,626

22,783

Distribution and marketing exp

124,285

131,706

25,794

52,592

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———

———

———

205,734

212,775

48,420

75,375

———

———

———

———

368,461

4S7,496

118,934

169,093

Other operating income

276

5,184

26

121

———

———

———

———

Operating profit

368,737

462,680

118,960

169,214

Financial and Other Charges

291,605

343,940

90,560

120,819

———

———

———

———

Profit before taxation

77,132

118,740

28,400

48,395

Provision for Taxation

34,325

46,702

8,149

8,475

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———

———

———

Profit for the period

42,807

72,038

20,251

39,920

———

———

———

———

Earnings per share – basic

0.43

0.73

0.20

0.41

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.
Phone #: +92 42 111-COLONY
Fax #: +92 42 576-3246
E-mail: info@colonysugar.com