Colony Sugar Mills Limited’s declaration of financial results for the quarter ended December 31, 2012

Karachi, January 31, 2013 (PPI-OT): We have to inform you that Board of Directors of the company declared following financial results for the quarter ended December 31, 2012 in their meeting held on Thursday, January 31, 2013 at 3.00 p.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:

December 31

2012

2011

Rupees in thousand

Sales-net

454,739

976,121

Cost of sales

315,755

780,215

——-

——-

Gross Profit

138,984

195,906

Administrative and Marketing expenses

35,356

74,146

——-

——-

103,628

121,760

Other operating income

37

118

——-

——-

Operating Profit

103,665

121,878

Finance cost and other charges

69,476

105,250

——-

——-

Profit before taxation

34,189

16,628

Provision for taxation

2,755

9,761

——-

——-

Profit for the period

31,434

6,867

——-

——-

Earnings per share-basic and diluted (Rupees)

0.32

0.07

Keeping in view current depressed economic scenario and long term debts obligations due in current year, 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

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