Fecto Sugar Mills Limited’s Financial Results for the Half Year Ended March 31, 2011

Karachi:We have to inforM you that the Bord of Directors of the Company in their meeting held on May 25, 2011 at Fecto House, House # 4. Street # 15, sector # F-6/3, Islamabad at 11:00 a.m. has approved the following financial results for the Half Year ended March 31. 2011 for onward dssemination to the members of the Exchange. The Dividend for the quarter under review be regretfully passed over.

 Rupees’ 000Rupees’ 000
For the HalfyearFor the Quarter
Oct-MarOct-MarJan-MarJan-Mar
2011201020112010
Sales2,350,8031,480,8381,938,6371,055,919
Cost of sales(2,340,009)(1,611,027)(1,931,250)(1,219,108)
 ———–——————-———
Gross Profit10,794(130,189)7,387(163,189)
 ———–——————-———
Operating Expenses    
Distribution Costs(45,621)(34,042)(25,273)(18,765)
Administrative(3,339)(2,332)(2,742)(1,533)
Other Operating Expenses(230)(396)(151)(208)
 ———–——————-———
(49,190)(36,770)(28,166)(20,506)
———–——————-———
Operating (Loss)/Profit(38,396)(166,959)(20,779)(183,695)
Finance Cost(35,109)(31,564)(20,130)(15,633)
 ———–——————-———
(73,505)(198,523)(40,909)(199,328)
B/F.(73,505)(198,523)(40,909)(199,328)
Other Operating Income5107951027
 ———–——————-———
(Loss)/Profit before Taxation(72,995)(198,444)(40,399)(199,301)
 ———–——————-———
Taxation – Current(25,213)(7,963)(20,932)(5,838)
Prior-(50)-(50)
Deferred(1,231)8,579(5,244)4,248
 ———–——————-———
(26,444)566(26,176)(1,640)
———–——————-———
(Loss) / Porfit After Taxation(99,439)(197,878)(66,575)(200,942)
 ———–——————-———
Unappropriated Loss brought forward(977,782)(739,957)(1,002,968)(728,850)
 ———–——————-———
(1,077,221)(937,835)(1,069,543)(929,792)
Surplus on revaluation of Fixed    
Assets – net of deffered tax14,97615,9337,2987,890
 ———–——————-———
(1,062,245)(921,902)(1,062,245)(921,902)
———–——————-———
(Loss)/ Eerning per Share-Basic(6.82)(13.57)(4.58)(13.78)
 ———–——————-———

For more information, contact:

Khalid Mehmood

Company Secretary

Fecto Sugar Mills Limited

1st Floor, Panorama Centre-2,

Raja Ghazanfar Ali Khan Road,

Saddar, Karachi.

UAN: +9211 111-133-280

Tel: +9221 35682178

Fax: +9221 35684709

Website: www.fecto.com

Email: fecto@fecto.com