Fecto Sugar Mills Limited’s Financial Results for the Third Quarter Ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of the Company in their Meeting held on July 25, 2011 at 11:00 A.M. at 1st Floor, Panorama Centre-2, Raja Ghazanfar Ali Khan, Road, Saddar, Karachi has approved the following financial results for the period of nine months and Third Quarter ended June 30, 2011 for onward dissemination to the members of the Exchange.

Rupees ‘000

Rupees ‘000

For the Nine Months

For the Quarter

Oct-Jan 2011

Oct-Jan 2010

Apr-Jan 2011

Apr-Jan 2010

Sales2,608,8831,485,560258,0804,722
Cost of sales(2,635,409)(1,649,847)(295,400)(38,820)
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Gross (Loss)/ Profit(26,526)(164,287)(37,320)(34,098)
Operating Expenses
Distribution Cost(3,857)(2,651)(518)(319)
Administrative Expenses(72,315)(54,005)(26,694)(19,963)
Other Operating Expenses(538)(918)(308)(522)
————————————
(76,710)(57,574)(27,520)(20,804)
Operating (Loss) / Profit(103,236)(221,861)(64,840)(54,902)
Finance Cost(50,587)(46,484)(15,478)(14,920)
————————————
(153,823)(268,345)(80,318)(69,822)
Other Operating Income62817811899
————————————
(Loss)  before Taxation(153,195)(268,167)(80,200)(69,723)
Taxation – Current(27,800)(7,992)(2,587)(29)
Prior-(50)--
Deferred11,80312,74713,0344,168
————————————
(15,997)4,70510,4474,139
————————————
(Loss) After Taxation(169,192)(263,462)(69,753)(65,584)
Un-appropriated Loss brought forward(977,782)(739,956)(1,062,245)(921,901)
———————————–
(1,146,974)(1,003,418)(1,131,998)(987,485)
Transferred from surplus on revaluation of fixed assets 22,14623,6737,1707,740
————————————
(1,124,828)(979,745)(1,124,828)(979,745)
————————————
Loss per share – Basic Rs.(11.60)(18.06)(4.78)(4.50)

 

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: +9221 111-133-280
Tel: +9221 35682178
Fax: +9221 35684709
Website: www.fecto.com
Email: fecto@fecto.com