Financial Results for the Nine Months Ended June 30, 2013 announcement by JDW Sugar Mills Limited

Karachi, July 26, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on July 26, 2013 at 10:00 a.m. at 17-Abid Majeed Road, Lahore Cant has approved the following:

(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil

The financial results of the Company for the nine months and quarter ended June 30, 2013 are as follows:

                                                    Nine months ended                             Quarter ended
                                              30-Jun-13            30-Jun-12              30-Jun-13          30-Jun-12
                                                Rupees               Rupees                 Rupees             Rupees

Gross sales                                 22,700,482,625       23,477,338,701         8,877,212,378      6,222,068,013
Less: FED, Sales tax and Others               (964,936,500)      (1,732,140,115)         (415,374,534)      (446,988,659)
                                            --------------       --------------         -------------      -------------
Net sales                                   21,735,546,125       21,745,198,586         8,461,837,844      5,775,079,354
Cost of sales                              (18,803,302,693)     (10,071,695,696)       (7,485,541,704)    (5,118,764,746)
                                            --------------       --------------         -------------      -------------
Gross profit                                 2,932,243,442        2,673,502,890           976,296,140        656,314,608
Administrative expenses                       (372,558,620)        (356,191,409)         (133,139,778)      (120,947,623)
Distribution and marketing expenses           (232,120,605)         (15,556,358)         (119,433,762)        (3,463,413)
Other operating expenses                      (109,440,870)         (87,193,976)          (29,842,884)        (2,113,382)
Other operating income                         115,291,358           83,933,171            41,508,816         34,006,974
                                            --------------       --------------         -------------      -------------
                                              (598,828,737)        (375,008,572)         (240,907,608)       (92,517,444)
                                            --------------       --------------         -------------      -------------
Operating profit                             2,333,414,705        2,298,494,313           735,388,532        563,797,164
Finance cost                                  (831,969,765)        (972,770,111)         (350,428,917)      (452,893,732)
                                            --------------       --------------         -------------      -------------
Profit before taxation                       1,501,444,940        1,325,724,207           384,959,615        110,903,432
Taxation                                      (445,092,844)        (377,132,704)         (128,941,761)        15,399,338
                                            --------------       --------------         -------------      -------------
Profit after taxation                        1,056,352,096          948,591,503           256,017,854        126,302,770
                                            --------------       --------------         -------------      -------------
Basic earnings per share                             17.67                15.92                  4.28               2.19
                                            --------------       --------------         -------------      -------------
Diluted earnings per share                           17.67                15.87                  4.28               2.11
                                            --------------       --------------         -------------      -------------

We will be sending you requisite copies of printed accounts of the Company.

For more information, contact:
Muhammad Rafique
Company Secretary
JDW Sugar Mills Limited
17-Abid Majeed Road,
Lahore Cant, Lahore.
PABX # 042-36664891-92, 36802573-74
Fax: 042-36854490
E-mail: jdwho@jdw-group.com

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