Husein Sugar Mills Limited’s Financial Results for the Quarter Ended 31-03-2011 Un-Audited

Karachi:We have to inform you that the Board of Directors of our company in their Meeting held at 10:00 A.M. On Wednesday the 25th May, 2011 has not recommended any Interim Dividend.

The financial results of the Company i.e. complete Profit and Loss Account with comparative figures of corresponding period, as approved by the Directors, are placed below:

Half Year EndedQuarter Ended
31 March31 March31 March31 March
2011201020112010
Sales2,431,189,857762,690,6641,803,114,835471,727,012
Cost of sales(2,183,560,496)(869,019,316)(1,594,281,625)(586,724,255)
————–————–————–————–
Gross Profit/(Loss)247,629,361(106,328,652)208,833,210(114,997,243)
Distribution Cost(6,730,311)( 1,712,726)(5,150,038)(665,896)
Administrative Expenses(46,672,979)(44,852,122)(26,950,784)(25,425,222)
Other Operating Expenses(12,528,981)(58,750)(12,471,946)(54,260)
————–————–————–————–
(65,932,271)(46,623,598)(44,572,768)(26,145,378)
————–————–————–————–
181,697,090(152,952,250)164,260,442(141,142,621)
Other Operating Income9,111,6783,744,6975,559,6233,355,143
————–————–————–————–
Profit/(Loss) from Operations190,808,168(149,207,553)169,820,065(137,787,478)
Finance Cost(26,147,381)(27,434,736)(21,668,455)(24,008,504)
————–————–————–————–
Profit / (Loss) before Taxation164,661,387(176,642,289)148,151,610(161,795,982)
Taxation(62,533,244)4,180,028(56,507,023)(54,711)
————–————–————–————–
Profit / Loss after Taxation102,128,143(172,462,261)91,644,587(161,850,693)
————–————–————–————–
Loss Per Share-Basic and diluted8.44(14.25)7.57(13.38)
————–————–————–————–

For more information, contact:

Director

Husein Sugar Mills Limited

30 A/E-1, Old FCC, Gulberg III,

Lahore.

Tel: +9242 35762089-90, +9242 35878153

Fax: +9242 5712680

Website: www.huseinsugarmills.com

E-mail: info@huseinsugarmills.com