Husein Sugar Mills Limited’s financial results for the first quarter ended December31, 2012

Karachi, January 28, 2013 (PPI-OT): We are pleased to inform you that Board of Directors of our Company in its meeting held on January 2l, 2013, at 11:30 am, at its registered office, 30-A/E-I, Old FCC, Gulberg-III, Lahore, has authorized issuance of un-audited accounts of the Company for the first quarter ended December 31, 2012, without recommending any cash dividend or bonus and right issue.

Financial results of the Company are:

31.12.2012

31.12.2011

Rupees

Rupees

Sales

219,674,766

546,122,026

Cost of Sales

(270,760,535)

(503,945,546)

———–

———–

Gross Profit/ (Loss)

(51,085,769)

42,176,480

Distribution Cost

(1,634,270)

2,071,732

Administrative Expenses

(28,852,215)

(24,206,634)

Other Operating Expenses

-

(20,000)

———–

———–

(30,486,485)

(26,298,426)

———–

———–

(81,572,254)

15,878,054

Other Operating Income

5,023,694

3,895,304

———–

———–

Profit/ (Loss) from Operations

(76,548,560)

19,773,358

Finance Cost

(10,446,100)

(9,996,897)

———–

———–

Profit/ (Loss) before Taxation

(86,994,660)

9,776,461

Taxation

30,874,176

(7,590,105)

———–

———–

Profit/ (Loss) after Taxation

(58,120,464)

2,186,356

Other Comprehensive Income/ (Loss):
Surplus/ (deficit) on re-measurement of available for sale investments

12,937,750

(450,575)

———–

———–

Total Comprehensive Income for the Year

(43,182,734)

1,735,781

———–

———–

Earnings per Share-Basic and Diluted

(3.30)

0.13

The share transfer books of the Company will be closed from January 22, 2013 to January 28, 2013 (both days inclusive). Transfers received at the Company’s Share Registrar, Hameed Majeed Associates (Private) Limited, HM House, 7 Bank Square, Lahore, by close of the business on January 21, 2013; will be treated in time.

The accounts are under printing process and will be sent to you 200 copies of the same for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Husein Sugar Mills Limited
30 A/E-1, Old FCC, Gulberg III, Lahore.
Ph: 042-35762089-90, 5878153
Fax: 042-5712680
Website: www.huseinsugarmills.com
E-mail: info@huseinsugarmills.com

Leave a Reply