Husein Sugar Mills Limited’s financial results for the third quarter ended 30-06-2012 un-audited

Karachi, July 25, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their Meeting held at 11:00 A.M. on Wednesday the 25th July, 2012 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.

Nine Months Ended

Quarter Ended

30 June

30 June

30 June

30 June

2012

2011

2012

2011

Rupees

Sales

2,567,280,292

3,038,125,916

824,151,521

606,936,059

Cost of Sales

(2,360,891,825)

(2,721,766,139)

(746,305,760)

(538,205,643)

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—————

————–

————–

Gross Profit

206,355,467

316,359,777

77,765,761

65,730,416

Distribution Cost

(6,541,840)

(7,577,448)

(1,433,888)

(847,137)

Administrative Expenses

(79,405,021)

(71,351,572)

(25,068,314)

(24,678,593)

Other Operating Expenses

(5,790,915)

(13,590,932)

(1,548,593)

(1,061,951)

————–

—————

————–

————–

(91,737,776)

(92,519,952)

(28,050,795)

(26,587,681)

————–

—————

————–

————–

114,650,691

223,839,825

49,714,966

42,142,735

Other Operating Income

25,273,660

10,209,569

7,322,400

1,097,891

————–

—————

————–

————–

Profit from Operations

139,924,351

234,049,394

57,037,366

43,240,626

Finance Cost

(65,884,387)

(55,059,364)

(27,614,094)

(28,911,983)

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—————

————–

————–

Profit before Taxation

74,039,964

178,990,030

29,423,212

14,328,643

Taxation

(41,005,868)

(68,057,720)

(16,203,640)

(5,524,476)

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—————

————–

————–

Profit after Taxation

33,034,096

110,932,310

13,219,632

8,804,476

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—————

————–

————–

Earnings Per Share – Basic and diluted

1.94

9.17

0.78

0.73

The accounts are under print and will be sent to you 300 copies of the same for distribution amongst the members of the Exchange in due course of time.

Assuring you of our co-operation at all times.

For more information, Contact:
Mst. Nusrat Shamim
Chief Executive
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