JDW Sugar Mills Limited’s Financial results for the year ended September 30, 2012

Karachi, January 03, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on January 3, 2013 at 11:30 a.m. at 17-Abid Majeed Road, Lahore Cantt. has approved the following:

(i) Cash Dividend

The board has recommended a final Cash Dividend for the financial year ended September 30, 2012 @ Rs. 6 per share i.e. 60%.

(ii) Bonus Shares          Nil

(iii) Right Shares         Nil

The financial results of the Company for the year ended September 30, 2012 are as follows:

2012

2011

Rupees

Rupees

(Restated)

Gross sales

24,491,645,116

26,467,625,682

FED, Sales Tax and others

(1,741,764,905)

(1,738,134,475)

————–

————–

Net sales

22,749,880,211

24,729,491,207

Cost of sales

(20,387,894,576)

(20,594,227,631)

————–

————–

Gross profit

2,361,985,635

4,135,263,576

Administrative expenses

(462,956,222)

(430,482,211)

Distribution and marketing expenses

(22,589,638)

(15,135,294)

Other operating expenses

(119,203,961)

(156,975,431)

Other operating income

126,043,597

66,438,897

————–

————–

(478,706,224)

(536,154,039)

————–

————–

Operating profit

1,883,279,411

3,599,109,537

Finance cost

(1,334,998,725)

(1,375,700,601)

————–

————–

Profit before taxation

548,280,686

2,223,408,936

Taxation

138,993,868

(850,979,032)

————–

————–

Profit further taxation

687,274,554

1,372,429,904

————–

————–

Basic earnings per share

11.52

24.95

————–

————–

Diluted earnings per share

11.50

24.71

The Annual General Meeting of the Company will be held on Thursday, January 31, 2013 at 1:00p.m. at Royal Palm, Golf and Country Club, 52-Canal Bank Road, Lahore.

The share transfer books of the company will remain closed and no transfer of shares will be accepted for registration from 24 January, 2013 to 31 January, 2013 (both days inclusive). Share transfers received upto close of business on 23 January, 2013 shall entitle the transferees to the aforesaid cash dividend.

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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