Noon Sugar Mills Limited’s 1st quarterly financial results for the period ended 31 December, 2012

Karachi, January 29, 2013 (PPI-OT): We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 29 January, 2013 recommended the following:

(i) Cash Dividend                                  : Nil

(ii) Bonus Issue                                   : Nil

(iii) Right Shares                                 : Nil

(iv) Any Other Entitlement/ Corporate Action       : Nil

(v) Any Other Price Sensitive Information          : Nil

Financial results of the Company are attached.

Condensed Interim Profit and Loss Account (Un-Audited) for the First Quarter Ended 31 December, 2012

For the First Quarter Ended

December

December

2012

2011

Note

(Rupees in thousand)

Sales-Net

18

417,153

1,644,016

Cost of Sales

19

323,747

1,625,292

——-

———

Gross Profit

93,406

18,724

Distribution and Marketing Cost

16,315

9,830

Administrative Expenses

19,662

17,530

Other Operating Expenses

2,131

-

Other Operating Income

(1,248)

(1,164)

——-

———

36,860

26,196

——-

———

Profit/ (Loss) from Operations

56,546

(7,472)

Finance Cost

16,417

29,969

——-

———

Profit/ (Loss) before Taxation

40,129

(37,441)

Taxation

14

2,086

16,440

——-

———

Profit/ (Loss) after Taxation

38,043

(53,881)

Other Comprehensive Income

-

-

——-

———

Total Comprehensive Income /
(Loss) for the Period

38,043

(53,881)

——-

———

Earnings/ (Loss) per Share

2.30

(3.26)

For more information, contact:
Noon Sugar Mills Limited
66-Garden Block,
New Garden Town, Lahore
Tel: 042-35831462-63
Fax: 042-35831462
Website: www.noonsugar.com
Email: shares@noonsugar.com