Noon Sugar Mills Limited’s financial results for the year ended 30 September, 2011

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 06 January, 2012 recommended the following:

(i) Cash Dividend                                           Cash dividend @ Rs. 1.50

Per share (15%)

(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.

The Annual General Meeting (AGM) of the Company will be held on Tuesday, 31 January, 2012 at 11:30 a.m. at Lahore.

The Share Transfer Books of the Company will be closed from 25 January, 2012 to 31 January, 2012 (both days inclusive). Share transfers received in order at the Registered Office of the Company up to the close of business on 24 January, 2012 will be treated in time for the purpose of payment of dividend.

Profit and Loss Account for the Year Ended 30 September, 2011

 

2011

2010

Note

(Rupees in thousands)

Sales – Net293,101,4891,723,592
Cost of Sales302,695,5241,719,524
——————
Gross Profit405,9654,068
Distribution and Marketing Expenses3177,59523,433
Administrative Expenses3278,93869,787
Other Operating Expenses334,6533,860
——————
161,18697,080
——————
244,779(93,012)
Other Operating Income349,28014,157
——————
Profit / (Loss) from Operations254,059(78,855)
Finance Cost35197,925111,415
——————
Profit / (Loss) for the Year before
Share of Profit of an Associated
Company and Taxation56,134(190,270)
Share of Profit of an Associated
Company – Net of Taxation196,5087,033
——————
Profit / (Loss) before Taxation62,642(183,237)
Taxation
Current1531,374173,346
Prior year15(3,590)(1)
——————
27,78417,345
——————
Profit / (Loss) after Taxation34,858(200,582)
Impairment Loss on Investments
Classified as Held for Sale28045,503
——————
Profit / (Loss) for the Year34,858(246,085)
Other Comprehensive income00
——————
Total Comprehensive Income / (Loss) for the Year34,858(246,085)
——————
Rupees
Earnings / (Loss) per Share362.11(14.90)

 

The annexed notes form an integral part of these financial statements.

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