Pangrio Sugar Mills Limited’s financial results for the quarter ended June 30, 2012

Karachi, July 19, 2012 (PPI-OT): We have to inform you that Board of Directors of our Company in their Meeting held at 11.00 a.m. on Thursday, July 19, 2012, recommended the following:

(i) Interim Cash Dividend          Nil

(ii) Interim Bonus Shares          Nil

(iii) Right Shares                 Nil

The Quarterly Results of the Company are as follows:

Quarter Ended

Nine Month Ended

June 30, 2012 (Rs.)

June 30, 2011 (Rs.)

June 30, 2012 (Rs.)

June 30, 2011 (Rs.)

Sales – net

115,066,759

218,649,372

618,492,835

1,168,876,620

Less: Cost of sales

(134,159,857)

(212,325,250)

(603,036,977)

(1,129,130,478)

———–

———–

———–

————-

Gross Profit/ (loss)

(19,093,098)

8,324,122

(84,644,342)

29,716,342

Operating Expenses:
Administrative expenses

8,937,958

7,739,656

31,218,589

25,466,170

Distribution

229,030

99,121

1,688,616

2,389,774

———–

———–

———–

————-

(9,166,989)

(7,838,779)

(32,907,208)

(27,855,944)

———–

———–

———–

————-

Operating Profit/ (loss)

(28,260,067)

(1,514,657)

(117,461,548)

1,860,398

Other Charges:
Finance cost

(1,072,941)

(1,454,711)

(3,360,718)

(5,907,850)

Other Income/ (charges)

(8,173)

130,012

4,287,728

1,388,467

———–

———–

———–

————-

(1,081,114)

(1,324,699)

907,010

(4,519,383)

———–

———–

———–

————-

Net profit/ (loss) before taxation

(29,341,201)

(2,839,368)

(116,544,538)

(2,658,986)

Taxation

1,441,796

(2,186,494)

(2,692,483)

(11,588,768)

———–

———–

———–

————-

Net profit/ (loss) after taxation

(27,899,405)

(5,025,350)

(119,137,001)

(14,247,764)

———–

———–

———–

————-

Earning/ (loss) per share – basic
and diluted

(2.57)

(0.46)

(10.98)

(1.31)

For more information, Contact:
M. Yunus Ansari
Company Secretary
Pangrio Sugar Mills Limited
10th Floor, Building No.1. Lakson Square,
Sarwar Shaheed Road, Karachi.
PABX: 5680151,
Fax: (92-21) 5680183