PPI Original Text (PPI-OT) – Abdullah Shah Ghazi Sugar Mills Limited’s financial results for the period ended March 31, 2012

Karachi, June 01, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on May 31, 2012 at 04:00 pm, at its registered office of company recommended the following:

(i) Cash Dividend

Nil

And/ Or

(ii) Bonus Shares

Nil

And/ Or

(iii) Right Shares

Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action

Nil

And/ Or

(v) Any Other Price-Sensitive Information

Not Applicable

The financial results of Company are as follows:

6 months

3 months

Oct 2011 to

Oct 2010 to

Jan 2012 to

Jun 2011 to

March 2012

March 2011

March 2012

March 2011

Rupees

Rupees

Sales – Net

300,477,122

1,032,539,617

188,414,491

667,629,446

Cost of sales

210,687,080

844,553,587

145,959,039

635,108,762

———–

————-

———–

———–

Gross profit

89,790,042

187,976,030

42,455,452

32,520,584

Operating Expenses
Administrative and general expenses

13,600,520

15,006,860

8,210,626

9,602,541

Distribution expenses

1,484,867

895,494

1,450,354

786,789

———–

————-

———–

———–

15,085,387

15,902,354

9,660,980

10,389,330

———–

————-

———–

———–

Operating profit

74,704,655

172,073,676

32,794,472

22,131,354

Finance cost

67,901,689

54,361,420

34,087,667

36,283,782

Workers’ profit participation fund

340,258

5,942,725

-

(650,509)

Workers’ welfare fund

129,298

5,377,090

-

(260,204)

———–

————-

———–

———–

68,371,245

62,681,235

34,087,667

35,373,069

———–

————-

———–

———–

Profit for the period

6,333,410

109,392,441

(1,293,195)

(13,241,715)

Other income

2,189

1,142,249

720

1,142,249

———–

————-

———–

———–

Profit before taxation

6,335,599

110,534,690

(1,292,475)

(12,099,466)

Taxation
- Current

(3,004,771)

(10,325,396)

(1,884,145)

(6,676,294)

- Deferred

897,512

(4,129,283)

448,730

(4,643,216)

———–

————-

———–

———–

(2,107,259)

(14,454,679)

(2,727,890)

(11,319,510)

———–

————-

———–

———–

Profit after taxation

4,228,340

96,080,011

(2,727,890)

(23,418,976)

———–

————-

———–

———–

Earnings per share – Basic and diluted

0.05

1.21

(0.03)

(0.30)

For more information, Contact:
Abdullah Shah Ghazi Sugar Mills Limited
(Formerly Al-Asif Sugar Mills Limited)
Head Office: 65- Infantry Road Lahore.
Ph #: 92-42-36834016-22
Fax: +92-42-36811253
Email: info@maccagroup.com

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