Premier Press Releases Service in Pakistan 2013-07-26 17:25:35

Financial Results for the Quarter and Nine Months Ended 30 June 2013 announcement by The Premier Sugar Mills and Distillery Company Limited

Karachi, July 26, 2013 (PPI-OT): We would like to inform you that the Board of Directors in the Meeting held on Friday, July 26, 2013 at 11:00 am, have approved the following financial results for the Quarter and nine months ended 30 June, 2013.

                                               For the 3rd Quarter                 Cumulative
                                          April-June         April-June     Oct-June          Oct-June
                                             2013               2012          2013              2012
                                                                 Rupees in thousand

Turnover-local                              475,771           352,990      1,441,056          1,325,763
- export                                    109,189            77,290        131,532             90,430
                                            -------           -------      ---------          ---------
                                            584,960           430,280      1,572,588          1,416,193
Loss: Sales Tax                              38,214            15,353        111,931             93,754
                                            -------           -------      ---------          ---------
                                            546,746           414,927      1,460,657          1,322,439
Cost of Sales                               405,185           464,133      1,430,440          1,423,043
                                            -------           -------      ---------          ---------
Gross Profit/ (loss)                         51,561           (49,206)        30,217           (101,503)
Distribution Cost                             2,467            47,623          6,259             60,371
Administrative Expenses                      16,074             1,628         54,806              9,900
Other Operating Expenses                      1,737                 3          4,727                224
                                            -------           -------      ---------          ---------
                                             19,965            19,154         59,882             60,505
                                            -------           -------      ---------          ---------
                                             31,596           (68,360)       (29,665)          (162,008)
Other Operating Income                       62,237            21,831        121,989             79,795
                                            -------           -------      ---------          ---------
                                             93,833           (46,529)        92,324            (82,213)
Finance Cost                                 17,744            21,077         59,503             62,939
                                            -------           -------      ---------          ---------
Profit/ (loss) before Taxation               76,089           (67,606)        32,821           (145,152)
Taxation
- Current                                    14,490               773         15,125              2,281
- Deferred                                   (6,546)          (23,704)        (4,569)           (60,227)
                                            -------           -------      ---------          ---------
                                              7,944           (22,863)        10,556            (57,878)
                                            -------           -------      ---------          ---------
Profit/ (Loss) after Taxation                68,145           (44,743)        22,265            (87,274)
                                            -------           -------      ---------          ---------
                                                                        Rupees
Earnings/ (Loss) -per share                    18.17            (11.93)          5.94             (23.27)
                                            -------           -------      ---------          ---------

We will be sending you 200 Copies of printed accounts for distribution amongst the Members of the Exchange in due course of time.

For more information, contact:
Mujahid Bashir
Company Secretary
The Premier Sugar Mills and Distillery Company Limited
King’s Arcade, 20-A,
Markaz F-7, P.O. Box 1529,
Islamabad.
Tel: (051) 2650805-7
Fax: (051) 2651258-6

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