Sakrand Sugar Mills Limited’s Financial Results For The Half Year Ended March 31, 2011

 

Karachi: We have to inform you that the Board of Directors of the Company has approved the accounts for the Half Year ended March 31, 2011 on May 23, 2011 at 41-K, P.E.C.H.S., Karachi declaring no entitlement for the shareholders.

The financial results of the Company are as follows:

 For The Half Year EndedFor The Quarter Ended
March 31, 2011201020112010
RupeesRupeesRupeesRupees
Sales – Net2,540,483,1652,128,532,7061,894,291,6521,662,891,885
Cost of sates(2,427,902,812)(1,996,686,368)(1,823,390,977)(1,609,023,744)
 ————-————-————-————-
112,580,353131,846,33870,900,67553,868,141
Operating expenses    
Administrative expenses47,613,06843,667,46625,304,50623,885,002
Distribution cost2,416,1441,785,8641,720,5921,346,721
 ————-————-————-————-
50,029,21245,453,33027,025,09825,231,723
————-————-————-————-
Operating profit62,551,14186,393,00843,875,57728,636,418
 ————-————-————-————-
Finance costs37,490,87036,087,16119,695,35018,231,179
Other charges71,571404,34038,571304,340
Income on long term investment(4,845,835)-(4,845,835)-
Other loss/ (gain)15,979(15,280)20,079(14,200)
 ————-————-————-————-
32,732,58536,476,22114,908,16518,521,319
————-————-————-————-
Profit before taxation29,818,55649,916,78728,967,41210,115,099
Taxation    
Current(25,405,029)(10,642,740)(18,943,073)(8,314,530)
Prior(40,363)-(40,363)-
Deferred(1,954,423)-4,940,011-
 ————-————-————-————-
(27,399,815)(10,642,740)(14,043,425)(8,314,530)
————-————-————-————-
Profit after taxation2,418,74139,274,04714,923,9871,800,569
 ————-————-————-————-
Earnings per shareRs.      0.11Rs.     1.76Rs.      0.67Rs.      0.08
 ————-————-————-————-

For more information, contact:

Mustafa Kanani

Company Secretary

Sakrand Sugar Mills Limited

41-K, Block-6,

P.E.C.H.S., Karachi-75400,

Pakistan.

UAN: +9221 111-48-48-48

Tel: +9221 34531642

Fax: +9221 34546456

Email: admin@sakrandsugar.com