Sanghar 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 our Company in their meeting held on May 27, 2011 at 11:00 an. at the registered office: 101-1st Floor, Ocean Centre, Talpur Road, Karachi, have approved the Un-audited Condensed Interim Financial Information of the Company for six months period ended March 31, 2011 and decided not to declare any interim dividend. The financial results of the Company are as follows:

 Six months period endedQuarter ended
Mar 31Mar 31Mar 31Mar 31
2011201020112010
(Rupees in ’000′)
Sales1,006,166711,480786,631352,230
Cost of sales875,022510,326700,852230,171
 —————–——-——–
Gross profit131,144201,15485,779122,059
Distribution cost1,9711,1741,531896
Administrative expenses46,25137,05329,12220,921
 —————–——-——–
48,22238,22730,65321,817
Other operating income5,607907933883
 —————–——-——–
88,529163,83456,059101,125
Finance cost30,24728,69926,42523,857
Other operating charges5,24210,5012,9746,289
 —————–——-——–
35,48939,20029,39930,146
—————–——-——–
Net profit before taxation53,040124,63426,66070,979
Taxation10,85544,73271924,881
 —————–——-——–
Net profit after taxation42,18579,90225,94146,098
 —————–——-——–
Earnings per share – Basic and diluted3.536.692.173.86
 —————–——-——–

For more information, contact:

Company Secretary

Sanghar Sugar Mills Limited

101 – 1st Floor, Ocean Centre,

Talpur Road, Karachi – Pakistan.

Tel: +9221 32427171-72

Fax: +9221 32410700,

E-mail: ssml@cyber.net.pk