Sanghar Sugar Mills Limited’s financial results for the first quarter ended December 31, 2012

Karachi, January 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, January 26, 2013 at 11:00 a.m. 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 the first quarter ended December 31, 2012 and decided not to declare any interim dividend. The financial results of the Company are as follows:

Un-Audited

Un-Audited

Dec 31

Dec 31

2012

2011

(Rupees in ‘000)

Sales954,060731,479
Cost of sales904,414703,350
——-——-
Gross profit49,64628,129
Distribution cost1,966914
Administrative expenses22,63518,938
——-——-
24,60119,852
Other operating expenses1,206492
Finance cost14,41210,198
——-——-
15,61810,690
——-——-
9,427(2,413)
Other operating income1,52748
——-——-
Profit/ (loss) before taxation10,954(2,365)
Taxation13,851(1,092)
——-——-
Loss after taxation(2,897)(1,273)
——-——-
Earning per share-Basic and diluted (Rupees)(0.24)(0.11)

For more information, contact:
Sanghar Sugar Mills Limited
101 – 1st Floor, Ocean Centre,
Talpur Road, Karachi – Pakistan.
Tel: 32427171-72, 32416554
Fax: (021) 32410700,
E-mail: ssml@cyber.net.pk

Leave a Reply