Shahmurad Sugar Mills Limited’s financial results for the period ended 30th June 2011

Karachi: We have to inform you that Board of Directors of our Company in their meeting held at 4.00 p.m. on Thursday, 28th July 2011 recommended the following:

i) Cash Dividend:

An Interim Cash Dividend for the quarter ended 30th June 2011 @ Rs. NIL per share. This is in addition to Interim Dividend already declared at Rs. NIL per share i.e. NIL.

ii) Bonus Issue:

It has been recommended by the Board of Directors to issue Interim Bonus Shares in the proportion of NIL shares for every NIL shares held i.e. NIL%. This is in addition to the Interim Bonus Shares already issued @ NIL %

iii) Right Shares:

The Board has also recommended to issue NIL% Right Shares at par/at a premium of Rs. NIL per NIL shares in proportion of NIL shares for every NIL Shares.

Shahmurad Sugar Mills Limited

Condensed Interim Profit and Loss Account (Un-audited)

For the Nine Months Period Ended 30th June-2011

 

For the Nine Months

For the Quarter

October to June

April to June

2011

2010

2011

2010

(Rupees in thousands)

Sales3,057,1612,806,312673,3211,198,629
Cost of Sales(2,393,476)(2,395,248)(494,943)(1,065,277)
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Gross Profit663,685411,064178,378133,352
Distribution Expenses(64,961)(45,721)(22,564)(13,679)
Administration Expenses(82,638)(78,719)(26,989)(24,346)
Other Operating Charges(21,718)(3,122)1,6952,453
————————————
(169,317)(127,562)(47,858)(35,572)
————————————
Profit from Operations494,368283,502130,52097,780
Other Operating Income3,3583,2773662,111
————————————
497,726286,779130,88699,891
Finance Cost(341,398)(265,913)(156,375)(108,849)
————————————
Profit / (Loss) before taxation156,32820,866(25,489)(8,958)
Taxation(37,268)(9,873)54,348(1,622)
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Profit / (Loss) after taxation119,06010,99328,859(10,580)
————————————
Earnings per shares-Basic and

diluted-Rupees

 5.640.521.37(0.50)

For more information, contact:
M. Yasin Mughal
Company secretary
Shahmurad Sugar Mills Limited
96-A, Sindhi Muslim Housing Society,
Karachi -74400, Pakistan
Tel: +9221 34550161-63
Fax: +9221 34556675
Email: annoor@dslplus.net.pk