Shahmurad Sugar Mills Limited’s financial results for the period ended 30th June 2012

Karachi, July 26, 2012 (PPI-OT): We have to inform you that Board of Directors of our Company in their meeting held at 11.30 a.m. on Thursday, 26th July 201.2 recommended the following:

1. Cash Dividend

An Interim Cash Dividend for the quarter ended 30th June 2012 @ Rs. NIL per share. This is in addition to Interim Dividend already declared at Rs. NIL per share i.e. NIL.

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 %.

Right Shares:

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

The Profit and Loss Account for the period ended 30th June 2012 is annexed herewith.

Shahmurad Sugar Mills Limited

Condensed Interim Profit and Loss Account (Un-Audited)

For The Nine Months Period Ended 30th June 2012

For the Nine Months

For the Quarter

October to June

April to June

2012

2011

2012

2011

(Rupees in thousand)

Sales

4,436,699

3,057,161

1,711,788

673,321

Cost of Sales

(3,858,741)

(2,393,476)

(1,576,724)

(494,943)

———

———

———

——-

Gross profit

577,958

663,685

135,064

178,378

Distribution expenses

(74,627)

(64,961)

(28,917)

(22,564)

Administrative expenses

(89,490)

(82,638)

(30,129)

(26,989)

Other Operating Charges

(14,103)

(21,718)

1,250

1,695

———

———

———

——-

(178,220)

(169,317)

(57,796)

(47,858)

———

———

———

——-

Operating Profit

399,738

494,368

77,268

130,520

Other Operating Income

15,596

3,358

8,965

366

———

———

———

——-

415,334

497,726

86,233

130,886

Finance Cost

(260,598)

(341,398)

(105,315)

(156,375)

———

———

———

——-

Profit/(Loss) before Taxation

154,736

156,328

(19,032)

(25,489)

Taxation

(47,262)

(37,268)

25,060

54,348

———

———

———

——-

Profit/ (Loss) for the period after taxation

107,474

119,060

5,978

28,859

———

———

———

——-

Earnings per share-Basic and Diluted – Rupees

5.09

5.64

0.28

1.37

For more information, Contact:
M. Yasin Mughal
Company Secretary
Shahmurad Sugar Mills Limited
96-A, Sindh Muslim Housing Society,
Karachi-74400, Pakistan
Tel: 34550161-63, 34550030-31,
Fax: (92-21) 34556675