Shahtaj Sugar Mills Limited’s Unaudited Accounts for the Quarter Ended 30.06.2011

Karachi: We are pleased to inform you that the Board of Directors of our Company in their meeting held today, Monday the 18th July 2011 at 11.30 A.M., have not recommended any cash dividend or any other benefit.

The financial results of the company are as follows:

Nine Months EndedThree Months Ended
30 June30 June
2011201020112010
(Rupees in thousand)(Rupees in thousand)
Sales3,534,7742,723,2281,175,6051,127,125
Cost of Sales2,894,9112,618,918965,7711,057,239
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Gross Profit / (Loss)639,863104,310209,83469,886
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Distribution Cost5,9275,1331,3521,265
Administrative expenses95,98685,07621,71721,668
Other Operating expenses36,8295,3939,521587
Other Operating income(13,494)(19,721)(3,178)(204)
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125,24875,88129,41223,316
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Operating Profit / (Loss)514,61528,429180,42246,570
Finance Cost74,93956,78442,75130,525
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439,676(28,355)137,67116,045
Share of profit in associates –net12,7994,523--
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Profit (Loss) Before Taxation452,475(23,832)137,67116,045
Taxation151,09125,00646,75318,576
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Net Profit (loss) for the Period301,381(48,838)90,918(2,531)
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Earning per Ordianry shares Basic and Diluted (Rupees)25.09(4.07)7.57(0.21)

We will be sending you required number of Copies of printed account for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
(Mahmood Nawaz)
Director
Shahtaj Sugar Mills Limited
72/C-1, M.M.Alam Road, Gulberg, III,
Lahore-54660, (Pakistan).
Tel: 92-42-35710
Fax: 92-42-35711904
E-mail: shahtajsugar@gmail.com