Shahtaj Sugar Mills Limited’s un-audited accounts for the quarter ended December 31, 2012

Karachi, January 29, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors of our Company in their meeting held today at 11.30 A.M. have not recommended any cash dividend or any other benefit.

The financial results of the Company are as follows:

31 December

31 December

2012

2011

(Rupees in thousand)

Sales-net

737,055

1,126,453

Cost of sales

698,217

1,011,340

——-

———

Gross Profit

38,838

115,113

Distribution cost

1,441

1,991

Administrative expenses

37,920

35,356

Other operating expenses

1,668

6,554

Other operating

(12,142)

(4,932)

——-

———

28,887

38,969

Operating profit

9,951

76,144

Finance Cost

160

233

——-

———

9,791

75,911

Share of profit/ (loss) of associates-net

-

-

——-

———

Profit before taxation

9,791

75,911

Taxation

3,427

27,000

——-

———

Net profit for the period

6,364

48,911

——-

———

Earnings per share-basic (Rupees per share)

0.53

4.07

For more information, contact:
Shahtaj Sugar Mills Limited
19, Dockyard Road, West Wharf,
P.O. Box No. 4766, Karachi – 74000 (Pakistan)
Phones: (92-21) 32313934-368, 32312834, 32310973
Fax: (92-21) 32310623, 32205723
E-mail: jamilbutt@shahtaj.com

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