Shakarganj Foods Limited’s financial results for the period ended September 30, 2011 and December 31, 2011

Karachi: We are pleased to inform you that the Board of Directors of Shakarganj Foods Limited (SKFL) in their meeting held on February 2, 2012 at 11.30 a.m. at Lahore have considered and approved the financial results of Shakarganj Foods Limited for the 1st Quarter period ended September 30, 2011 and half year ended December 31, 2011 and the Board of Directors recommended 31, 2011 following:

(i) Cash Dividend


(ii) Bonus Shares


(iii) Right Shares


(iv) Any Other Entitlement/Corporate Action


(v) Any Other Price Sensitive Information


The financial results of the Company are attached herewith.

Profit and Loss Account for the Period Ended September 30, 2011


Quarter endedYear Ended
NoteSep 2011June 2011
Sales and processing income0,000,00
Cost of sale and processing0,000,00
Gross profit0,000,00
Remission of Long Term Loans0,0031,837,770
Operating Expenses
Administrative expenses60,0096,400
Profit before Taxation0,00(96,400)
Profit after taxation0,0031,741,370
Accumulated loss brought forward(30,048,892)(61,790,262)
Accumulated loss period forward(30,048,892)(30,048,892)
Loss per share – basic7-10,58




Condensed Interim Profit and Loss Account for the Period Ended December 31, 2011


December 31,December 31, 210
Sales and processing income--
Cost of sale and processing--
Gross profit--
Operating Expenses
Administrative expenses622,50045,000
Profit before Taxation(22,500)(45,400)
Profit/ (loss) after taxation(22,500)(45,400)
Profit/ (Loss) per share – basic7(0.01)(0.02)


The annexed notes 1 to 11 form an integral part of these financial statements.

For more information, Contact
Shakarganj Foods Limited
10th Floor, 10-B, Block E-II
Gulberg-III, Lahore,
Phone: #042-5783801-2
Fax: # 042-5873811