Tandlianwala Sugar Mills Limited’s financial results for the Six Months Period Ended 31-03-2011

Karachi: We have to inform you that the Board of Directors in their meeting held on June 17, 2011, recommended the following:-

1. Cash Dividend

No Cash Dividend has been recommended.

2. Bonus Issue

No Bonus Shares have been recommended.

3. Right Shares

No Right Shares at par or at premium have been recommended.

The financial results of the Company are as follows:

 

SIX MONTHS PERIOD ENDEDQUARTER ENDED
MARCH 31MARCH 31
2011201020112010
(Rupees)(Rupees)(Rupees)(Rupees)
Sales-Net3,460,419,1214,514,159,3972,831,296,7301,052,717,722
Cost of Sales(2,787,473,446)(4,298,649,028)(2,318,924,737)(1,093,234,773)
————————————————————
Gross Profit / (Loss)672,945,675215,510,369512,371,993(40,517,051)
Administrative expenses(110,847,127)(113,219,784)(72,406,457)(71,495,460)
Distribution expenses(43,107,975)(16,326,599)(37,641,373)(11,725,989)
Other operating expenses(17,970,352)-(14,870,590)-
Other income4,242,6756,492,8842,667,6433,160,861
————-————-————-————-
(167,682,779)(123,053,499)(122,250,777)(80,060,588)
————-————-————-————-
Operating profit/ (loss)505,262,89692,456,870390,121,216(120,577,639)
Finance cost(262,793,367)(229,226,152)(206,547,156)(146,515,076)
————-————-————-————-
Profit /(Loss) before taxation242,469,529(136,769,282)183,574,060(267,092,715)
Taxation(34,604,191)(26,589,279)(28,312,967)(9,282,071)
————-————-————-————-
Profit / (loss) after taxation207,865,338(163,358,561)155,261,093(276,374,786)
————-————-————-————-
Earnings per share1.77(1.39)1.32(2.35)

For more information, contact:
Ahmad Jehanzeb Khan
Company Secretary
Tandlianwala Sugar Mills Limited
32-N. Gulberg-II,
Industrial Area,
Lahore-54660, Pakistan
Tel: +9242 35712901
Fax: +9242 35710929
E-mail:www.tsmlho@yahoo.com