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 ENDED QUARTER ENDED
MARCH 31 MARCH 31
2011 2010 2011 2010
(Rupees) (Rupees) (Rupees) (Rupees)
Sales-Net 3,460,419,121 4,514,159,397 2,831,296,730 1,052,717,722
Cost of Sales (2,787,473,446) (4,298,649,028) (2,318,924,737) (1,093,234,773)
————— ————— ————— —————
Gross Profit / (Loss) 672,945,675 215,510,369 512,371,993 (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 income 4,242,675 6,492,884 2,667,643 3,160,861
————- ————- ————- ————-
(167,682,779) (123,053,499) (122,250,777) (80,060,588)
————- ————- ————- ————-
Operating profit/ (loss) 505,262,896 92,456,870 390,121,216 (120,577,639)
Finance cost (262,793,367) (229,226,152) (206,547,156) (146,515,076)
————- ————- ————- ————-
Profit /(Loss) before taxation 242,469,529 (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 taxation 207,865,338 (163,358,561) 155,261,093 (276,374,786)
————- ————- ————- ————-
Earnings per share 1.77 (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

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