The Premier Sugar Mills and Distillery Company Limited’s financial results for the quarter and nine months Ended June 30, 2011

Karachi: We have to inform you that the Board of Directors in the Meeting held on Tuesday, July 26, 2011 at 11:30 a.m. have approved the following financial results for the Quarter and Nine months ended 30 June, 2011.

The Financial Results of the Company are as follows:

For the 3rd Quarter

Cumulative

April-JuneApril-JuneOct-JuneOct-June
2011201020112010

Rupees in thousands

Turnover5,44523,411397,954207,539
Less: Sales tax and Federal Excise Duty8492,41615,74215,992
——-——-——-——-
Sales: Net4,59620,995382,212191,547
Cost of Sales(26,024)63,049491,307270,997
——-——-——-——-
Gross Profit / (Loss)30,620(42,054)109,095(79,450)
Administrative expenses12,94020,38642,77950,196
Distribution cost2802091,021561
Other Operating expenses03295634
——-——-——-——-
13,22020,92443,80551,391
——-——-————-
17,400(62,978)(152,900)(130,841)
Other Operating income37,64113,210109,338151,351
——-——-——-——
55,041(49,768)(43,562)20,510
Finance Cost23,6661,47338,2261,573
——-——-——-——-
Profit / (Loss) before Taxation31,375(51,241)(81,788)18,937
Taxation
- Current(1,375)4,889723,884
- Deferred8,036(8,235)(30,857)(2,270)
——-——-——-——-
6,661(3,346)(30,785)1,614
——-——-——-——-
Total Comprehensive income /(Loss) for the Period24,714(47,895)(51,003)15,323
——-——-——-——-
Rupees
Earnings / (Loss) per share6.59(12.77)(13.60)4.09

For more information, contact:
Mujahid Bashir
Company Secretary
The Premier Sugar Mills and Distillery Company Limited
King’s Arcade, 20-A,
Markaz F-7,
P.O. Box 1529,
Islamabad
Tel: +92937 862051
Fax: +92937-862989