The Premier Sugar Mills and Distillery Company Limited’s financial results for the year ended 30 September, 2012

Karachi, January 04, 2013 (PPI-OT): We have to inform you that the Board of Directors in the Meeting held on Friday 04 January, 2013 at 11:30 a.m. have approved the following financial results for the year ended 30 September, 2012.

The Financial results of the Company are as follows:-

Year Ended

2012

2011

(Rupees in thousand)

Sales-Net

1,490,368

395,059

Cost of sales

1,651,096

732,500

———

——-

Gross Loss

(160,728)

(337,441)

Distribution cost

19,132

1,848

Administrative expenses

72,937

56,262

Other operating expenses

234

5

———

——-

92,303

58,113

———

——-

(253,031)

(395,554)

Other operating income

99,202

136,238

———

——-

Loss from operations

(153,829)

(259,316)

Finance cost

90,706

68,670

———

——-

Loss before taxation

(244,535)

(327,986)

Taxation
Current

3,351

1,709

Prior

(1,649)

(2,675)

Deferred

(84,191)

(134,464)

———

——-

(84,989)

(135,420)

———

——-

Loss after taxation

(169,546)

(192,565)

———

——-

Rupees

Loss per share

(42.55)

(51.34)

The Annual General Meeting of the Company will be held on 31 January, 2013 at 11:30 am at the Registered Office of the Company at Mardan.

For more information, contact:
The Premier Sugar Mills and Distillery Company Limited
King’s Arcade, 20-A,
Markaz F-7, P.O. Box 1529,
Islamabad.
Tel: (051) 2650805-7
Fax: (051) 2651258-6

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