Home / Financial Results / Adam Sugar Mills Limited’s financial results for the year ended 30 September 2011

Adam Sugar Mills Limited’s financial results for the year ended 30 September 2011

Karachi: We have to inform you that Board of Directors of our Company in their Meeting held on Tuesday, 20 December, 2011 at 11:30 a.m. at the registered office of the company, recommended the following:

1) Cash Dividend

A final cash dividend for the year ended 30 September2011 @ 25% (Rs. 2/50 per share).

2) Bonus Shares             Nil

3) Right Shares             Nil

The financial results of the Company are as follows:

 

2011

2010

Rupees

Rupees

Sales – net  2,440,692,655 2,138,540,950
Cost of Sales (2,231,510,507)  (1,920,020,876)
————-  ————-
Gross profit 209,182,148 218,520,074
Administrative expenses  (38,639,728)  (32,907,274)
Selling and distribution expenses (2,270,799)  (1,066,128)
————- ————-
 (40,910,527)  (33,973,402)
 ————-  ————-
Operating Profit 168,271,621  184,546,672
Other operating Income 8,967,218  5,836,550
 ————- ————-
 177,238,839 190,383,222
Finance cost  (97,224,538)  (46,593,758)
Other operating expenses  (5,312,470) (10,082,817)
————-  ————-
Profit before taxation 74,701,831  133,706,647
Taxation  (27,773,985)  (40,911,808)
————- ————-
Profit for the year after taxation 46,927,846 92,794,839
 ————- ————-
Earnings per share – basic and diluted 8.14 16.10

 

The Annual General Meeting of the Company will be held on Saturday, 28 January, 2012 at 9:30 a.m. at the Art Council of Pakistan, M. R. Kiyani Road, Karachi.

The Shares Transfer Books of the Company will remain closed from 22 January, 2012 to 30 January, 2012 (both days inclusive). Transfer received at Company Share Registrar M/s. C and K Management Associates (Pvt) Ltd 4th Floor, 404,Trade Tower, Abdullah Haroon Road, Karachi at the close of business on 21 January, 2012 will be treated in time for attending of meeting.

For more information, contact:
Adam Sugar Mills Limited
Haji Adam Chambers, P. O. Box 4274,
Altaf Hussain Road, New Challi,
Karachi-Pakistan
Phone: 32417812-16, 32401139-43
Fax: 32427560 / 32417907

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