Home / Financial Results / Al-Abbas Sugar Mills Limited’s financial results for the year ended September 30, 2011

Al-Abbas Sugar Mills Limited’s financial results for the year ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Monday, December 26, 2011at 04:00 PM at the Head Office of the Company recommended a final cash dividend for the year ended September 30, 2011 at Rs. 5.00 per share i.e. 50%.

The financial results of the Company are as follows:

Profit and Loss Account Along with Comparative Figures

 

September 11

September 10

(Rupees in thousands)

Continuing operations
Sales- net 6,217,989 6,352,884
Cost of sales  (5,280,399)  (5,596,237)
 ———  ———
Gross profit 937,590 756,647
Distribution cost (93,289) (105,561)
Administrative Expenses  (123,564) (107,319)
Other operating expenses (76,134)  (35,734)
  ———  ———
 (292,987) (248,614)
 ———  ———
Operating profit  644,603 508,033
Finance cost (356,946) (294,245)
Other operating income 36,806 62,271
 ———  ———
Profit before taxation  324,463 276,059
Taxation  (71,657)  (14,350)
———  ———
Net Profit after taxation from continuing operations 252,806 261,709
Discontinued operations
Loss from discontinued operations  (25,943) (56,858)
 ———  ———
Net profit for the year 226,863  204,851
(Rupees)
Earnings per share – From continued operations – basic and diluted 14.56 15.07
Loss per share – From discontinued operations – basic and diluted  (1.49)  (3.27)
——— ———
Earnings per share – For the year ended – basic and diluted 13.07 11.80

 

The Annual General Meeting of the Company will be held on Tuesday, January 31, 2012 at 11:00 AM at Beach Luxury Hotel.

The Share Transfer Books of the Company will remain closed from January 24, 2012 to January 31, 2012 (both days inclusive).

For more information, contact:
Muhammad Iqbal Usman
Chairman
Al-Abbas Sugar Mills Limited
Pardesi House, Survey No. 2/1, R.Y. 16
Old Queens Road Karachi-74000
UAN: (92-21) 111-111-224
Fax: (92-21) 2470090
E-mail: sugar@cyber.net.pk
Web: www.aasml.com

Leave a Reply

Scroll To Top