Ansari Sugar Mills Limited’s financial results for the period ended December 31, 2011

Financial Results General

Karachi: We have to inform you that the director of the Company approved the accounts for three month period ended December 31, 2011 on February 13, 2012 at Registered office of the company, declaring no dividend for the shareholders. The financial resu1ts of the company are as follows.

The financial results of the Company are as follows:

 

December 31, December 31,
2011 2010
Rupees Rupees
Sales-Net 263,457,970 60,004671
Cost of Sales (227,312,903) (41,038,383)
———– ———–
Gross (loss)/Profit 36,145,067 18,968,288
Operating Expenses ———– ———–
Administrative expenses 15,704,879 12,841,043
Distribution cost 242,449 408,546
———– ———–
15,947,328 13,249,589
Operating (loss)/profit 20,197,739 5,718,699
———– ———–
Financial cost 87,700,939 38,353,828
Other income (4,826,507) (2,313,546)
Other charges 30,190
Workers Profit Participation fund
———– ———–
82,874,432 36,070,472
(Loss)/Profit before taxation (62,676,693) (30,351,773)
Extinguishment of debts-extraordinary item
———– ———–
(62,676,693) (30,351,773)
Provision for taxation 3,886,820 600,067
———– ———–
(Loss)/Profit after taxation (66,563,513) (30,951,840)
Accumulated loss brought forward (31,170,499) 109,881,649
———– ———–
Accumulated loss carried forward (97,734,012) 78,929,809
———– ———–
(Loss)/Earning per share (2.73) (1.27)

 

We will be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Ansari Sugar Mills Limited
H.O. 1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
Karachi – 75350, Pakistan
UAN: 92-21 111-666-447
Ph: 92-21 35655113-4, 35657781-6
Fax: 92-21 35680533