Karachi:We have to inform you that the Board of Directors of our company in their Meeting held at 10:00 A.M. On Wednesday the 25th May, 2011 has not recommended any Interim Dividend.
The financial results of the Company i.e. complete Profit and Loss Account with comparative figures of corresponding period, as approved by the Directors, are placed below:
| Half Year Ended | Quarter Ended | |||
| 31 March | 31 March | 31 March | 31 March | |
| 2011 | 2010 | 2011 | 2010 | |
| Sales | 2,431,189,857 | 762,690,664 | 1,803,114,835 | 471,727,012 |
| Cost of sales | (2,183,560,496) | (869,019,316) | (1,594,281,625) | (586,724,255) |
| ————– | ————– | ————– | ————– | |
| Gross Profit/(Loss) | 247,629,361 | (106,328,652) | 208,833,210 | (114,997,243) |
| Distribution Cost | (6,730,311) | ( 1,712,726) | (5,150,038) | (665,896) |
| Administrative Expenses | (46,672,979) | (44,852,122) | (26,950,784) | (25,425,222) |
| Other Operating Expenses | (12,528,981) | (58,750) | (12,471,946) | (54,260) |
| ————– | ————– | ————– | ————– | |
| (65,932,271) | (46,623,598) | (44,572,768) | (26,145,378) | |
| ————– | ————– | ————– | ————– | |
| 181,697,090 | (152,952,250) | 164,260,442 | (141,142,621) | |
| Other Operating Income | 9,111,678 | 3,744,697 | 5,559,623 | 3,355,143 |
| ————– | ————– | ————– | ————– | |
| Profit/(Loss) from Operations | 190,808,168 | (149,207,553) | 169,820,065 | (137,787,478) |
| Finance Cost | (26,147,381) | (27,434,736) | (21,668,455) | (24,008,504) |
| ————– | ————– | ————– | ————– | |
| Profit / (Loss) before Taxation | 164,661,387 | (176,642,289) | 148,151,610 | (161,795,982) |
| Taxation | (62,533,244) | 4,180,028 | (56,507,023) | (54,711) |
| ————– | ————– | ————– | ————– | |
| Profit / Loss after Taxation | 102,128,143 | (172,462,261) | 91,644,587 | (161,850,693) |
| ————– | ————– | ————– | ————– | |
| Loss Per Share-Basic and diluted | 8.44 | (14.25) | 7.57 | (13.38) |
| ————– | ————– | ————– | ————– | |
For more information, contact:
Director
Husein Sugar Mills Limited
30 A/E-1, Old FCC, Gulberg III,
Lahore.
Tel: +9242 35762089-90, +9242 35878153
Fax: +9242 5712680
Website: www.huseinsugarmills.com
E-mail: info@huseinsugarmills.com