Karachi: We have to inform you that Board of Directors of our Company in their meeting held on Thursday, 26th May 2011 at 4.00 p.m. recommended the following:
i) CASH DIVIDEND
Cash Dividend for the Half Year ended 31st March 2011 @ Re.NIL per share. Interim Dividend has already been paid at Rs. NIL per share i.e. NIL %.
2) Bonus Issue:
It has also been recommended by the Board of Directors to issue Bonus Share in the proportion of NIL shares for every NIL share held i.e. NIL %. Thus Bonus Share will be entitled/not entitled for the Right Share.
iii) Right Shares
The Board also recommended ti issue NIL% Right Shares at par/at a perium of Rs.NIL per share in proportion of NIL shares for every NIL shares.
The profit and loss Accounts for the period ended 31st March 2011 is annexed herewith.
| For the half year | For the Quarter | |||
| October to March | January to March | |||
| 2011 | 2010 | 2011 | 2010 | |
| Sales | 2,383,840 | 1,607,683 | 1,533,929 | 642,652 |
| Cost of Sales | (1,898,533) | (1,329,971) | (1,165,691) | (577,095) |
| ——— | ——— | ——— | ——– | |
| Gross Profit | 485,307 | 277,712 | 368,238 | 65,557 |
| Distribution expenses | (42,397) | (32,042) | (31,732) | (16,662) |
| Administration expenses | (55,649) | (54,373) | (30,358) | (32,420) |
| Other Operating Charges | (23,413) | (5,575) | (21,553) | (862) |
| ——— | ——— | ——— | ——– | |
| (121,459) | (91,990) | (83,643) | (49,944) | |
| ——— | ——— | ——— | ——– | |
| Profit from operations | 363,848 | 185,722 | 284,595 | 15,613 |
| Other Operating Income | 2,992 | 1,166 | 2,955 | 3,713 |
| ——— | ——— | ——— | ——– | |
| 366,840 | 186,888 | 287,550 | 19,326 | |
| Finance Cost | (185,023) | (157,064) | (128,821) | (104,744) |
| ——— | ——— | ——— | ——– | |
| Profit / (Loss) before taxation | 181,817 | 29,824 | 158,729 | (85,418) |
| Taxation | (91,616) | (8,251) | (70,211) | 18,794 |
| ——— | ——— | ——— | ——– | |
| Profit / (Loss) after taxation | 90,201 | 21,573 | 88,518 | (66,624) |
| ——— | ——— | ——— | ——– | |
| Earning per share-Based and | ||||
| Diluted-Rupees | 4.27 | 1.02 | 4.19 | -3.15 |
For more information, contact:
M.Yasin Mughal
Company Secretary
Shahmurad Sugar Mills Limited
96-A, Sindhi Muslim Housing Society,
Karachi-74000, Pakistan
Tel: +9221 34550161-63
Fax: +9221 34556675
E-mail: alnoor@dispuls.net.pk