Al-Noor Sugar Mills Limited’s financial results for the period ended 30TH June 2012

Karachi, July 30, 2012 (PPI-OT): Assalam-o-Alaikum:

We have to inform you that Board of Directors of our Company in their meeting held at 11.00 a.m. on Friday, 27th July 2012 recommended the following:

i) Cash Dividend:

A Cash Dividend for the period ended 30th June 2012 @ Rs. Nil per share. Interim Dividend has already been paid at Rs. Nil per share i.e. Nil %.

ii) Bonus Issue:

It has been recommended by the Board of Directors to issue Interim Bonus Shares in the proportion of Nil shares for every Nil shares held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.

iii) Right Shares:

The Board has also recommended to issue Nil % Right Shares at par/at a premium of Rs. Nil per share in proportion of Nil shares for every Nil shares.

The Profit and Loss Account for the period ended 30th June 2012 is annexed herewith.

Condensed Interim Profit and Loss Account (Un-Audited) for the Nine Months Period Ended 30TH June, 2012

For Nine Months

For the quarter

October-June

April-June

2012

2011

2012

2011

(Rupees in ‘000’)

Sales

4,522,838

4,335,917

1,685,851

1,092,521

Cost of sales

(3,845,584)

(3,460,027)

(1,546,329)

(704,139)

———

———

———

———

Gross profit

677,254

875,890

139,522

388,382

Profit from trading activities

2,585

2,203

998

1,253

Other operating income

11,187

11,599

8,356

3,379

———

———

———

———

13,772

13,802

9,354

4,632

———

———

———

———

691,026

889,692

148,876

393,014

Administration expenses

(251,644)

(208,011)

(78,884)

(70,211)

Selling and Distribution expenses

(32,122)

(13,873)

(11,932)

(2,568)

Other operating expenses

(6,450)

(26,354)

3,839

(12,409)

Finance cost

(314,135)

(287,516)

(135,781)

(140,718)

Share of Profit of Investment in associate

16,793

18,603

934

4,509

———

———

———

———

(587,558)

(517,151)

(221,824)

(221,397)

———

———

———

———

Profit/ (Loss) before taxation

103,468

372,541

(72,948)

171,617

Taxation

(36,085)

(53,568)

26,486

(14,665)

———

———

———

———

Profit / (Loss) after taxation

67,383

318,973

(46,462)

156,952

———

———

———

———

Earnings per share – Basic and diluted- (Rupees)

3.63

17.18

(2.50)

8.45

For more information, Contact:
Al-Noor Sugar Mills Limited
96-A Sindhi Muslim Housing Society,
Karachi- 74400, Pakistan
Tel: 34550161-63, 34550030-31
Fax: (92-21) 34556675
E-mail: alnoor@dslplus.net.pk

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