The Premier Sugar Mills and Distillery Company Limited’s financial results for the quarter and nine months ended 30 June 2012

Karachi, July 30, 2012 (PPI-OT): We would like to inform you that the Board of Directors in the Meeting held on Friday 27 July, 2012 at 11:30 am, have approved the following financial results for the Quarter and nine months ended on 30 June, 2012:

For the 3rd Quarter

Cumulative

April, – June,

April, – June,

Oct, – June,

Oct, – June,

2012

2011

2012

2011

Rupees in thousand

Turnover – Local

362,990

5,445

1,326,763

397,954

Export

77,290

0

90,430

0

——-

——

———

——-

430,280

5,445

1,416,193

397,954

Less: Sales Tax and Federal
Excise Duty

15,353

849

93,754

15,742

——-

——

———

——-

414,927

4,596

1,322,439

382,212

Cost of Sales

464,133

(26,024)

1,423,942

491,307

——-

——

———

——-

Gross (loss) Profit

(49,206)

30,620

(101,503)

(109,095)

Administrative Expenses

17,523

12,940

60,371

42,779

Distribution Cost

1,628

280

9,900

1,021

Other Operating Expenses

3

0

234

5

——-

——

———

——-

19,154

13,220

60,505

43,805

——-

——

———

——-

(68,360)

17,400

(162,008)

(152,900)

Other Operating Income

21,831

37,641

79,795

109,338

——-

——

———

——-

(46,629)

66,041

(82,213)

(43,662)

Finance Cost

21,077

23,666

62,939

38,229

——-

——

———

——-

(Loss) / Profit – before Taxation

(67,606)

31,375

(145,152)

(81,788)

Taxation –
Current

773

(1,375)

2,281

72

Prior years

68

0

68

0

Deffered

(23,704)

8,036

(60,227)

(30,857)

——-

——

———

——-

(22,853)

6,661

(57,878)

(30,785)

——-

——

———

——-

(Loss) / Profit – after Taxation

(44,743)

24,714

(87,274)

(51,003)

——-

——

———

——-

Rupees

(Loss) / Earnings per Share

(11.93)

8.59

(23.27)

(13.60)

For more information, Contact:
Mujahid Bashir
Company Secretary
The Premier Sugar Mills and Distillery Company Limited
King’s Arcade, 20-A,
Markaz F-7, P.O. Box 1529,
Islamabad.
Tel: (051) 2650805-7
Fax: (051) 2651258-6

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