Corporate Alert: Financial Results for Sugar Mills; Haseeb Waqas, Ansari, Noon, Sakrand, Al – Noor, Faran, Khairpur, Mirpurkhas, Mehran, Premier, Chashma, Sugar Mills, Sanghar, Al-Abbas, Dewan and Tandlianwala Sugar Mills

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Haseeb Waqas Sugar Mills

  • No Cash Dividend
  • No Bonus Shares
  • No Right Shares

Comparison of Key Financials

Financial Results – For the Ninth Month ended 30 June, 2017

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales – Net

884,183,551

880,295,741

0.44%

Cost of Goods Sold

1,114,313,277

1,302,461,629

-14%

Gross (Loss)

(230,129,726)

(422,165,888)

 

Operating Expenses

280,837,218

457,994,731

-39%

Administrative and general

50,707,492

35,828,843

42%

Other Operating Income

38,000

 

(Loss) from operation

(280,799,218)

(457,994,731)

 

Finance Cost

94,326,844

123,352,058

-24%

(Loss) before taxation

375,126,062

(581,346,789)

 

Taxation – Total

89,509,811

39,373,864

127%

Current

 

Deferred

89,509,811

39,373,864

127%

(Loss) after taxation

(285,616,252)

(620,720,653)

 

Loss per share – basic and diluted

(8.82)

(19.16)

 

Ansari Sugar Mills

  • No Dividend
  • No Right Shares
  • No Bonus Shares

Financial Results – For the Nine Months Period Ended June, 2017

 

June, 2017

June, 2016

% Change

Sales – net

1,970,976,884

1,532,054,482

29%

Cost of Sales

1,530,632,193

1,201,191,208

27%

Gross Profit

440,344,691

330,863,274

33%

Operating Expenses

 

 

 

Selling and distribution Expenses

4,478,366

3,926,429

14%

Administrative Expenses

92,484,741

62,252,143

49%

Operating Profit

343,381,584

264,684,702

30%

Finance Cost

279,124,474

258,805,255

8%

Other Income

16,134,728

13,659,010

18%

Profit before taxation

80,391,838

19,538,457

311%

Taxation

29,612,635

7,501,353

295%

Profit/(Loss) after taxation

50,779,203

12,037,104

322%

Earnings/(Loss) per share – basic and diluted

2.08

0.49

324%

 

Noon Sugar Mills Limited

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales – net

3,442,208

1,974,946

74%

Cost of Sales

2,855,790

1,752,526

63%

Gross Profit

586,418

222,420

164%

Distribution and Marketing Expenses

74,115

32,826

126%

Administrative Expenses

96,061

75,855

27%

Other Income

46,200

7,206

541%

Other Expenses

17,800

1,023

1640%

Profit from Operations

444,642

119,922

271%

Finance Cost

141,612

68,936

105%

Profit before Taxation

303,030

50,986

494%

Taxation

34,422

6,564

424%

Profit for the Period

268,608

44,422

505%

Other Comprehensive Income

 

Total Comprehensive Income for the Period

268,608

44,422

505%

Earnings for the Period – Basic and diluted

16.26

2.69

504%

Sakrand Sugar Mills Limited
  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales – net

2,342,933,339

1,528,012,240

53%

Cost of Sales

233,100,497

1,662,420,051

-86%

Gross Profit

11,732,842

(134,407,811)

 

Operating Expenses

     

Administrative Expenses

60,355,573

95,892,234

-37%

Distribution Cost

3,171,234

3,765,129

-16%

Operating Loss

(51,793,965)

(234,065,174)

 

Other Charges

164,337

 

Other Income

2,626,701

13,350

19576%

Unrealized Gain on Loan Amortization

     

Financial Cost

14,436,378

7,910,086

83%

Loss before Taxation

(62,634,762)

(247,499,009)

 

Provision for Taxation

264,639,687

25,976,638

919%

Current

23,429,333

 

Deferred

288,069,020

25,976,638

1009%

Profit/(Loss) after Taxation

202,004,925

(221,522,371)

 

Earnings per Share – Basic and diluted

9.06

(9.93)

 
 
Sanghar Sugar Mills
  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Sales

1,997,677

2,606,767

-23%

Cost of Sales

1,857,578

2,450,139

-24%

Gross Profit/(loss)

140,099

156,628

-11%

Distribution Cost

448

583

-23%

Administration Expenses

64,612

60,806

6%

Other Operating Expense

10,007

22,731

-56%

Operating Profit/(Loss)

65,032

72,508

-10%

Other Income

534

65

722%

Finance Cost

66,036

34,300

93%

Profit/(loss) before Taxation

(470)

38,273

 

Taxation

2,808

26,998

-90%

Profit/(loss) after Taxation

(3,278)

11,275

 

(Loss)/Earning per Share – Basic and diluted

(0.27)

0.94

 

Al-Abbass Sugar Mills

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Sales

4,026,638

4,589,053

-12%

Cost of Sales

3,532,888

3,926,795

-10%

Gross Profit

493,750

662,258

-25%

Profit from Other Reportable Segments – Net

33,803

30,692

10%

Distribution Cost

96,698

86,113

12%

Administration Expenses

85,247

87,041

-2%

Other Operating Expenses

13,658

35,948

-62%

Operating Profit

331,950

483,848

-31%

Finance Cost

81,983

82,940

-1%

Other Income

13,589

25,998

-48%

Profit before Taxation

263,556

426,906

-38%

Taxation

47,793

68,017

-30%

Profit after Taxation

215,763

358,889

-40%

Earnings per Share – Basic and diluted

12

20.67

-40%

Dewan Sugar Mills

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Sales

2,187,885

2,304,280

-5%

Cost of Sales

2,690,446

2,769,802

-3%

Gross (Loss)

(502,561)

465,522

 

Administrative and General Expenses

90,527

75,186

20%

Distribution and Selling Costs

41,870

57,553

-27%

Other Operating Income

1,636

1,321

24%

Other Charges/Income

36,791

70,853

-48%

(Loss) from Operations

(596,531)

(526,087)

 

Finance

59,031

49,635

19%

(Loss) before Income Tax

(655,562)

(575,722)

 

Taxation

14,800

14,038

5%

(Loss) for the period (after Income Tax)

(640,762)

(561,684)

 

(Loss) per Share – Basic

(9.63)

(8.44)

 

 

Tandlianwala Sugar Mills

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Sales – Net

10,878,057,161

15,325,308,891

-29%

Cost of Sales

9,108,061,247

13,470,382,541

-32%

Gross Profit

1,765,995,914

1,854,926,350

-5%

Administrative Expenses

467,378,001

319,204,624

46%

Distribution Expenses

216,233,126

223,281,147

-3%

Other Operating Expense

21,667,610

32,460,296

-33%

Other Income

17,583,219

102,215,179

-83%

Profit from Operation

1,082,300,396

1,382,195,562

-22%

Finance Cost

670,615,810

760,359,980

-12%

Profit/(loss) before Taxation

411,684,586

621,835,481

-34%

Taxation

108,780,572

153,253,089

-29%

Profit/(loss) after Taxation

302,904,014

468,582,392

-35%

Earnings per Share

2.57

3.981

-35%

Al – Noor Sugar Mills Limited

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Nine Months – October to June

Key Financials

Oct, 2017

June, 2016

% Change

Sales

4,298,384.00

5,254,955.00

-18.20%

Cost of Sales

3,783,064.00

4,686,864.00

-19.28%

Gross Profit

515,320.00

568,091.00

-9.29%

 

 

 

 

Profit Before Taxation

(107,515.00)

26,943.00

 

Taxation – Total

52,387.00

17,013.00

207.92%

 

 

 

 

Profit After Taxation

(55,218.00)

9,930.00

 

Earnings per share – basic and diluted

(2.69)

0.49

 

Khairpur Sugar Mills Limited

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales – Net

2,105,195

3,093,903

-31.96%

Cost of Sales

1,916,936

2,834,245

-32.37%

Gross Profit

188,259

259,658

-27.50%

 

 

 

 

(Loss)/Profit before Taxation

(67,435)

49,132

 

Taxation

4,376

(13,879)

-131.53%

(Loss)/Profit after Taxation

(63,058)

35,253

 

(Loss)/Earnings per share-basic and diluted

(3.94)

2.2

 

MirpurKhas Sugar Mills Limited

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Turnover – Net

2,333,390.00

2,297,806.00

1.55%

Cost of Sales

2,306,305.00

2,069,870.00

11.42%

Gross Profit/(Loss)

27,085.00

227,936.00

-88.12%

 

 

 

 

(Loss)/ Profit before Taxation

(142,635.00)

174,467.00

 

Taxation

21,178.00

(73,382.00)

 

(Loss)/ Profit after Taxation

(117,457.00)

101,085.00

 

Earnings per share – basic (Rupees)

(9.57)

8.24

 

 

Faran Sugar Mills Limited

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Sales -net

3,017,839,460.00

5,483,607,463.00

-44.97%

Cost of Sales

2,988,361,684.00

2,064,767,797.00

44.73%

Gross Profit

29,477,776.00

418,839,666.00

-92.96%

 

 

 

 

(Loss)/ Profit before Taxation

(10,716,484.00)

426,365,080.00

 

Taxation

12,166,698.00

(99,957,665.00)

 

(Loss)/ Profit after Taxation

1,450,214.00

326,407,415.00

-99.56%

 

 

 

 

Earnings per share – basic and diluted

0.06

13.05

-99.54%

Mehran Sugar Mills Limited

  • Cash Dividend: Nil
  • Bonus Issue: Nil
  • Right Issue: Nil

For the Period

Key Financials

June, 2017

June, 2016

% Change

Turnover

4,226,991,422

6,106,666,864

-30.78%

Less: Sales Tax/F.E.D

235,598,408

430,840,844

-45.32%

Turnover – Net

3,991,393,014

5,675,826,020

-29.68%

Cost of Sales

3,605,810,580

4,935,707,380

-26.94%

Gross Profit

385,582,434

740,118,640

-47.90%

 

 

 

 

Operating Profit

557,301,798

604,949,539

-7.88%

 

 

 

 

Profit before Taxation

481,496,982

624,095,278

-22.85%

Taxation

83,861,764

134,243,572

-37.53%

Profit after Taxation

397,635,219

489,851,706

-18.83%

 

 

 

 

Earnings per share

12.41

15.29

-18.84%

 

Posted on: 2017-08-01T14:22:00+05:00

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