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

By MG News | August 01, 2017 at 02:22 PM GMT+05:00

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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%

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