 PRESS RELEASE |
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| Upper Ganges Sugar & Industries Limited declares its Audited Annual Financial Results for the year ended 30th June, 2008. |
| Kolkata, 22nd August, 2008 |
Upper Ganges Sugar & Industries Ltd. (UGSIL), belonging to the K.K. Birla Group, is amongst the most efficient and rapidly expanding companies in the Sugar Industry. UGSIL owns three sugar factories at Seohara (U.P.), at Sidhwalia (Bihar) and at Hasanpur (Bihar) with an aggregate crushing capacity of about 18000 tonnes of sugarcane per day, a distillery of 100 KLPD at Seohara (U.P.) and Tea Estate in Upper Assam – Cinnatolliah Tea Garden.
Bharat Sugar Mills, Sidhwalia a unit of UGSIL has been granted ISO-14001-2004 certification for the manufacture and sale of sugar and its by-products.
The Board of Directors of UGSIL at its meeting held on the 22nd August 2008 approved the Audited Financial Results for the year ended 30th June, 2008. |
| FINANCIALS AT A GLANCE |
| Rs. in lakhs |
| Particulars |
Year ended 30th June, 2008. |
Year ended 30th June, 2007 |
| Gross Sales |
32841.21 |
35225.82 |
| Profit/(Loss) Before Depreciation and Tax (PBDT) |
1187.62 |
(3149.98) |
| Net Profit /(Loss) |
(629.24) |
(2826.13) |
| EPS (Rs.) |
(5.44) |
(25.15) |
|
|
UGSIL reported a reduction of loss after tax to the tune of Rs. 2196.89 lakhs compared to last year, on a turnover of Rs. 32841.21 lakhs for the year ended 30th June, 2008 due to lower raw material costs and improved realizations.
Capital Projects:
The expansion of crushing capacity at Sidhwalia from 2,500 TCD to 5,000 TCD has been successfully completed during the year. Installation of co-gen power plant of 18 MW capacity at Sidhwalia is under progress and the first phase of increase of crushing capacity at Hasanpur from 1,750 TCD to 3,000 TCD at Rs. 72 crores will be completed at the start of the crushing season 2008-09.
The Company’s shares are listed at the NSE, BSE and CSE and are actively traded having a 52 week high of Rs. 147. |
For further information please contact:
Ms. Swati Jalan / Ms. Sneha Bawari
Communications 2.0
Ph - 9830111376 / 9830454353 |
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