Chashma Sugar Mills Limited’s financial results for the year ended 30 September, 2011

Karachi: We have to inform you that the Board of Directors in the Meeting held on Wednesday 04 January, 2012 at 11:00 a.m. have approved the following financial results for the year ended 30 September, 2011and recommended to pay Cash Dividend @10% (Re. 10.00 per share) for the year ended 30 September 2011.

The Financial results of the Company are as follows:-

 

Year Ended

2011

2010

Rupees in thousand

Sales – Net 5,882,738 6,362,700
Cost of sales 5,186,437  5,597,467
——-  ——-
Gross Loss  696,301 765,233
Operations expenses
Distribution cost 13,154 14,251
Administrative expenses 98,492 84,156
Other operating expenses 12,591 25,870
Other operating income  (40,161)  (6,984)
——-  ——-
 84,076 117,293
——- ——-
Operating profit 612,225 647,940
Finance Cost 446,734 300,141
 ——- ——-
Profit before taxation 165,491 347,799
Taxation
Current  58,844  63,664
Prior years’  (10,947) (341)
Deferred (23,016) (25,573)
——-  ——-
 24,881  38,432
  ——-   ——-
Profit after taxation 140,610 309,367
——-   ——-
 Rupees
Earnings per share 4.90 10.78

 

The Annual General Meeting of the Company will be held on 31 January, 2012 at 11:00 AM at the Registered Office of the Company at Nowshehra Road, Mardan.

The dividend will paid to those shareholders whom names appear in the Registrar of Members of the Company on 21 January, 2012. Shares transfer books of the Company will remain closed from 21 January, to January, 2012 (Both days inclusive).

Transfers received in order at the Company’s Registrar Office, M/s. Hameed Majeed Associates (Pvt) Limited. HM House 7-Bank Square Lahore, at the close of business on 20 January, 2012 shall entitle the transfers for payment of dividend.

We will be sending you 200 Copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Mujahid Bashir
Company Secretary
Chashma Sugar Mills Limited
King’s Arcade, 20-A,
Markaz F-7, Post Box No.1529,
Islamabad.
Tel: 051-2650805-7
Fax: 051-2651285-6

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