Cherat Cement Company Limited’s Financial Results for the Half Year Ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of the company in its meeting held on Tuesday, January 7, 2012 at 2:30 p.m. at the Head Office of the Company at Modern Motors House, Beaumont Road, Karachi, has recommended the following:

 

(i) Cash Dividend             Nil

 

(ii) Bonus Issue              Nil

 

(iii) Right Issue             Nil

 

The financial results of the company for the half year ended December 31, 2011 are annexed herewith.

 

We will be sending you copies of printed accounts for distribution amongst the members of the Exchange.

 

Condensed Interim Profit and Loss Account (Unaudited) for the Half Year Ended December 31, 2011

 

     Half Year Ended Quarter Ended
    December 31, December 31, December 31, December 31,
  Note 2011 2010 2011 2010
     

(Rupees ‘000)

 
Turnover-net 9 2,496,381 1,822,908 1,329,498 1,119,330
Cost of sales   (2,079,849)  (1,592,794) (980,436) (968,503)
Gross profit    417,032 230,114 349,062 151,336
Distribution costs   (69,945) (59,068) (37,919) (29,318)
Administrative expanses   (56,053) (52,340)  (31,427) (26,896)
Other operating expenses 10 (8,347)  (6,559)  (7,532) (617)
     (134,350) (117,967)  (76,878) (56,831)
Other operating income 11 17,812  5,392 3,690 3,007
Operating profit   300,494 117,539 280,874 97,512
Finance costs 12 (186,160) (135,267) (88,629) (72,121)
Profit/ (loss) before taxation   114,334 (17,728) 192,245 25,391
Taxation          
Current 13 (25,293) (18,375) (12,852) (11,322)
Deferred   536 47,371 (22,660) (13,460)
     (24,762) 28,996 (35,512) (24,782)
Profit after taxation   89,572 11,268 156,733 609
Earnings per share – basic 14 Re. 0.94 Re. 0.12 Re. 1.64 Re. 0.01

 

The annexed, notes from 1-to 17 form an integral pert of these condensed interim financial statements.

 

For more information, Contact:

Cherat Cement Company Limited

Modern Motors House, Beaumont Road,

Karachi- 75530, Pakistan.

UAN: (9221)111-000-009

Tel: (9221) 35683566-35683567-35688348

Fax: (9221) 35683425

E-mail: cherat@gfg.com.pk

Web: www.cheratcement.com

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