AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, November 01, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 12:00 noon on Wednesday, October 31, 2012 has recommended no cash dividend, bonus or right issue of the shares for the 1st quarter ended September 30, 2012. The financial results of the Company during this period are as follows:
|
Quarter Ended |
Quarter Ended |
|
|
September 30 |
September 30 |
|
|
2012 |
2011 |
|
|
(Rupees ‘000) |
(Rupees ‘000) |
|
| Sales |
538,536 |
528 691 |
| Cost of Goods Sold |
(469,837) |
(519,994) |
|
——- |
——- |
|
| Gross Profit |
68,699 |
8,697 |
| Operating Expenses: | ||
| Distribution Cost |
(13,440) |
(3,417) |
| Administrative expenses |
(10,494) |
(8,272) |
|
——- |
——- |
|
|
(23,934) |
(11,689) |
|
|
——- |
——- |
|
| Operating (Loss)/ Profit |
44,765 |
(2,992) |
| Financing Cost |
(9,164) |
(10,109) |
| Other Operating Expenses |
(153) |
– |
| Other Operating Income |
– |
480 |
|
——- |
——- |
|
| (Loss)/ Profit before Taxation |
35,448 |
(12,621) |
| Taxation |
(3,969) |
(5,291) |
|
——- |
——- |
|
| (Loss)/ Profit after Taxation |
31,479 |
(17,912) |
| Accumulated Loss Brought |
(120,749) |
(160,614) |
|
——- |
——- |
|
|
(89,270) |
(178,526) |
|
| Transfer from surplus on revalution of property. | ||
| plant and equipment in respect of; | ||
| Incremental depreciation charged in current period- | ||
| Net of deferred tax |
892 |
809 |
|
——- |
——- |
|
|
(88,378) |
(17,717) |
|
|
——- |
——- |
|
| (Loss)/ Earning per Share-Basic |
0.79 |
(0.45) |
For more information, contact:
Muhammad Jahangir Khan
Company Secretary
Chakwal Spinning Mills Limited
7/1- E-3, Main Boulevard,
Gulberg III, Lahore, Pakistan
Tel: +92 42 5757108 and 5717510-17
Fax: +92 42 5764036, 5764043 and 5757105
E-mail: ksml@pol.com.pk