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Chakwal Spinning Mills Limited’s financial results for the 3rd quarter ended March 31, 2012

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11:00 a.m. on Monday, April 30, 2012 has recommended no cash dividend, bonus or right issue of the shares for the 3rd quarter ended March 31, 2012. The financial results of the Company during this period are as follows:

Nine Month Ended

Quarter Ended

Un-audited

Un-audited

Un-audited

Un-audited

Quarter

Period

Quarter

Period

Ended

Ended

Ended

Ended

31-Mar-12

31-Mar-11

31-Mar-12

31-Mar-11

(Rupees)

(Rupees)

(Rupees)

(Rupees)

(`000)

(`000)

(`000)

(`000)

Sales 1,524,424 1,784,958 565,759 726,001
Cost Of Sales (1,429,708) (1,613,235) (490,731) (660,869)

———

———

——-

——-

Gross Profit

94,716

171,723

75,028

75,132

Operating expenses:
Distribution cost

(14,753)

(12,917)

(7,571)

(4,739)

Administrative Expenses

(28,228)

(25,205)

(10,209)

(9,900)

(42,981)

(38,122)

(17,780)

(4,639)

Operating Profit

51,735

133,601

57,248

60,493

———

———

——-

——-

Finance Cost

(30,412)

(44,698)

(9,074)

(17,912)

Other Operating Expenses

(815)

(529)

Other Operating Income

1,210

3,097

82

630

———

———

——-

——-

Profit/(Loss) Before Taxation

22,533

91,185

48,256

42,682

Provision for Taxation

(15,305)

(16,890)

(5,708)

(6,963)

———

———

——-

——-

Profit/(Loss) After Taxation

7,228

74,295

42,548

35,719

———

———

——-

——-

Earning/(Loss) Per Share- Basic

0.18

1.86

1.06

0.89

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 & 5717510-17
Fax: +92 42 5764036, 5764043 & 5757105
E-mail: ksml@pol.com.pk

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