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Karachi: We have to inform you that the Board of Directors of the company in its meeting held on Friday, October 21, 2011 at 3:00 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 period ended September 30, 2011 are annexed herewith.
Condensed Interim Profit and Loss Account (unaudited) for the period ended September 30, 2011
|
September 30, 2011 |
September 30, 2010 |
|
|
(Rupees 000) |
||
| Turnover- net | 1,167,383 | 703,069 |
| Cost of sales | (1,099,413) | (624,291) |
| ——— | ——- | |
| Gross profit | 67,970 | 78,778 |
| Distribution costs | (32,026) | (29,750) |
| Administrative expenses | (24,631) | (25,444) |
| Other operating expenses | (815) | (5,942) |
| ——— | ——- | |
| (57,472) | (61,136) | |
| Other operating income | 9,122 | 2,385 |
| ——— | ——- | |
| Operating profit | 19,620 | 20,027 |
| Finance costs | (97,531) | (63,146) |
| ——— | ——- | |
| Loss before taxation | (77,911) | (43,119) |
| Taxation | ||
| Current | 12,466 | (7,053) |
| Deferred | 23,196 | 60,831 |
| ——— | ——- | |
| 10,750 | 53,778 | |
| ——— | ——- | |
| (Loss) /profit after taxation | (67,161) | 10,659 |
| ——— | ——- | |
| (Loss) /earnings per share- basic | Re. (0.70) | Rs.0.11 |
For more information, contact:
Azam Faruque
Chief Executive
Cherat Cement Company Limited
Modern Motors House, Beaumont Road,
Karachi-75530, Pakistan.
UAN: (9221)111-000-009
Tel: (9221) 35683566
Fax: (9221) 35683425
E-mail: cherat@gfg.com.pk
Web: www.cheratcement.com