Crescent Jute Products Limited’s financial results for the quarter ended September 30, 2011

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Karachi: We have to inform you that the board of Directors of our Company in their Meeting held at 12:00 noon on Saturday the October 29, 2011 have considered and approved the Quarterly Un-Audited Accounts for the period ended September 30, 2011 and the Board of Directors recommended the following:

(i) Cash Dividend

Nil

(ii) Bonus Shares

Nil

(iii) Right Shares

Nil

(iv) Any Other entitlement/Corporate Action

Nil

(v) Any other Price-Sensitive Information

Nil

The financial results of the Company for the period ended September 30, 2011 are as follows:-

 

	September 30, 2011	September 30, 2010
	Rupees	Rupees
Sale	16,961,379	53,194,537
Cost of Sales	(35,262,359)	(57,066,071)
	———-	———-
Gross Loss	(18,300,980)	(3,871,534)
Distribution Cost	(988,983)	(3,837,436)
Administrative Expenses	(12,538,131)	(17,624,765)
Other Operating Expenses	(13,141,669)	(1,466,284)
	———-	———-
	(26,668,783)	(22,928,485)
	———-	———-
	(44,969,763)	(26,800,019)
Other Operating Income	743,158	894,634
	———-	———-
Loss from Operations	(44,226,605)	(25,905,385)
Finance Cost	8,077,020	11,339,576
Loss before Taxation	(52,303,625)	(37,244,961)
	———-	———-
Provision for Taxation	2,731,843	2,422,248
	———-	———-
Loss after Taxation	(49,571,782)	(34,802,731)
	———-	———-
Loss per Share-Basic and Diluted (Rupees)	(2.09)	(1.46)

 

For more information, contact:
Crescent Jute Products Limited
8th Floor, Habib Bank Building,
Circular Road, Faisalabad.
Tel: +92-41-2637168
Fax: +92-41-2618996
E-mail: info@cresjute.com.pk
URL: www.cresjute.com.pk