Karachi, May 31, 2012 (PPI-OT): We have to inform you that the Board of Directors of Crescent Sugar Mills and Distillery Limited in their Meeting held today at 19:30 a.m. at Faisalabad have recommended the following:
(i) Cash Dividend
An Interim Cash Dividend for the quarter ended March 31, 2012 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend(s) already paid at Rs. Nil per share i.e. Nil %.
(ii) Bonus Shares
It has been recommended by the Board of Directors to issue interim Bonus shares in proportion of Nil shares(s) for every Nil share(s) held i.e. Nil %. This is in addition to the Interim Bonus Shares already Issued @ Nil %.
(iii) Right Shares
The Board has recommended to Issue Nil %, shares at par/at a discount/ premium of Rs. Nil per share in proportion of Nil Share(s) being declared simultaneously will be twill not be applicable on Bonus Shares as declared above.
(Rupees in ‘000’) | ||||
Half Year Ended |
Quarter Ended |
|||
March 31 |
March 31 |
March 31 |
March 31 |
|
2012 |
2011 |
2012 |
2011 |
|
Continuing Operations: | ||||
Sales |
1,962,764 |
2,378,591 |
1,069,882 |
1,284,750 |
Cost of Sales |
(1,791,947) |
(2,161,354) |
(959,389) |
1,180,555 |
———– |
———— |
———– |
———– |
|
Gross Profit |
170,817 |
217,237 |
110,493 |
104,195 |
Distribution Cost |
(48,238) |
(50,309) |
(27,693) |
(25,660) |
Administrative Expenses |
(32,733) |
(28,386) |
(17,613) |
(15,974) |
Other Operating Expenses |
(3,461) |
(6,672) |
(3,461) |
(3,584) |
———– |
———— |
———– |
———– |
|
(84,432) |
(85,367) |
(48,767) |
(45,218) |
|
———– |
———— |
———– |
———– |
|
86,385 |
131,870 |
61,726 |
58,977 |
|
Other Operating Income |
515 |
23,013 |
308 |
247 |
———– |
———— |
———– |
———– |
|
Profit From Operations |
86,900 |
154,883 |
62,034 |
59,224 |
Finance Cost |
(35,697) |
(34,903) |
(18,475) |
19,802 |
———– |
———— |
———– |
———– |
|
Profit Before Taxation |
51,203 |
119,980 |
43,559 |
39,422 |
Provision For Taxation |
(19,539) |
(24,199) |
(10,611) |
(18,069) |
———– |
———— |
———– |
———– |
|
Profit After Taxation From | ||||
Continuing Operations |
31,664 |
95,781 |
32,948 |
21,353 |
Discontinued Operations: | ||||
(Loss)/Profit After Taxation From | ||||
Discontinued Operations |
(4,520) |
(21,676) |
4,946 |
22,466 |
———– |
———— |
———– |
———– |
|
Profit After Taxation |
27,144 |
74,105 |
37,894 |
43,819 |
Earning Per Share Basic | ||||
and Diluted (Rupees) | ||||
Continuing Operations |
1.48 |
4.18 |
1.54 |
1.00 |
———– |
———— |
———– |
———– |
|
Discontinued Operations |
(0.21) |
(1.01) |
0.23 |
(1.05) |
For more information, Contact:
Samiullah
Company Secretary
Crescent Cotton Mills Limited
New Lahore Road,
Post Box No. 11, Faisalabad – Pakistan
Tele: 041-8752111-14
Fax: 041-8750366
E-mail: info@cresaentsugr.com