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Wednesday, October 28th, 2020

Chakwal Spinning Mills Limited’s financial results for half year ended December 31, 2012

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Karachi, February 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 11:00 a.m. on Thursday, February 28, 2013 has recommended no cash dividend, bonus or right issue of the shares for half year ended December31, 2012. The financial results of the Company during this period are as follows:

Half year ended

Quarter ended

Dec 31, 2012

Dec 31, 2011

Dec 31, 2012

Dec 31, 2011

(Un-Audited)

(Un-Audited)

(Un-Audited)

(Un-Audited)

(Rupees ‘000)

(Rupees ‘000)

(Rupees ‘000)

(Rupees ‘000)

Sales

1,196,699

958,665

658,163

429,974

Cost of Sales

(1,045,471)

(938,977)

(575,634)

(418,983)

———

——-

——-

——-

Gross Profit

151,228

19,688

82,529

10,991

Operating expenses:
Distribution Cost

(26,001)

(7,182)

(12,561)

(3,765)

Administrative Expenses

(21,642)

(18,019)

(11,148)

(9,747)

———

——-

——-

——-

(47,643)

(25,201)

(23,709)

(13,512)

———

——-

——-

——-

Operating Profit/ (Loss)

103,585

(5,513)

58,820

(2,521)

Financial Cost

(18,203)

(20,910)

(9,039)

(10,801)

Other Operating Expenses

(471)

(428)

(624)

(428)

Other Operating Income

975

1,128

975

648

———

——-

——-

——-

Profit/ (Loss) before Taxation

85,886

(25,723)

50,132

(13,102)

Taxation

(9,681)

(9,597)

(5,712)

(4,306)

———

——-

——-

——-

Profit/ (Loss) after Taxation

76,205

(35,320)

44,420

(17,408)

———

——-

——-

——-

Earning/ (Loss) Per Share-Basic

1.91

(0.88)

1.11

(0.44)

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

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