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Saturday, September 19th, 2020

Chashma Sugar Mills Limited’s Financial Results for Half Year Ended March 31, 2011

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Karachi: We are please to inform you that the Board of Directors in the meeting held on Friday May 27, 2011 at 11.00 am, have approved the interim financial results of the Company for half year ended March 31, 2011. The Financial results are as follows:

  For the 2nd Quarter Cumulative
Jan – Mar Jan – Mar Oct – Mar Oct – Mar
2011 2010 2011 2010
———Rupees in thousand———-
TURNOVER – Local 2,767,626 1,455,258 3,827,518 2,577,263
LESS: SALES TAX and SPECIAL EXCISE DUTY 115,410 75,754 162,009 134,985
  ——— ——— ——— ———
SALES -NET 2,652,216 1,379,504 3,665,509 2,442,277
COST OF SALES 2,284,409 1,275,784 3,205,256 1,983,496
  ——— ——— ——— ———
GROSS PROFIT 367,807 103,720 460,253 458,781
DISTRIBUTION COST 7,387 3,255 9,242 4,736
ADMINISTRATIVE EXPENSES 28,623 21,966 50,495 40,958
OTHER CHARGES 18,100 18 18,127 59
OTHER OPERATING INCOME (12,507) (1,191) (19,692) (2,885)
  ——— ——— ——— ———
41,603 24,048 58,172 42,868
——— ——— ——— ———
PROFIT FROM OPERATIONS 326,204 79,672 402,081 415,913
FINANCE COST 110,817 87,608 158,073 156,227
  ——— ——— ——— ———
PROFIT / (LOSS) BEFORE TAXATION 215,387 (7,936) 244,008 259,686
TAXATION – Current 26,597 6,903 36,730 12,217
  ——— ——— ——— ———
PROFIT / (LOSS) AFTER TAXATION 188,790 (14,839) 207,278 247,469
OTHER COMPRIHENSIVF INCOME 0 0 0 0
  ——— ——— ——— ———
TOTAL COMPREHENSIVE INCOME / (LOSS} FOR        
THE PERIOD 188,790 (14,839) 207,278 247,469
  ——— ——— ——— ———
EARNINGS / (LOSS) PER SHARE 6.58 (0.52) 7.22 8.63
  ——— ——— ——— ———

For more information, contact:

Mujahid Bashir

Company Secretary

Chashma Sugar Mills Limited

Kings’s Arcade, 20-A,

Markaz F-7, Post Box No.1529,

Islamabad.

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