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Chashma Sugar Mills Limited’s financial results for the year ended 30 September, 2012

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Karachi, January 04, 2013 (PPI-OT): We have to inform you that the Board of Directors in the Meeting held on Friday 04 January, 2013 at 11:00 a.m. have approved the following financial results for the year ended 30 September, 2012.

The Financial results of the Company are as follows:-

Year Ended

2012

2011

(Rupees in thousand)

Sales

5,848,891

5,882,738

Cost of sales

5,702,814

5,186,437

———

———

Gross Profit

146,077

696,301

Distribution cost

15,586

13,154

Administrative expenses

118,728

98,492

Other operating expenses

275

12,591

Other Operating income

(85,835)

(40,161)

———

———

48,754

84,076

———

———

Profit from operations

97,323

612,225

Finance cost

336,390

446,734

———

———

(Loss)/ Profit before taxation

(239,067)

165,491

Taxation
Current

30,688

58,844

Prior

98

(10,947)

Deferred

(50,882)

(23,016)

———

———

(20,096)

24,881

———

———

(Loss)/ Profit after taxation

(218,971)

140,610

———

———

Rupees

(Loss)/ Earnings per share

(7.63)

4.90

The Annual General Meeting of the Company will be held on 31 January, 2013 at 11:00 am at the Registered Office of the Company at Nowshehra Road Mardan.

The Share Transfer Books of the Company will remain closed from 21 January, 2013 to 30, January 2013 (both days inclusive). Transfers received at the Registered Office of the Company at the close of business on 20 January, 2013 will be treated in time.

For more information, contact:
Mujahid Bashir
Company Secretary
Chashma Sugar Mills Limited
King’s Arcade, 20-A,
Markaz F-7, Post Box No.1529,
Islamabad.
Tel: 051-2650805-7
Fax: 051-2651285-6

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