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Cherat Packaging Limited’s financial results for the year ended June 30, 2012

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Karachi, August 13, 2012 (PPI-OT): We have to inform you that the Board of Directors of the Company in its meeting held on Monday, August 13, 2012 at 11:00 a.m. at the Head Office of the Company at Modern Motors House, Beaumont Road, Karachi, has recommended the following:

i) Cash Dividend    : Cash Dividend @ Rs. 1.50 per share i.e. 15%

ii) Bonus Shares    :    Nil

iii) Right Shares   :    Nil

The financial results of the Company for the year ended June 30, 2012 are annexed herewith.

The Annual General Meeting of the Company will be held on Wednesday, October 31, 2012 at 11:00 a.m. at the Registered Office of the Company at 1st Floor, Betani Arcade, Jamrud Road, Peshawar.

The share transfer books of the Company will be closed from Wednesday, October 24, 2012 to Wednesday, October 31, 2012 (both days inclusive). Transfers received at the office of the share registrar of the company M/s. Central Depository Company of Pakistan, CDC House, 99-B, Block “B” S.M.C.H.S, Main Shahrah-e-Faisal, Karachi at the close of business on Tuesday, October 23, 2012 will be treated in time for the purpose of above entitlement.

Profit and Loss Account for the Year Ended June 30, 2012

2012

2011

(Rupees ‘000)

Turn-over

3,256,878

2,471,964

Cost of sales

(2,978,660)

(2,168,243)

———

———

Gross profit

278,228

303,721

Distribution Costs

(39,401)

(29,839)

Administrative expenses

(24,959)

(21,181)

Other Operating expenses

(9,984)

(18,833)

———

———

(74,344)           (69,653)
Other operating income

4,260

2,964

———

———

Operating profit

208,144

237,032

Finance costs

(154,653)

(71,221)

———

———

Profit before taxation

53,491

165,811

Taxation
Current

(32,681)

(26,037)

Deferred

50,721

47,681

———

———

18,040

21,644

———

———

Profit for the year

71,531

187,455

———

———

Restated

Earnings per share – basic and diluted

Rs. 4.16

Rs. 10.89

For more information, contact:
Amer Faruque
Chief Executive
Cherat Packaging Limited
Modern Motors House, Beaumont Road,
Karachi – 75530, Pakistan
UAN: (92-21) 111-000-009
Tel: (92-21) 36683566-67
Fax: (92-21) 35683425
E-mail: cherat@gfg.com.pk
Web: www.gfg.com.pk

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