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

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 QuarterCumulative
Jan – MarJan – MarOct – MarOct – Mar
2011201020112010
———Rupees in thousand———-
TURNOVER – Local2,767,6261,455,2583,827,5182,577,263
LESS: SALES TAX and SPECIAL EXCISE DUTY115,41075,754162,009134,985
 ————————————
SALES -NET2,652,2161,379,5043,665,5092,442,277
COST OF SALES2,284,4091,275,7843,205,2561,983,496
 ————————————
GROSS PROFIT367,807103,720460,253458,781
DISTRIBUTION COST7,3873,2559,2424,736
ADMINISTRATIVE EXPENSES28,62321,96650,49540,958
OTHER CHARGES18,1001818,12759
OTHER OPERATING INCOME(12,507)(1,191)(19,692)(2,885)
 ————————————
41,60324,04858,17242,868
————————————
PROFIT FROM OPERATIONS326,20479,672402,081415,913
FINANCE COST110,81787,608158,073156,227
 ————————————
PROFIT / (LOSS) BEFORE TAXATION215,387(7,936)244,008259,686
TAXATION – Current26,5976,90336,73012,217
 ————————————
PROFIT / (LOSS) AFTER TAXATION188,790(14,839)207,278247,469
OTHER COMPRIHENSIVF INCOME0000
 ————————————
TOTAL COMPREHENSIVE INCOME / (LOSS} FOR    
THE PERIOD188,790(14,839)207,278247,469
 ————————————
EARNINGS / (LOSS) PER SHARE6.58(0.52)7.228.63
 ————————————

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.