Chashma Sugar Mills Limited’s financial results for the quarter and nine months ended 30 June 2012

Karachi, July 30, 2012 (PPI-OT): We have to inform you that the Board of Directors in the Meeting held on Friday 27 July, 2012 at 11:00 am, have approved the following financial results for the Quarter and nine months ended 30 June, 2012:

For the 3rd Quarter

Cumulative

April – June,

April – June,

Oct – June,

Oct – June,

2012

2011

2012

2011

Rupees in thousand

Sales- Net

328,657

1,091,616

5,142,646

1,773,863

Cost of sales

352,216

1,079,467

4,993,245

4,284,723

———

———

———

———

Gross (loss)/ profit

(23,559)

12,149

149,401

489,140

Distribution cost

821

6,589

13,440

32,569

Administrative expenses

26,159

25,368

93,424

75,863

Other operating expenses

793

1,975

1,036

20,102

———

———

———

———

27,773

33,932

107,900

128,534

———

———

———

———

(51,332)

(21,783)

41,501

360,606

Other operating income

12,015

4,313

43,640

24,005

———

———

———

———

Operating (Loss)/ Profit

(39,317)

(17,470)

85,141

384,611

Finance cost

91,994

151,110

233,028

309,183

———

———

———

———

(Loss)/ Profit – before taxation

(131,311)

(168,580)

(147,887)

75,428

Taxation
- Current

(21,999)

10,795

26,848

47,525

- Prior year

0

(4,726)

0

(4,726)

- Deferred

(12,721)

(4,726)

(38,162)

(4,726)

———

———

———

———

(34,720)

6,069

(11,314)

42,799

———

———

———

———

(Loss)/Profit – After Taxation
For the period

(96,591)

(174,649)

(136,573)

32,629

———

———

———

———

Rupees

(Loss)/ Earnings – per share

(3.37)

(6.09)

(4.76)

1.14

For more information, Contact:
Mujahid Bashir
Company Secretary
Chashma Sugar Mills Limited
King’s Arcade, 20-A,
Markaz F-7, P.O. Box 1529,
Islamabad.
Tel: (051) 2650805-7
Fax: (051) 2651258-6