Chenab Limited’s financial result for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 02.00 P. M. on Monday, the October 31, 2011 at the-registered office, office company, Nishatabad, Faisalabad have the following:-

Cash Dividend             Nil

Bonus Shares              Nil
Right Shares              Nil
Any Other Entitlement     Nil

Financial Results:-

 

September

September

30,2011

30, 2010

Rupees

Rupees

Sales 676,402,918 1,314,876,732
Cost at sales 827,611,218 1,491,210,896
 ————- ————-
Gross (loss) / profit  (151,208,300) (176,334,164)
Other operating income 679,739 1,238,984
————-  ————-
 (150,528,561)  (175,095,180)
————- ————-
Selling and distribution expenses  6,710,974 30,588,837
Administrative expenses  42,174,033 54,886,410
Other operating expenses - 1,140,801
Finance cost  19,682,754  338,336,720
 ————- ————-
68,567,761  424,952,768
————- ————-
(Loss)  / Profit before taxation  (219,096,322)  (600,047,948)
Provision for taxation 8,420,790 14,114,836
————- ————-
(Loss) / Profit for the period  (227,517,112)  (614,162,784)
————- ————-
Earnings per share – Basic and  diluted  (1.918) (5.341)

 

For more information, contact:
Muhammad Arshad
Company Secretary
Chenab Limited
Nishatabad, Faisalabad,
Pakistan.
Tel: 041-8754472-8
Fax: 8752400
Email: Chenab@chenabgroup.com

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