Crescent Jute Products Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their Meeting held at 11:00 a.m. on Friday the September 30, 2011 have considered and approved the Annual Audited Accounts for the year ended June 30, 2011 and the Board of Directors recommended the following:

 

Cash DividendNil
Bonus SharesNil
Right SharesNil
Any Other Entitlement ActionNil
Any Other Price-Sensitive InformationNil

 

The financial results of the Company for the year ended June 30, 2011 are as follows:

 

2011

2010

Rupees

Rupees

Sales453,767,999566,001,815
Cost of Sales (524,172,939)(525,658,401)
 ————————
Gross (Loss)/ Profit(70,404,940)40,343,414
Distribution Cost (13,406,982)(8,966,109)
Administrative Expenses (63,186,403)(60,633,541)
Other Operating Expenses(6,108,101) (61,184,694)
 ———— ————
82,701,486(85,784,344)
 ————————
(153,106,426)(45,440,930)
Other Operating Income111,655,273554,837
 ————————
Loss from Operations(41,451,153)(44,886,093)
Finance Cost(55,080,772)(39,182,735)
 ————————
Loss before Taxation(96,531,925) (84,068,828)
Provision for Taxation11,714,3711,305,204
————————
Loss after Taxation (84,817,554) (82,763,624)
————————
(Loss)/Earnings per share – Basic and diluted (3.57) (3.48)

 

For more informaiton, contact:
Crescent Jute Products Limited
306, 3rd Floor, Siddiq Trade Centre,
72-Main Boulevard, Gulberg,
Lahore-54660, Pakistan
Tel: +92-42 35787592
Fax: +92-42 35787594