Financial Results for the Quarter and Nine Months Ended June 30, 2013 announcement by Chashma Sugar Mills Limited

Karachi, July 26, 2013 (PPI-OT): We have to inform you that the Board of Directors in the Meeting held on Friday, July 26, 2013 at 10:30 am, have approved the following financial results for the Quarter and nine months ended 30 June, 2013.

The Financial results of the Company are as follows:

                                                For the 3rd Quarter                 Cumulative
                                         April-June          April-June     Oct-June          Oct-June
                                            2013                2012          2013              2012
                                                               Rupees in thousand

Sales-Net                                 1,673,865           328,657      5,152,577          5,142,646
Cost of sales                             1,474,233           352,216      4,001,399          4,993,245
                                          ---------           -------      ---------          ---------
Gross profit/ (loss)                        199,632           (23,559)       491,178            149,401
Distribution cost                            31,076               821         64,912             13,440
Administrative expenses                      29,423            76,159        117,651             93,424
Other operating expenses                        751               793          2,463              1,036
Other operating Income                       (5,079)          (12,015)       (56,790)           (43,640)
                                          ---------           -------      ---------          ---------
                                             56,171            15,758        128,236             61,260
                                          ---------           -------      ---------          ---------
Profit/ (loss) from Operations              143,461           (39,317)       362,942             85,141
Finance cost                                132,080            91,994        316,798            233,028
                                          ---------           -------      ---------          ---------
Profit/ (Loss)-before taxation               11,381          (131,311)        46,144           (147,887)
Taxation
- Current                                    25,410           (21,999)        50,216             26,848
- Deferred                                  (11,448)          (12,721)       (34,345)           (38,162)
                                          ---------           -------      ---------          ---------
                                             13,962           (34,720)        13,871            (11,314)
                                          ---------           -------      ---------          ---------
(Loss)/ Profit after Taxation                (2,581)          (96,591)        30,273           (136,573)
                                          ---------           -------      ---------          ---------
                                                                        Rupees
(Loss)/ Earning-per share                     (0.09)            (3.37)          1.06              (4.76)
                                          ---------           -------      ---------          ---------

We will be sending you 200 Copies of printed accounts for distribution amongst the Members of the Exchange in due course of time.

For more information, contact:
Mujahid Bashir
Company Secretary
Chashma Sugar Mills Limited
King’s Arcade, 20-A,
Markaz F-7, Post Box No.1529,
Islamabad.
Tel: 051-2650805-7
Fax: 051-2651285-6

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