PPI Original Text (PPI-OT) – Chashma Sugar Mills Limited’s financial results for the half year ended March 31, 2012

Karachi, May 28, 2012 (PPI-OT): We have to inform you that the Board of Directors in their Meeting held on Monday, May 28, 2012 at 12:00 Noon, have approved the following financial results for the half year ended March 31, 2012.

The Financial results of the Company are as follows:-

For the 2nd Quarter

Cumulative

Jan – Mar,

Jan – Mar,

Oct – Mar,

Oct – Mar,

2012

2011

2012

2011

Rupees in Thousand

Turnover – Legal

2,166,393

2,767,626

5,185,579

3,827,518

Less: Sales tax and FED

146,873

115,410

371,590

162,009

———

———

———

———

Sales – Net

2,019,520

2,652,216

4,813,989

3,665,509

Cost of sales

1,776,758

2,284,409

4,641,029

3,205,256

———

———

———

———

Gross profit

242,762

367,807

172,960

460,255

Distribution Cost

6,133

7,387

12,619

9,242

Administrative expenses

40,362

28,623

67,265

50,495

Other operating expenses

217

18,100

243

18,127

Other operating income

(28,113)

(12,507)

(31,625)

(19,692)

———

———

———

———

18,599

41,603

48,502

58,172

———

———

———

———

Profit from Operations

224,163

326,204

124,458

402,081

Finance Cost

50,866

110,817

141,034

158,073

———

———

———

———

Profit / (Loss) before taxation

173,297

215,387

(16,576)

244,008

Current

48,847

26,597

48,847

36,730

Deferred

7,283

0

(25,441)

0

———

———

———

———

56,130

26,597

23,406

36,730

———

———

———

———

Profit / (Loss) after taxation

117,167

188,790

(39,982)

207,278

Other Comprehensive Income

0

0

0

0

———

———

———

———

Total Comprehensive Income / (Loss)

117,167

188,790

(39,982)

207,278

———

———

———

———

Rupees

(Loss) / Earnings per share

4.08

6.58

(1.39)

7.22

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