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Century Paper and Board Mills Limited’s financial results for the quarter ended 30 September 2011

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Friday 28 October 2011 at 10:00 a.m. at the Registered office of the Company at Lakson Square, Building No. 2, Sarwar Shaheed Road, Karachi has approved the un-audited financial statements for the quarter ended 30 September 2011.

The financial results of the Company ale as follows:

 

September 30,

September 30,

2011

2010

(Rupees in thousands)

Sales-net  3,162,797  2,395,284
Cost of sales  (2,598,819) (2,029,319)
 ——— ———
Gross profit 563,978  365,965
General and administrative expenses (60,764) (57,609)
Selling expenses (8,491)  (7,731)
Distribution expenses (14,976) (15,443)
Other operating charges
Workers’ profit participation fund (12,205) (2,365)
Workers’ welfare fund  (4,638)  (899)
Others  (21,222)  (8,314)
 ———  ———
 (38,065) (11,578)
Other operating income 17,984 23,164
  ——— ———
Operating profit  459,666 796,768
Financial charges  (232,413)  (252,720)
  ———  ———
Profit before taxation  227,253 44,048
Taxation
Current  (31,628)  (23,953)
Deferred  (30,000)  (12,500)
 ——— ———
 (61,628) (36,453)
 ———  ———
Profit for the period 165,625  7,595
 ——— ———
Earnings / (loss) per share – basic and diluted
Attributable to ordinary shareholders
(Rupees)  0.95  (1.29)
 ——— ———
Earnings / (loss) per share – basic and diluted
There is no dilutive effect on the basis earnings
per share of the Company which is calculated
as follows:
Profit for the period 165,625  7,595
Dividend attributable to cumulative
preference shares  (98,434) (98,434)
 ———  ———
Profit/ (loss) attributable to ordinary shareholders  67,191 (90,839)
  ———  ———
Weighted average number of ordinary shares
(in thousands) 70,684 70,684
 ———   ———
Earnings / (loss) per share attributable to ordinary shareholders (Rupees) 0.95  (1.29)

 

For more information, contact:
Tasleemuddin A. Batlay
Director
Century Paper and Board Mills Limited
Lakson Square, Bldg.NO.2,
Sarwar Shaheed Road,
Karachi –74200, Pakistan.
Tel: 689 8000
Fax: 92-21-568 4336
Website: www.centurypaper.com.pk
E-mail: Mansoor-ahmed@centurypaper.com

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