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Chakwal Spinning Mills Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that Board of Directors of our Company in their meeting held at 10:00 a.m. on Saturday, October 08, 2011 has recommended no cash dividend, bonus or right issue of the shares, The financial results of the company are as follows:

 

June 30, 2011

June 30, 2010

(Rupees)

(Rupees)

Sales – net 2,326,625,922 1,352,245,897
Cost of Sales  (2,175,590,234) (1,188,035,406)
 ————- ————-
Gross Profit 151,035,688 164,210,491
Distribution Cost (17,199,098) (13,649,787)
Administrative Expenses (36,858,487) (25,644,114)
 ————-  ————-
(54,057,585) (39,293,901)
————- ————-
Operating Profit  96,978,103 124,916,590
Finance Cost  (57,561,007) (46,384,789)
Other Operating Expenses (2,587,890) (4,569,703)
Other Operating Income 5,593,684  5,638,051
 ————-  ————-
Profit before Taxation 42,422,890 79,600,149
Taxation 35,501,333 (18,504,480)
————-  ————-
Profit after Taxation 77,924,223 61,095,669
 ————- ————-
Earnings per Share – Basic and Diluted  1.95  1.53

 

For more information, contact:
Muhammad Jahangir Khan
Corporate Secretary
Chakwal Spinning Mills Limited
31-F, Main Market Gulberg II,
Lahore – Pakistan.
Tel: 042-35755774
Fax: 042-35755760

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