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Cherat Cement Company Limited’s financial results for the period ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of the company in its meeting held on Friday, October 21, 2011 at 3:00 p.m. at the Head Office of the Company at Modern Motors House, Beaumont Road, Karachi, has recommended the following:

 

(i) Cash Dividend Nil
(ii) Bonus Issue Nil
(iii) Right Issue Nil

 

The financial results of the company for the period ended September 30, 2011 are annexed herewith.

Condensed Interim Profit and Loss Account (unaudited) for the period ended September 30, 2011

 

September 30,

2011

September 30,

2010

(Rupees 000)

Turnover- net  1,167,383 703,069
Cost of sales  (1,099,413)  (624,291)
 ——— ——-
Gross profit 67,970  78,778
Distribution costs (32,026) (29,750)
Administrative expenses (24,631)  (25,444)
Other operating expenses  (815)  (5,942)
———  ——-
(57,472)  (61,136)
Other operating income 9,122 2,385
——— ——-
Operating profit 19,620 20,027
Finance costs  (97,531)  (63,146)
 ———  ——-
Loss before taxation  (77,911)  (43,119)
Taxation
Current 12,466 (7,053)
Deferred  23,196 60,831
——— ——-
10,750 53,778
 ——— ——-
(Loss) /profit after taxation (67,161) 10,659
——— ——-
(Loss) /earnings per share- basic Re. (0.70) Rs.0.11

 

For more information, contact:
Azam Faruque
Chief Executive
Cherat Cement Company Limited
Modern Motors House, Beaumont Road,
Karachi-75530, Pakistan.
UAN: (9221)111-000-009
Tel: (9221) 35683566
Fax: (9221) 35683425
E-mail: cherat@gfg.com.pk
Web: www.cheratcement.com

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