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Cherat Cement Company Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of the company in its meeting held on Monday, August 15, 2011 at 10:30 a.m. at the Head Office of the Company at Modern Motors House, Beaumont Road, Karachi, has recommended the following;

 

1) Cash Dividend Nil
2) Bonus Shares Nil
3) Right Shares Nil

 

The financial results of the company for the year ended June 30, 2011 are annexed herewith.

The Annual General Meeting of the Company will be held on Monday, October 31, 2011 at 11:00 a.m. at the Registered Office of the Company situated at factory premises, Village Lakrai, Nowshera, Khyber Pakhtunkhwa.

The share transfer books of the Company will be closed from Monday, October 17, 2011 to Monday, October 31, 2011 (both days inclusive). Transfers received at the office of the share registrar of the company M/s. central Depository Company of Pakistan, CDC House, 99-B, Block “B” S.M.C.H.S. Main Shahrah-e-Faysal, Karachi at the close of business on Saturday, October 15, 2011 will be treated in time for the purpose of Annual General Meeting.

Cherat Cement Company Limited

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

(Rupees ‘000’)

Turnover – net  4,244,009 3,469,111
Cost of sales  (3,677,159) (3,379,937)
——— ———
Gross profit 566,850 89,174
Distribution costs (124,701) (128,620)
Administrative expenses  (106,843) (111,220)
Other operating expenses  (11,495)  (2,615)
——— ———
(243,039) (242,455)
Other operating income 17,854 16,800
——— ———
Operating profit/ (loss) 341,665  (136,481)
Finance costs  (286,469) (160,917)
——— ———
Profit / (loss) before taxation 55,196 (297,398)
Taxation
Current – for the year (44,194)  (25,531)
– Prior years 4,121 1,332
Deferred 53,528 307,842
——— ———
13,455 283,643
——— ———
Profit/ (loss) for the year 68,651 (13,755)
——— ———
Earnings / (loss) per share basic Re. 0.72 Re. (0.14)

 

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

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