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Cherat Packaging 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 Wednesday, October 26, 2011 at 11:00 a.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, September 30
2011 2010
(Rupees `000)
Turnover-Net 638,007 514,871
Cost of sales  (596,301)  (414,205)
  ——- ——-
Gross profit 41,706  100,666
Distribution costs  (7,977)  (5,441)
Administrative expenses (5,752)  (4,326)
Other operating expenses  (859)  (6,830)
 ——-  ——-
 (14,588)  (16,597)
Other operating income 597  642
 ——-  ——-
Operating profit 27,715 84,711
Finance costs (19,405) (21,732)
 ——- ——-
Profit before taxation  8,310  62,979
Taxation
Current  (7,419)  (5,154)
Deferred  10,205 6,642
——- ——-
2,786 1,488
 ——- ——-
Profit after taxation 11,096  64,467
 ——-  ——-
(Restated)
Earnings per share – basic Re. 0.64  Rs. 4.14

 

For more information, contact:
Mohammad Faruque
Chairman
Cherat Packaging Limited
Modern Motors House, Beaumont Road,
Karachi – 75530, Pakistan
UAN: (92-21) 111-000-009
Tel: (92-21) 36683566-67
Fax: (92-21) 35683425
E-mail: cherat@gfg.com.pk
Web: www.gfg.com.pk

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