Home / Financial Results / Crescent Jute Products Limited’s financial results for the quarter ended September 30, 2011

Crescent Jute Products Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the board of Directors of our Company in their Meeting held at 12:00 noon on Saturday the October 29, 2011 have considered and approved the Quarterly Un-Audited Accounts for the period ended September 30, 2011 and the Board of Directors recommended the following:

(i) Cash Dividend

Nil

(ii) Bonus Shares

Nil

(iii) Right Shares

Nil

(iv) Any Other entitlement/Corporate Action

Nil

(v) Any other Price-Sensitive Information

Nil

The financial results of the Company for the period ended September 30, 2011 are as follows:-

 

September 30, 2011

September 30, 2010

Rupees

Rupees

Sale 16,961,379 53,194,537
Cost of Sales  (35,262,359) (57,066,071)
 ———- ———-
Gross Loss (18,300,980)  (3,871,534)
Distribution Cost  (988,983)  (3,837,436)
Administrative Expenses   (12,538,131) (17,624,765)
Other Operating Expenses (13,141,669) (1,466,284)
 ———- ———-
 (26,668,783) (22,928,485)
  ———- ———-
 (44,969,763)  (26,800,019)
Other Operating Income 743,158 894,634
———- ———-
Loss from Operations (44,226,605)  (25,905,385)
Finance Cost 8,077,020 11,339,576
Loss before Taxation (52,303,625) (37,244,961)
 ———- ———-
Provision for Taxation  2,731,843 2,422,248
———- ———-
Loss after Taxation (49,571,782)  (34,802,731)
 ———- ———-
Loss per Share-Basic and Diluted (Rupees) (2.09)  (1.46)

 

For more information, contact:
Crescent Jute Products Limited
8th Floor, Habib Bank Building,
Circular Road, Faisalabad.
Tel: +92-41-2637168
Fax: +92-41-2618996
E-mail: info@cresjute.com.pk
URL: www.cresjute.com.pk

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