Tag Archives: Chakwal Spinning Mills Limited

Chakwal Spinning Mills Limited’s financial results for the 1st quarter ended September 30, 2012

Karachi, November 01, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 12:00 noon on Wednesday, October 31, 2012 has recommended no cash dividend, bonus or right issue of the shares for the 1st quarter ended September 30, 2012. The financial results of the Company during this period are as follows:

Quarter Ended

Quarter Ended

September 30

September 30

2012

2011

(Rupees ‘000)

(Rupees ‘000)

Sales

538,536

528 691

Cost of Goods Sold

(469,837)

(519,994)

——-

——-

Gross Profit

68,699

8,697

Operating Expenses:
Distribution Cost

(13,440)

(3,417)

Administrative expenses

(10,494)

(8,272)

——-

——-

(23,934)

(11,689)

——-

——-

Operating (Loss)/ Profit

44,765

(2,992)

Financing Cost

(9,164)

(10,109)

Other Operating Expenses

(153)

Other Operating Income

480

——-

——-

(Loss)/ Profit before Taxation

35,448

(12,621)

Taxation

(3,969)

(5,291)

——-

——-

(Loss)/ Profit after Taxation

31,479

(17,912)

Accumulated Loss Brought

(120,749)

(160,614)

——-

——-

(89,270)

(178,526)

Transfer from surplus on revalution of property.
plant and equipment in respect of;
Incremental depreciation charged in current period-
Net of deferred tax

892

809

——-

——-

(88,378)

(17,717)

——-

——-

(Loss)/ Earning per Share-Basic

0.79

(0.45)

For more information, contact:
Muhammad Jahangir Khan
Company Secretary
Chakwal Spinning Mills Limited
7/1- E-3, Main Boulevard,
Gulberg III, Lahore, Pakistan
Tel: +92 42 5757108 and 5717510-17
Fax: +92 42 5764036, 5764043 and 5757105
E-mail: ksml@pol.com.pk