Cherat Papersack Limited’s financial result for the year ended 30.06.2011

Cherat Papersack Limited’s financial result for the year ended 30.06.2011

Karachi: We have to inform you that the Board of Directors of the Company in its meeting held On Monday, August 29, 2011 at 10:30 a.m. at the Head Office of the Company at Modem Motors House, Beaumont Road, Karachi, has recommended the following:

 

i) CASH DIVIDEND:  Cash Dividend at Rs. 2.50 per share i.e. 25%
ii) BONUS SHARES: NIL
iii) RTGHT 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 24, 2011 at 11:00 am at the Registered Office of the Company at 1st Floor, Betani Arcade, Jamrud Road, Peshawar.

The share transfer books of the Company will be closed from Monday, October 17, 2011 to Monday, October 24, 2011 (both days inclusive). Transfers received at the office of the share registrar of the Company M/s. Central Depository Company of Pakistan, CC House, 99-B, Block “B” S.M.C.H.S. Main Shahrah-e-Faisal, Karachi at the close of  business on Saturday, October 15, 2011 will be treated in time for the purpose of above entitlement.

CHERAT PAPERSACK LIMITED

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED JUNE 30, 2011

 

2011 2010

Rupees ’000

Turn over – net  2,471,964 1,985,235
Cost of sales  (2,168,243)  (1,749,546)
———  ———
Gross profit 303,721  235,689
 ——— ———
Distribution costs (29,639)  (25,026)
Administrative expenses (21,181)  (15,050)
Other operating expenses (18,888)  (8,045)
 ———  ———
(69,653)  (48,121)
Other operatng income 2,964 4,747
——— ———
Operating profit  237,032  192,315
Finance costs (71,221)   (96,873)
  ———  ———
Profit before taxation 165,811 95,442
 ——— ———
Taxation
Current   (26,037)  (9,937)
Deferred  47,681  10,814
 ——— ———
21,644 877
 ———  ———
Profit for the year 187,455 96,319
———  ———
Earnings per share – basic and diluted  Rs. 11.87 Rs. 6.19

 

For more information, contact:
AMER FARUQUE
Chief Executive
Cherat Papersack Limited
Modorn Motors House,
Beaumont Road,
Karachi – 75530,
Pakistan.
UAN: (92-21) 111-000-009
Tel: (92-21) 35683566-67
Fax: (92-21) 35683425
Email: cherat@gfg.com.pk
Web: www.gfg.com.pk

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