Chenab Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2012
April 29, 2012
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Chenab Limited reported unaudited earnings results for the third quarter and nine months ended March 31, 2012. For the third quarter, the company reported PKR 520,024,339 against PKR 1,245,755,281 for the same period in the last year. Loss before taxation was PKR 292,395,490 against PKR 693,574,379 for the same period in the last year. Loss per basic and diluted share was PKR 2.55 against PKR 6.11 for the same period in the last year. Loss was PKR 293,277,678 against PKR 702,262,606 for the same period in the last year. Net cash generated from operating activities was PKR 67,024,083 against PKR 214,036,628 for the same period in the last year. Additions in property, plant and equipment were PKR 1,189,883 against PKR 47,817,962 for the same period in the last year.
For the nine months, the company reported PKR 1,948,828,388 against PKR 3,761,221,607 for the same period in the last year. Loss before taxation was PKR 902,966,205 against PKR 2,351,511,439 for the same period in the last year. Loss per basic and diluted share was PKR 7.97 against PKR 20.78 for the same period in the last year. Loss was PKR 916,614,343 against PKR 2,390,205,713 for the same period in the last year. The company has suffered a loss due to the circumstances being beyond control and for non availability of electric/sui gas on account of load management by the authorities concerned, thereby causing adverse effect on production and quality of the products.
Chenab Limited is a Pakistan-based company that is engaged in the exporting of all kinds of value-added fabrics, textile made-ups, casual, and fashion garments duly processed. The Company's operations include spinning, weaving, processing, embroidery, quilting and wadding, and stitching. Its divisions include home textiles, filled products, towels, apparel, and fabric. Its spinning facility is spread over approximately 520,000 square feet and houses 19,000 spindles with an approximate production capacity of one million kilograms (Kgs) of yarn every year. The Company's weaving unit is equipped with approximately 160 air jet looms, including 48 looms with 16 frame dobby with four yarn insertions. It also has two warping machines, one sectional warping machine and two Benninger sizing machines in the house. Its stitching unit is categorized into made ups and apparel. Its home unit is equipped with Gerber Spreaders and Auto Cutting Hauser machines.
CHENAB LIMITED 
