April 25, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Dear Sir,
FINANCIAL RESULTS FOR THE QUARTER/PERIOD ENDED MARCH 31, 2025We have to inform you that the Board of Directors of our Company in their meeting held on April 25, 2025 at 05:30 p.m. at the Registered Office of the Company at Lakson Square, Building No. 2, Sarwar Shaheed Road, Karachi has approved the un-audited financial statements of the Company for the quarter/period ended March 31, 2025.
The financial results of the Company are as per Annexure 'A' attached alongwith the following documents:
Statement of Financial Position
Statement of Changes in Equity.
Statement of Cash Flow.
The quarterly report of the Company for the quarter/period ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours faithfully,
For CENTUR PAPER & BOARD MILLS LIMITED
(MANSO HMED)
Compan ecretary Encl: As above
Cc to: The Executive Director/HOD Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan, 63, NIC Building,
Jinnah Avenue, Blue Area, Islamabad.
A EXURE 'A'
FINANCIAL RESULTS FOR THE QUARTER/PERIOD ENDED MARCH 31, 2025Nine months ended
March 31, March 31,
2025 2024
(Rupees in thousands)
Restated
Quarter ended March 31, March 31,
2025 2024
(Rupees in thousands)
Restated
Turnover - net Cost of sales Gross profit
28,980,724 32,885,082
(26.797.760) (29,599,121) 2,182,964 3,285,961
9,177,558 10,806,434
(8,797.194) (9.576,494)
380,364 1,229,940
General and administrative expenses Selling expenses
Distribution expenses Other operating charges
Workers' Profit Participation Fund Workers' Welfare Fund
Others
Other income Operating profit Finance cost
Profit before income tax and levy Levy-Minimum tax differential Prolfit before income tax•
Taxation Current Prior Deferred
Profit for the period
Earnings per share - basic and diluted (Rupee)
(781,449)
(84,162)
(162,532)
(7,433)
(2,825)
(27.751)
(38,009)
338.409
1,455,221
(1,317,013)
138,208
(344,442)
(206,234)
(61,026)
(7,655)
344.650
275,969
69.735
0.17
(724,108)
(76,568)
(142,615)
(58,859)
(22,367)
(20.559)
(101,785)
240.698
2,481,583
(1,385.621)
1,095,962
(128,305)
967,657
(392,354)
93,234
(299.120)
668,536
1.66
(264,025)
(28,749)
(64,445)
12,569
4,776
(7.003)
10,342
94,096
127,583
(361,621)
(234,038)
(234,052)
144,142
245
192,881
(138,589)
(14.347)
(468,090)
337.268
(130,822)
(0.33)_
(241,583)
(26,448)
(51,087)
(27,672)
(10,516)
(276)
(38,464)
80,605
952,963
(437,701)
515,262
(48.018)
467,244
(152,936)
314,308
0.78
CENTURY PAPER & BOARD MILLS LIMITED
CONDENSED INTERIM STATEMENT OP FINANCIAL POSITION AS AT MARCH 31, 2025
ASSETS
NON - CURRENT ASSETS
March 31, June 30,
2025 2024
(Un-audited) (Audited) (Rupees in thousands)
Property, plant and equipment | |||
Operating fixed assets | 10,418,232 | l 0,648,823 | |
Capital work in progress | 521"321 | 856,358 | |
10,939,553 | 11,505,181 | ||
Intangible assets | 17,525 | 14,692 | |
Long-term advances | 11,999 | 8,599 | |
Long-term deposits | 14.751 | 9,831 | |
10,983,828 | I I ,538,303 | ||
CURRENT ASSETS | |||
Stores and spares | 3,827,097 | 4,060,143 | |
Stock-in-trade | 8,087,352 | 6,857,445 | |
Trade debts | 5,384,563 | 5,086,269 | |
Advances | 216,464 | 133,793 | |
Trade deposits and short term prepayments | 571,980 | 407,107 | |
Other receivables | 32,152 | 14,045 | |
Tax refunds due from Government | 1,019,561 | 651,333 | |
Taxation - net | 364,968 | ||
Short-term investment | 312,066 | ||
Cash and bank balances | 677,691 | 788.493 | |
20,493,894 | 17,998,628 | ||
TOTAL ASSETS | 31.477,722 | 29,336,93 I | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES
Authorized share capital
1,000,000,000 (June 30, 2024: 1,000,000,000) ordinary shares of Rs. 10 each Issued, subscribed and paid-up capital
I 0000,000_ _0000.000
401,712,926 (June 30, 2024: 401,712,926) ordinary shares of Rs. 10 each
Reserves v
NON - CURRENT LIABILITIES
4,017,129
9,734,492
13,751,621
4,017,129
9 664,757
13,681,886
Long-term financing | 2,664,205 | 3,741,044 | |
Lease liabilities against right of use assets | 102,428 | 11,276 | |
Deferred taxation | 474,010 | 818,660 | |
Deferred capital grant | 104.134 | 158,609 | |
3,344,777 | 4,729,589 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 4,501,089 | 4,950,854 | |
Short-term borrowings | 8,025,693 | 4,304,161 | |
Interest and mark-up accrued | 240,99€ | 227,900 | |
Taxation - net | 6,160 | ||
Unclaimed dividend | 1,639 | 1,643 | |
Current portion of: | |||
Long-term lease liabilities against right of use assets | 14,505 | 12,170 | |
Deferred capital grant | 75,539 | 93,2 II | |
Long-term financing | 1,521,869 | I ,529.357 | |
14,381,32* | I 1,125,456 | ||
TOTAL EQUITY AND LIABILITIES | 31,477,722 | 29.536,931 | |
CONTINGENCIES AND COMMITMENTS |
CENNRY PAPER& BOARD MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR DDE PERIOD ENDED MARCH 31, 2025 (UN-AUDITED)
CENTURY PAPER & BOARD MILLS LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED MARCH 31, 2025 (UN-AUDITED)
Nine months ended
March 31, March 31,
2025 2024
(Rupees in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES | Restated | ||
Cash generated from operations | 71,398 | 4,828,927 | |
Finance cost paid | (1,231,775) | (1,667,743) | |
Taxes paid | (882,371) | (721,727) | |
Gratuity paid | (58,235) | (60,294) | |
Workers' Profit Participation Fund paid | (62,774) | (75,999) | |
Long-term advances | (3,400) | 11,809 | |
Long-term deposits | (4,920) | (173,010) | |
Net cash (used in) / generated from operating activities | (2,172,078) | 2,141,963 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchases of property, plant and equipment | (223,099) | (736,194) | |
Proceeds from sale of property, plant and equipment | 42,537 | 8,161 | |
Net cash used in investing activities | (180,563) | (728,033) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Repayment of long-term financing from banking companies | (828,778) | ||
Principle paid on lease liability | (10,051) | ||
Net cash used in financing activities | (838,829) | ||
Net (Decrease) / increase in cash and cash equivalents | (3,520,268) | 575,101 | |
Cash and cash equivalents at the beginning of the period | (3,515,668) | (3,270,127) | |
Cash and cash equivalents at the end of the period | (7,035,936) | (2,695,026) | |
CASH AND CASH EQUIVALENTS Cash and bank balances | 677,691 | 1,007,598 | |
Short term highly liquid investment | 312,066 |
Short-term borrowings
(8,025,693)
(7,035,936)
(3,702,624)
(2,695,026)