Agha Steel Industries Ltd.PSX: AGHA

Financial Results for the Quarter Ended September 30 2024

· Issued by Agha Steel Industries Ltd.

AGHA STEEL INDUSTRIES LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE

FOR THE QUARTER ENDED SEPTEMBER 30, 2024

Un-Audited

Un-Audited

September 30

September 30

2024

2023

- - - - Rupees in '000'- - - -

Turnover - net

2,845,189

5,253,081

Cost of sales

(3,068,843)

(4,043,883)

Gross (loss) / profit

(223,654)

1,209,198

Administrative expenses

(188,197)

(65,677)

Selling and distribution costs

(84,139)

(127,237)

Finance costs

(1,139,667)

(952,164)

(1,412,003)

(1,145,078)

Operating (loss) / profit

(1,635,657)

64,120

Other expenses

(289,671)

(10,063)

Other income

42,357

106,730

(Loss) / profit before levy and tax

(1,882,971)

160,787

Levy

(35,565)

-

(Loss) / profit before income tax

(1,918,536)

160,787

Taxation - net

103,686

(35,549)

(Loss) / profit after taxation

(1,814,850)

125,238

Other comprehensive income for the year

Surplus on revaluation of fixed assets

223,868

-

Deferred tax

(64,922)

-

158,946

-

Total comprehensive income for the year

(1,655,904)

125,238

(Loss) / earnings per share

Basic and diluted - Rupees

(3.00)

0.21

The annexed notes from 1 to 17 form an integral part of these financial statements.

___________________

___________________

Chief Executive

Chief Financial Officer

Director

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