BECO/PSX/2024/335 | PUCARS / Courier |
October 29, 2024 | |
The General Manager | |
Pakistan Stock Exchange Limited | |
Stock Exchange Building, Stock Exchange Road, | |
Karachi |
Subject: Financial Results as for the 1st Quarter Ended Sep 30, 2024
Dear Sirs
We have to inform you that the Board of Directors of Beco Steel Limited (the Company) in their meeting held on Tuesday October 29, 2024 at 11:00 AM at Head Office of the Company at 79-Peco Road, Badami Bagh Lahore has recommended the Follow:
I. | Cash dividend | Nil |
II. | Bonus / right Shares | Nil |
III. | Any Other Entitlement / Corporate Action | Nil |
IV. | Any Other Price-Sensitive Information | Nil |
The un-audited financial results of the Company are as follows:
BECO STEEL LIMITED
CONDENSED QUARTERLY STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2024
Quarter ended | ||
30-SEP-2024 | 30-SEP-2023 | |
Note | Rupees | Rupees |
Sales | 446,119,690 | 246,658,500 |
Cost of Sales | (380,003,336) | (239,653,680) |
Gross profit | 66,116,354 | 7,004,820 |
Distribution and selling expenses | (649,000) | (878,020) |
Administrative and general expenses | (53,507,089) | (7,234,867) |
Other operating expenses | (1,699,025) | (1,559,415) |
(55,855,114) | (9,672,302) | |
Operating profit /(loss) | 10,261,240 | (2,667,482) |
Other income | 111,735 | 22,519 |
Profit from operations | 10,372,976 | (2,644,963) |
Finance cost | (157,505) | (81,769) |
Profit before taxation | 10,215,471 | (2,726,732) |
Taxation | (5,576,495) | (3,083,231) |
Profit/ (Loss) after taxation | 4,638,976 | (5,809,963) |
7 | 0.04 | (0.05) |
Earning per share- basic and diluted |
The annexed notes from 01 to 12 form an integral part of these financial statements.
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