Cordoba Logistics & Ventures : Financial Results for the Half year ended Dec 31 2024

About this update from Cordoba Logistics & Ventures Limited

Cordoba Logistics & Ventures Limited Consolidated Condensed Interim Statement of Financial Position As At December 31, 2024 (Unaudited) (Audited) 31-Dec-24 30-Jun-24 Assets Note (-------Rupees-------) Non-current assets Property and equipment 4 Long term finances 5 65,820,348 19,042,670 Long term investments 6 119,719,029 121,509,672 Net investment in finance lease 7 Current maturity of net investment in finance lease (208,622,072) (97,667,440) Allowance for potential lease losses (3,653,414) (3,653,414) Long term deposits 50,000 50,000 Current assets 1,157,531,471 1,018,702,538 Short term finances 8 Trade debts 9 29,450,654 21,996,448 Short term advances, deposits, prepayments and other receivables 10 147,612,110 79,658,941 Current maturity of non-current assets 244,747,472 144,268,392 Short term Investment 47,372 16,969,134 Cash and bank balances 2,674,261 86,693,229 Total assets 1,806,221,612 1,428,833,860 Equity and liabilities Authorized share capital 100,000,000 (2024: 100,000,000) ordinary 1,000,000,000 1,000,000,000 shares of Rs. 10/- each Issued, subscribed and paid-up share capital 721,052,000 721,052,000 Accumulated profit/(loss) 16,406,748 (64,781,287) Non-current liabilities 737,458,748 Long term loan 11 Deferred tax 9,001,349 6,671,723 Gratuity payable 840,000 630,000 Current liabilities 514,056,349 Short-term borrowings 12 Trade and other payables 13 295,384,947 215,540,325 Advance against share capital 14 150,000,000 - Advance from customer 2,926,803 5,686,804 Unclaimed dividend 415,333 415,333 Taxation - net 9,205,008 14,403,963 554,706,515 236,046,425 Contingencies and commitments Total equity and liabilities The annexed notes form an integral part of these consolidated financial statements. Chief Executive Officer Chief Financial Officer Director Cordoba Logistics & Ventures Limited Consolidated Condensed Interim Statement of Profit or Loss And Other Comprehensive Income (Unaudited) For The Half Year Ended December 31, 2024 Half year ended Quarter ended December 31, December 31, 2024 2023 2024 2023 Note (-------Rupees-------) (-------Rupees-------) Revenue 15 275,678,533 165,107,146 119,144,180 91,798,168 Direct cost 16 (105,464,698) (68,312,097) (51,460,913) (38,944,204) Gross profit Administrative expenses (20,713,341) (9,629,325) (9,794,691) (5,908,006) Operating profit 149,500,494 87,165,724 57,888,576 46,945,958 Share of pr...

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