January 27, 2023 | FORM-3 |
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road
Karachi, Pakistan.
Subject: Financial Results for the First Quarter ended December 31, 2022
Dear Sirs,
We have to inform you that the Board of Directors of our Company in their meeting held on January 27, 2023 at 04:00 pm at Karachi, Pakistan, recommended the following:
(i) CASH DIVIDEND | Nil |
AND/OR | |
(ii) BONUS SHARES | Nil |
AND/OR | |
(iii) RIGHT SHARES | Nil |
AND/OR | |
(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION | Nil |
AND/OR | |
(v) ANY OTHER PRICE-SENSITIVE INFORMATION | Nil |
The un-audited financial results of the Company for the First Quarter ended December 31, 2022, are as follows:
Dec-22 | Dec-21 | |||
(Rupees in '000') | ||||
Sales - net | # | 1,603,584 | 1,174,470 | |
Cost of Sales | # | (1,585,658) | (1,408,637) | |
Gross Loss | 17,926 | (234,167) | ||
Administrative and General Expenses | # | (25,098) | (19,801) | |
Distribution and Selling Costs | # | (33,645) | (27,975) | |
Other Operating (Loss)/Income | (73,158) | 130 | ||
Loss from Operations | (113,974) | (281,813) | ||
Finance Cost | (11,649) | (10,582) | ||
Loss before Tax | (125,623) | (292,395) | ||
Taxation | 10,937 | 17,396 | ||
Loss after Tax | (114,686) | (274,999) | ||
Loss per Share - Basic | ||||
(1.25) | (3.01) |