May 31, 2022 | FORM-3 |
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road
Karachi, Pakistan.
Subject: Financial Results for the Half Yearly, un-audited,condensed interim Financial
Statements of the Company for the period ended March 31, 2022
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on Monday, May 30, 2022 at 04:30 p.m. and subsequently on Tuesday May 31, 2022 at 2:00 p.m. at Karachi, 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 Half Yearly, un-audited, condensed interim Financial Statements of the Company for the period ended March 31, 2022, are as follows:
Half Year Ended | Quarter Ended | ||||||||
Mar.31, 2022 | Mar.31, 2021 | Mar.31, 2022 | Mar.31, 2021 | ||||||
(Rupees in '000') | |||||||||
Sales | 5,676,628 | 3,987,353 | 4,502,158 | 2,812,986 | |||||
Cost of Sales | (5,971,838) | (4,381,885) | (4,563,201) | (2,981,741) | |||||
Gross (Loss) | (295,210) | (394,532) | (61,043) | (168,755) | |||||
Administrative and General Expenses | (35,525) | (43,038) | (15,724) | (21,731) | |||||
Distribution and Selling Costs | (73,439) | (52,740) | (45,465) | (35,599) | |||||
Other Operating Income | 296 | 453 | 165 | 182 | |||||
(Loss) from Operations | (403,879) | (489,857) | (122,066) | (225,903) | |||||
Finance Cost | (21,372) | (19,407) | (10,790) | (9,743) | |||||
(Loss) before Income Tax | (425,251) | (509,264) | (132,856) | (235,646) | |||||
Taxation | (6,385) | (14,971) | (23,781) | (18,488) | |||||
(Loss) for the period (after Income Tax) | (431,636) | (524,235) | (156,637) | (254,135) | |||||
(Loss) per Share - Basic | |||||||||
(4.72) | (5.73) | (1.71) | (2.78) |