Fazal Cloth Mills LimitedPSX: FZCM

Financial Results for the Year Ended 2022-06-30

· Issued by Fazal Cloth Mills Limited

Fazal Cloth Mills Limited

Statement of Profit or Loss For the year

ended 30 June 2022

2022

2021

Rupees

Rupees

Revenue from contracts with customers - net

65,406,261,578

52,132,242,650

Cost of sales

(54,238,313,795)

(44,127,252,925)

Gross profit

11,167,947,783

8,004,989,725

Marketing and distribution expenses

(592,012,445)

(371,693,882)

Administrative and general expenses

(521,178,745)

(404,194,205)

Other operating expenses

(1,519,865,733)

(686,006,869)

(2,633,056,923)

(1,461,894,956)

Fair value (loss) / gain - financial assets

(274,735,729)

216,797,126

Other income

561,256,702

644,454,530

Profit from operations

8,821,411,833

7,404,346,425

Share of loss from associates - net

(6,066)

(46,877,170)

Finance cost

(2,922,660,654)

(1,794,691,668)

Profit before taxation

5,898,745,113

5,562,777,587

Taxation

(1,288,490,371)

(131,020,878)

Profit after taxation

4,610,254,742

5,431,756,709

Earnings per share - basic and diluted

153.68

181.06

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