FLYING/664/574/2023 | April 29, 2023 |
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi
SUBJECT: | FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED MARCH 31, 2023 |
Dear Sir
We would like to inform you Board of Directors of the Company in their meeting held at 12:00 noon., through video conference on April 29, 2023 recommended the following:
i) | CASH DIVIDEND | NIL |
ii) | BONUS ISSUE | NIL |
iii) | RIGHT SHARES | NIL |
iv) | ANY OTHER ENTITILEMENT/ CORPORATE ACTION | NIL |
v) | ANY OTHER PRICE SENSITIVE INFORMATION | NIL |
The financial results of the company are annexed: Annexure-A
The Quarterly Report of the company for the period ended March 31, 2023 will be transmitted through PUCARS separately, within the specified time.
Yours Faithfully
For Flying Cement Company Limited
Company Secretary
The Director /HOD
Surveillance, Supervision and Enforcement department
Securities & Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area,
ISLAMABAD
Annexure-A
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR PERIOD ENDED MARCH 31, 2023 (UN-AUDITED)
For the nine month ended | For the quarter ended | ||||||
Jul - Mar | Jul - Mar | Jan-Mar | Jan-Mar | ||||
2023 | 2022 | 2023 | 2022 | ||||
(Un-Audited) | (Un-Audited) | (Un-Audited) | (Un-Audited) | ||||
--------------------(Rupees)------------------ | |||||||
Gross sales | 4,213,752,434 | 5,369,834,388 | 1,461,174,495 | 1,847,155,800 | |||
Less : Sales tax & excise duty | (1,028,585,864) | (1,393,881,329) | (344,537,823) | (491,082,502) | |||
(1,028,585,864) | (1,393,881,329) | (344,537,823) | (491,082,502) | ||||
Net sales | 3,185,166,570 | 3,975,953,059 | 1,116,636,672 | 1,356,073,298 |
Cost of sales
(2,677,085,927)
(3,089,723,802)
(919,790,356)
(987,230,527)
Gross Profit
508,080,643
886,229,257
196,846,316
368,842,771
Distribution cost | (9,858,951) | (5,685,230) | (2,146,010) | (1,767,680) | |||||
Administrative expenses | (60,743,001) | (62,088,541) | (19,455,146) | (27,728,785) | |||||
(70,601,952) | (67,773,771) | (21,601,156) | (29,496,465) | ||||||
Operating Profit | 437,478,691 | 818,455,486 | 175,245,160 | 339,346,306 | |||||
Finance cost | (122,839,149) | (82,188,829) | (40,892,231) | (44,693,337) | |||||
Other income | 8,542,170 | 86,847,204 | - | 13,158,964 | |||||
Profit before taxation | 323,181,712 | 823,113,861 | 134,352,929 | 307,811,933 | |||||
Taxation | (96,469,803) | (56,915,998) | (46,494,148) | (5,626,405) | |||||
Profit after taxation | 226,711,909 | 766,197,863 | 87,858,781 | 302,185,528 | |||||
Other Comprehensive income | - | - | - | - | |||||
Total Comprehensive income for the | 226,711,909 | 766,197,863 | 87,858,781 | 302,185,528 | |||||
period |
Earnings per share- basic
0.33
1.94
0.13
0.77
For Flying Cement Company Limited
Company Secretary