UN-AUDITED
QUARTERLY ACCOUNTS
FOR TILL. PERIOD ENDED MARCH 31, 2025
Mand›iwallaEilO-WODm Plastic Industries Limited
MANDVIWALLA MAUSEIt PLASTIC INDUSTRIES LIMTED COMPANY INFORMATION
Board of Directors
Mr. Abdul Qadir Shiwani Mr. Azeem H. Mand viwalla Mr. S. Asiihar Ali
Mr Shamim Ahmed Khan Mr. Tariq Mehmood
Mr Naseer Ahmed
Mrs Huma Darugar
Board of Audit Committee Mrs. Huma Darugar
Mr. Abdul Qadir Shiwani
Mr. Shamim Ahmed Khan
Company Secretary
Ms Hina A mbreen
Bankers
Habib Metropolitan Bank Limited SILK Bank Limited
Auditors
Ibrahim Shaikh & Co. Chartered Accountant
Tax Consultants
F.A.K. Tax consultant
Legal Advisor
Tasawur Ali Hashmi (Advocate)
Registered Office
Mandviwalla Building, Old Queens Road, Karachi -74000.
Tel 021-324411 l 6-9 Fax021 -32441276
Website: https://www.mandviwallamauser.com info@mandviwalla.net
Shares Registrar
Registrar THK Associates (Pvt.) Limited Plot No. 32-C, Jami Commercial Street 2, D H A., Phase VII,
Karachi-75500. Pakistan.
(02 I - 1 I I -000-322)
Factory
Chairman /Director Chief Executive/Director Director
Director Director
Independent Director Independent Director
c hairman Member Member
C-5, Uthal Industrial Estate,
Uthal, District Lasbella, Baluchistan.
Tel. 0853-6 10333, 0853-203218, Fax. 0853-610393
New Factory Location: - A79/B, Eastern Industrial Zone, Port Qasim Authority, Karachi
DIRECTORS REVIEW REPORT
Dear Members, The Board of Directors of your Company is pleased to present the unaudited financial statement of the Company for the third quarter ended March 31, 2025.
Economic Overview:
The Pakistani economy maintained its positive momentum into the third quarter of FY2025 (January-March2025), building on the stabilization and reforms implemented throughout the previous year. Key macroeconomic indicators continued to reflect improvement, although challenges remain in sustaining growth and addressing structural imbalances and geopolitical concerns.
Key Highlights:
Inflation:
Inflation plunged to 0.7 % Year on Year (YoY) in March 2025, the lowest since December 1965, driven by soft global food and energy prices alongside tight monetary settings.
Urban inflation moderated to 1.2 %, rural to 0 %, with minor month-on-month upticks reflecting base effects and stable supplies.
Monetary Policy:
At its March 10, 2025 meeting, the SBP's Monetary Policy Committee held the policy rate steady at 12 O/ , noting lower-than-expected inflation and external pressures. The pause reflects a cautious balance between anchoring disinflation and supporting nascent recovery.
Foreign Exchange Reserves:
foreign exchange reserves reached $16.0 billion by mid-March,
bolstered by remittances and multilateral inflows.
O Workers' remittances hit $28 billion during July 2024-March 2025, up
33.2 % YoY, providing vital hard-currency support.
O The current-account swung into a $1.9 billion surplus in July 2024-April 2025, reversing last year's deficit and easing external pressures.
O IMF Engagement: $7 billion Extended Fund Facility on track, with $2 billion disbursed by March 2025.
SWuctural Reforms:
URAAN Pakistan: The 5-year plan (2024-29) launched with focus on:
Exports: Targeting $60 billion by FY2028
E-Pakistan: Digital transformation
Energy/Infrastructure: Addressing $20.49 trillion circular debt
Equity: Tax base broadening
Environment: Climate resilience
Geopolitical Developments
India-Pakistan Tensions: Flared after April 2024 Kashmir attack, impacting IMF negotiations. India formally objected to Pakistan's IMF program in March 2025 board meeting. This resulted in briefly unsettled markets but have largely been contained through direct
diplomacy
Company's Overview:
Det•iiled Analysis: Three-Month I•eriod (January-March 2025):
During the quarter, prc›duct act f‹v mance rcnaainecJ nfixed across the {portfolio. While certain categories u'itnessecl stubble cJeiaaand, the average selling prices declined by approximately 9% mparccl Its the same {aerioci last year. This reduction primarily reflects the impact of softening glt leaf actrt chemical prices and easing local inflation. Our pricing approach rcnaainccl aha ctive to market conditions, ensuring continued relevance and ct›m{aetitivt•n‹•ss.
The 120 Ltr anal 160 I.tr o en toga Strums were - reintrociuced to the market after a prolonged hiatus marking i successful revival r f dormant procJuct lines.
Detailed Analysis: Nine-Month I't•riod (] uly 2024-Mark h 2025)
Over the nine-month erit›d, ci ter mance remained generally in line with expectations. While legacy pi r›ctucfs sustainecl their market presence, price pressures persisted, with average selling prices declining by around 13°ñ due to intensified market competition and a sr›fteninp ct›st cnvirr nment, particularly in petrochemicals. Newly reintrociuced roclucts centric utccJ Positively to the overall portfolio, reflecting a successful re-entry str‹itegv anal grouping market acceptance. The company continues to {Prioritize volume an cl [aricu measures in response to evolving market conditions.
Financial Performance:
A summary of the financial results is shown below:
As per un-audited financial statements |
Sales- net |
Gross profit |
Net profit/(loss)after taxation |
Accumulated losses |
Earnings per share |
31 March, 2025 | 31 March, 2024 | Change |
829,903,960 | 832,466,910 | -0..31% |
145,411,623 | 132,345,373 | +9.87% |
64,595,877 | 59,790,255 | +8.04% |
(282,704,401) | (396,732,011) | -28.74% |
2.25 | 2.08 | +8.17% |
Future Outlook:
The business enters the upcoming quarter on a solid operational footing, supported by encouraging trends across key segments. Despite some pressure on average selling prices, our strategic focus on efficiency and market responsiveness has helped sustain momentum. Going forward, we plan to further streamline our cost structure and selectively invest in equipment to support our volume growth and margin stability. However, our outlook remains sensitive to external factors, particularly global economic shifts and regional geopolitical developments. Provided these external pressures remain manageable, we are confic4ent in our ability to surpass last year's revenue levels.
Acknowledgement:
We are grateful to Company's shareholders for their continuing confidence and patronage. We record our sincere appreciation to all stakeholders and to our prospective investor, State Bank of Pakistan, the Securities and Exchange Commission of Pakistan and Management of Pakistan Stock Exchange Limited for their unwavering support and guidance.
We acknowledge and appreciate the hard work put in by the employees of the Company during the period. We also acknowledge the valuable contribution and active role of members of Board in supporting the management in difficult times.
du ir Shiwani Chai an/ Director
On behalf of the Board of Directors
Azeem Hakim Mandviwalla Chief Executive
Karachi
Pakistan
Dated: 15-July-2025
-0.31% | 832,466,910 | 829,903,960 | |||
+9.87% | 132,345,373 | 145,411,623 | |||
+8.04% | 59,790,255 | 64,595,877 | 3/N(J )J 6' | ||
-28.74% | (396,732,011) | (282,704,401) | |||
+8.17% | 2.08 | 2.25 |
MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSTION AS AT MARCH 31, 2025
ASSETS
NoteUnaudited
March 31,
2025 RupeesAudited June 30,
2024Rupees
NON-CURRENT ASSETS
Property, plant and equipment Assets in bonds
Deferred taxation Long term deposits
CURRENT ASSETS
Stores, spare and loose tools
Stock-in-trade 5
Trade receivables Other receivables
Cash and bank balances 6
TOTAL ASSETS
EQUITY AND LIABILITIES REPRESENTED BY:
SHARE CAPITAL AND RESERVES
Authorized capital: 40,000,000(June 30,2024: 40,000,000) ordinary shares of Rs.10/- each
Issued, subscribed and paid-up capital Subordinated loan
Accumulated losses
65,895,155
14,672,067
1,423,656
81,990,878
1,518,681
145,602,888
90,343,907
85,058,673
17,631,503
340,155,653
422,146,531
400,000,000
287,481,330
115,714,528
(282,704,401)
120,491,458
64,544,574
14,672,067
1,423,656
80,640,297
2,374,131
150,354,272
83,525,921
113,848,933
11,865,782
361,969,039
442,609,336
400,000,000
287,481,330
115,714,528
(347,300,278)
5S,895,580
NON-CURRENT LIABILITIES
Deferred liability
29 565 240 29 623 133
29,565,240 29,623,133
CURRENT LIABILITIES
Trade and other payables Unclaimed dividend Provision for taxation Short term borrowings
TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS
56,547,770
2,208,846
22,104,840
7 191,228,377
272,089,833
422,146,531
91,235,399
2,208,846
24,613,100
239,033,278
357,090,623
442,609,336
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements
Chief Executive
_
Direx Chief Financial Officer
MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS ACCOUNT (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS ENDED MARCH 31, 2025
Nine months ended Quarter ended
Sales - net | Note | March 31, 2025 Rupees 829 903 960 | March 31, 2024 Rupees 832 466 190 | March 31, 2025 Rupees 6 770 050 | March 31, 2024 Rupees 299 185 4 9 | |||
Cost of goods sold | 9 | 6 4 492 337) | 700 120 817) | 266 219 058) | 248 057 468) | |||
Gross profit I (loss) | 145,411,623 | 132,345,373 | 80,550,992 | 51,128,011 | ||||
Administrative expenses | 28,127,011 | 22,142,202 | 12,273,888 | 9,066,534 | ||||
Selling and distribution expenses | 12,564,261 | 11,131,466 | 3,935,000 | 3,221,000 | ||||
(40,691,273) | (33,273,668) | (16,208,889) | (12,287,534) | |||||
Other income | ||||||||
Operating profit/(loss) | 104,720,350 | 99,071,705 | 64,342,103 | 38,840,477 | ||||
Financial and other charges | 13 740 241) | 14 860 077) | (6 024 306 | 4 944 9 3) | ||||
ProfiV(loss) before taxation | 90,980,109 | 84,211,628 | 58,317,797 | 33,895,504 | ||||
Taxation | 26 384 232 | 24 421 373 | 11 452 720) | 15 867 632 | ||||
Profit/(loss) for the period | 64,595,877 | 59,790,255 | 46,865,077 | 18,027,872 | ||||
Earnings per share - basic | 2.25 | 0.06_ |
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements
Chief Executive Director Chief Finan ia er
MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS ENDED MARCH 31, 2025
Nine on hs ended ear u En e
March 31, | March 31, | March 31, | March 31, |
2025 | 2024 | 2025 | 2024 |
Rupees | Rupees | Rupees | Rupees |
Profit/(loss) for the perlod
Other comprehensive income
64,595,877 59,790,255 46,865,077
18,027,872
Total comprehensive income for the period
_ 64,595,877 59,790,255 46,865,077 18,027,872
Chief Fu
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements.
ief Executive "
Direct
"MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF CASHFLOWS - UNAUDITED FOR THE NINE IgONTHS PERIOD ENDED MARCH 31, 2025Nine months ended March 31,
2025Rupees
Nine months ended March 31,
2024 Rupees CASH FLOWS GENERATED FROM OPERATIONSProfit /(loss) before taxation
Adjustment for non-cash changes and other items: Depreciation on property, plant and equipment Provision for staff gratuity
Loss/(gain) on sale of property, plant and equipment Financial and other charges
Net cash flow from operating activities before working capital changes Working capital changes
(Increase) /decrease in current assets
Stores, spare and loose tools Stock-in-trade
Trade receivables Other Receivable
Increase /(decrease) in current liabilities
90,980,109
5,079,267 | 5,287,411 |
13,740,241 | 14,860,077 |
855,450 | (12,080) |
4,751,384 | 56,930,902 |
(1,532,752) | (25,696,670) |
27,753,020 | (38,315,299/ |
18,819,508 109,799,617
31,827,102
84,211,628
20,147,488 104,359,116
(7,093,147)
Trade and other payables
Income tax paid Staff gratuity paid
Employees' compensated absences paid Long tern deposits
Financial and other charges paid
687 6 9) 9 047 363)
(34,687,629) (9,047,363)
(33,140,486) | (8,335,974) |
(57,893) | (43,393) |
(991,946) | |
(13,740,241) | (14,860,077) |
Net cash inflow/(outflow) from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Addition into the property, plant and equipment Sale proceed of property, plant and equipment Sale proceed of long term deposits
Net cash inflow/(outflow) from investing activities CASH FLOWS FROM FINANCING ACTIVITIESShort term financing from directors Short term borrowing Subordinated Loan
Repayment of Subordinated Load
Net cash inflow / (outflow) from financing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period
(46,938,620) 60,000,470
(63,930,671)
(47,804,901)
(941,716)
(6,429,848)
(6,429,848)
(47,804,901)
5,765,721
11,865,782
17,631,503
(24,231,390) 63,987,285
(941,716)
(63,930,671)
(885,102)
796,571
(88,531)
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements
Chief Executive Chief Financial Officer
"MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY - (UNAUDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025
Issued, Subscribed and Paid-up Capital | Subordinated loan | Accumulated Losses | Net shareholders' equity |
Rupees Rupees Rupees Rupees
Balance as at July 1, 2023 - (audited)
Total comprehensive income for the period, net of tax
Balance as at March 31, 2024 - (unaudited)
287,481,330 115,714,528 (456,522,266) (53,326,408)
59,790,255 59,790,255
287,481,330 115,714,528 (396,732,011) 6,463,847
Balance as at July 1, 2024 - (audited) | 287,481,330 | 115,714,528 | (347,300,278) | 55,895,580 |
Total comprehensive income for the period, net of tax | 64,595,877 | 64,595,877 | ||
Balance as at March 31, 2025 - (unaudited) | 287,481,330 | 115,714,528 | (282,704,401) | 120,491,457 |
The annexed notes 1 to 12 form an integral part of these condensed inte ial statements
C
xecutive
"
Direct Chief
MANDVIWALLA MAUSER PLASTIC INDUSTRIES LIMITEDNOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS - UNAUDITED
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025
STATUS AND NATURE OF BUSINESS
The company was incorporated in Pakistan on June 13, 1988, as a public limited company The company is listed on the Pakistan Stock Exchanges (PSX = MWMP) . The company is mainly engaged in manufacturing and sale of plastic and allied products. The registered office of the company is situated at Mandviwalla Building, Old Queens Road, Karachi. The Plant is Located at A-79 /B, Eastern Industrial Zone, Port Qasim Authority Karachi.
-
GOING CONCERN ASSUMPTION
The company reported a net profit of Rs. 46.86 million for the third quarter ended, and Rs 64.595 million in Nine months. which has reduced the accumulated losses to Rs. 282.7 million. Additionally, the net shareholders' equity showed a positive trend, increasing to Rs. 120.49 million as of March 31, 2025.
The management remains confident in the company's ability to continue as a going concern. Active measures are being implemented to steer the company towards sustained profitable operations. Furthermore, the company's sponsors have reaffirmed their commitment to providing unwavering support, ensuring the company is equipped to navigate any challenging times
-
GOING CONCERN ASSUMPTION
BASIS OF PREPARATION
These condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:
International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act,2O17; and
Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan as notified under the Companies Act, 2017; and
Provisions of and directives issued under the Companies Act,2017.
Where the provisions of and directives issued under the Companies Act,2017 differ with the requirements of IAS 34, the provisions and directives issued under the Companies Act,2017 have been followed.
These condensed interim financial statements do not include all the information and disclosures required in the annual audited financial statements, and should be read in conjunction with Company's annual audited financial statements for the year ended June 30,2024.
Changes In accounting standards, interpretations and pronouncements
Standards and amendments to approved accounting standards that are effective
There are certain amendments and interpretations to the accounting and reporting standards which are mandatory for the Company's annual accounting period beginning July 01, 2024. However, these do not have any significant impact on this condensed interim financial information and therefore, have not been detailed here.
Standards and amendments to approved accounting standarde that are not yet effective
There are standards and certain other amendments to the accounting and reporting standards that will be mandatory for the Company's annual accounting periods beginning on or after July 01, 2025. However, these are considered either not to be
relevant or to have any significant impact on the Company's financial statements and operations and, therefore, have not been
disclosed in these condensed financial statements.
SIGNIFICANT ACCOUNTING POLICIES
The accounting policies adopted in the preparation of these condensed interim financial statements are the same as those applied in the preparation of the annual financial statements of the Company for the year ended June 30, 2024.
Operating fixed assets Capital work-in-progress
Operating fixed assets Opening written down value Addition during the period
NOt6
4.1
*.2
Unaudited
March 31,
2025
Rupees
65,895,155
64,544,574
65,895,155
65,895,155
Audited
June 30,
2024
Rupees 64,544,574
64 544 574
64,544,574 | 68,610,075 |
6,429,848 | 3,133,251 |
71,743,326 |
Disposal during the period Depreciation charged during the period Closing written down value
(5,079,267) (7,1 8 752 _
65,895,155
MANDVIWALLA MAUSER PLASTIC INDUSTRIES LII¥IITED NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS - UNAUDITEDFOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025
5 STOCK-IN-TRADE
Raw materials
Raw materials in bond Finished goods
Unaudited March 31,
2025
122,364,479 | 102,669,220 |
23,661,076 | 48,107,719 |
Rupees
146,025,555
Audited June 30,
2024Rupees
150,776,939
Less: Provision for slow moving finished goods
(422,667) (422,667)
146,602,888 150,354,272
Cash in hand
Pay order in Hand
Unaudited
March 31,
2025
Rupees
14,000
Audited June 30,
2024Rupees
1,514,000
5,644,388
Cash at banks - in current accounts
17,617,503
Local currency
Cash margin with banks
17,631,5034,707,394
4,707,394
11,865,782
SHORT TERM BORROWINGS
Habib Metropolitan Bank Trust Receipts - secured Othem - unsecured
Total
Note
7.1
7.2
Unaudited March 31,
2025
35,153,157
156,065,220
82,968,058
156,065,220
Rupees
191,218,377 AuditedJune 30,
2024Rupees
239,033,278
This represents a Letter of Credit - Trust Receipts finance facility amounting to Rs. 150 million, bearing a mark-up of 3-month KIBOR plus 1°/» per annum. The loan is to be repaid within a maximum of 180 days from the date of initiation. The loan is secured by a first pari passu charge over plant and machinery, as well as an undertaking from Mls Meskay & Femtee Trading Company Private Limited to retire the Letter of Credit documents, if necessary. In addition, under the contract, the company's rights will be assigned to the bank. Furthermore, the loan is backed by both the personal guarantee of Mr. Shahid Tawawalla and the corporate guarantee of Mls Meskay & Femtee Trading Company Private Limited.
The Company has obtained loan from M/s Meskay and Femtee Trading Company (Private) Limited. As per the terms of agreement, the loan is payable on demand.
There have been no new contingencies or commitments arising during the period. The company continues to manage its existing commitments and contingencies in line with the prior period's disclosures. No additional liabilities or potential obligations have been recognized as of the reporting date.
Unaudited
Note one Ni e d eye March 31, March 31, March 31, March 31.
2025 2024 2025 2024
Rupees Rupees Rupees Rupees
finished goods | |||||||||||
-Opening stock | 48.107,719 | 48,017,210 | 81.7B6.302 | 39,B00,000 | |||||||
Cost of goods manufactured | 660,045 ,694 | 677,103,607 | 208.093.833 | 233.257.468 | |||||||
Cost of goods - available for sale | 708.153,413 | 725.120,817 | 289,660.13d | 273.057.466 | |||||||
-Closing stock | (23,661,076) | (25.000,000) | (23,661,076) | (25.000.000) | |||||||
Cost of goods sold | 684,492,337 | 700,120,617 | 266,219,058 | 248,057,4&8 | |||||||
Cast of'goods manufactured | |||||||||||
Raw matenals consumed | 512.225,656 | 558 248.416 | 163.173.911 | 196.417,341 | |||||||
Salaries, wages and other benefD | 27.370,255 | 8,894.110 | 11.527.836 | 4.712,341 | |||||||
Stores and spares consumed Traveling Conveyance and vehicle running expenses | 16.619.502 4.119,598 | 9,?96.618 3,863.431 | 5.338.928 1,759.948 | 4.581.706 1.255.850 | |||||||
Other expenses | 94.246.255 | 81,720.324 | 24.691.734 | 24.629,394 | |||||||
Depreciauon | 4.804.428 | 4.980.707 | 1,601.476 | 1.660.MS | |||||||
660,045,694 | 677,103,607 | 208,093.833 | 233,2G7,'668 | ||||||||
TRANSACTIONS AND BALANCES WITH RELATED PARTY
Related parties of the company comprise of associated companies, directors, key management personnel and staff retirement benefit fund. All the transactions with related parties are entered into at agreed terms as approved by the Board of Directors of the Company. Details of transactions with related parties, other than those which have been specifically disclosed elsewhere in these condensed interim financial statements are as follows:
Relationship with the company
Balances at period-end:
Directors
Chief executive director - Azeem Hakim Mandviwalla
Chief executive director - Azeem Hakim Mandviwalla
Prospective InvestorMeskay and femtee trading private limited company
Others
Staff gratuity payable
Benefits due but not paid
Transaction durino the period: Staff retirement benefits
Leave Encashment
Staff retirement benefits paid
Nature of
transaction
Sub-ordinated loan
Salary payable
Short term borrowings
Trade and other payables
Trade and other payables
Administrative Expense Administrative
Expense
UnauditedMarch 31,
2025Rupees
Unaudited March 31,
2024
Rupees
115,714,528
115,714,528
1,082,520
1,082,520
156,065,220
156,065,220
26,290,413
26,290,413
4,479,827
4,479,827
57,893
43,393
590,700
590,700
SEGMENT INFORMATION
The financial statements have been prepared based on a single reporting segment as the company operates in only one business segment, which is the manufacturing and sale of plastic drums. The segment information is presented in a manner consistent with the internal management reporting structure, which has been used by the Company's chief operating decision maker (CODM) to assess performance and allocate resources.
Sales of Plastic Drums
Most of sales of the company are derived from the sale of plastic drums.
Revenue by Geographical Area:
The company's sales to customers in Pakistan accounted for 100°/+ of the total revenue for the nine-month ended March 31, 2025 as well as nine-month ended March 31, 2024.
There were no sales to external customers in any other geographic region.
Non-current assets (property, plant, and equipment) of the company as at March 31, 2025 and March 31, 2024, are entirely located in Pakistan. The company does not have non-current assets in other geographical regions.
Segment Performance
Since the company operates as a single segment, no further breakdown of performance by segment is disclosed. Segment assets:
All assets of the company, including non-current assets, are allocated to the single segment.
-
GENERAL
This condensed interim financial information is presented in Pakistani rupees, which is the company's functional and presentational currency. The financial statements have been prepared under the historic cost convention. Figures have been rounded off to nearest rupee, unless stated otherwise.
These financial statements were authorized for i 15-July-2025 by the Board of Directors of the Company
Chief Executive Dirk Chief Find