MILLS LIMITED
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+92-21.3soso923.4
Q info@olympiamills.com 19 www.olympiamills.com
H-23/3, Landhi Industrial Area
Karachi, Pakistan.
The Managing Director, | 4 October,2022 |
Pakistan Stock Exchange Limited | |
Stork l:xchnngc Ouil<> | |
Storf.. F'chnngc llond. | |
Karachi | |
SUBJE('T l;INANC'IAL 1{13SUl ·rs FOR II IE YEAR bNJ)ED JUNE 30, 2022 | |
Dear Sir. |
ll is to ,nfom, you that the Board of Directors of Olympia Mills Limited in their meeting held on October 04, 2022 at Head Office, H-23/3 Landh1 Industrial Arca, Karachi, hove 11pproved the accounts of the Company for the year ended June 30, 2022.
CASH DIVIDEND:Nil
BONUS SHARES: Nil
RIGHT SHARES:Nil
The financial results of the Company are as follows:
For the year ended | For the year ended | ||
June 30, 2022 | June 30, 2021 | ||
RUPEES | RUPEES | ||
Revenue from Rental/ Lease Income | 96,997,031 | 90,934,022 | ||||||
Direct Operating Expenses | (40,051,190) | (35,991,095) | ||||||
Profit from principal Line ofbusiness | 56,945,841 | 54,942,927 | ||||||
Income / (loss) from Paper Manufacturing Business | ||||||||
Sales of Paper | 26,590,121 | 206,704,896 | ||||||
Cost ofSales | (29,511,935) | (218,067,087) | ||||||
Loss from paper business | (2,921,814) | (l1,362,191) | ||||||
54,024,027 | 43,580,736 | |||||||
Administrative & general expenses | (I7,392,406) | (18,061,573) | ||||||
Other Income | 6,834,583 | 13,130,573 | ||||||
Gain on Extinguishment of debt | 222,272,000 | |||||||
Other Expenses | (14,543) | (4,966,27I) | ||||||
211,699,634 | (9,897.27i I | |||||||
Operating Profit | 265,723,661 | 33,683,-t65 | ||||||
Finance Cost | ( I 0,096,294) | (11,514,676) | ||||||
Profit before taxation | 255,627,367 | 22,158,78� | ||||||
Taxation - Current | (15,267,943) | (16,738,798) | ||||||
Taxation - Prior | 2,302,393 | 2,374,040 | ||||||
Net Profit for the year after taxation | 242,661,817 | |||||||
7,794,031 | ||||||||
Earning per share· Basic and diluted | 20.22 | |||||||
We wil� be transm1lling the Annual Report for the year ended June 30,2022 in electronic fonn through PUCAR The Annual General Meeting will be held at 12.00 pm on October 27,2022 at registered otftce of the company. The Register of Members of the Compan) will remain closed from October 21, 2022 to October 27, 2022.