Sally Textile Mills LtdPSX: SLYT

Financial Results for the Quarter Ended as at 31-03-2023

· Issued by Sally Textile Mills Ltd

Form-7

Under Sealed Cover

April 27, 2023

The General Manager

Pakistan Stock Exchange Ltd

Stock Exchange Building,

Stock Exchange Road,

Karachi.

Subject: Financial Results for the 3rd Quarter / Nine Months Ended 31-03-2023

DEAR SIR,

We have to inform you that the Board of Directors of the company in their meeting held on April 27, 2023 at 12:30 p.m. at 2-S,Gulberg-II, Lahore recommended the following.

(i)

CASH DIVIDENED

: NIL

(ii)

BONUS SHARES

: NIL

(iii)

RIGHT SHARES

: NIL

(iv)

ANY OTHER ENTITLEMENT

: NIL

  1. ANY OTHER PRICE - SENSITIVE INFORMATION: NIL

The financial results of the company are as follows:

PROFIT & LOSS ACCOUNT (UN-AUDITED)

FOR THE NINE MONTHS (THIRD QUARTER) ENDED 31-03-2023

Sales-Net

Cost of Sales

Gross Profit / (Loss)

Selling And Distribution Expenses Administrative And General Expenses

Other Income

Operating Profit / (Loss)

Finance Cost

Notional interest

Other Expenses

Profit / (Loss) before Taxation

Taxation

Profit / (Loss) after Taxation

Nine Months Ended March

31, 2023 31, 2022

Rupees (000)

-

-

(25,370)

(26,463)

(25,370)

(26,463)

-

-

(5,162)

(7,930)

(5,162)

(7,930)

-

-

(30,531)

(34,393)

(10,944)

(6,455)

(32,922)

(53,587)

-

-

(74,397)

(94,435)

-

-

(74,397)

(94,435)

Quarter Ended March

31, 202331, 2022 Rupees (000)

-

-

(8,629)

(9,116)

(8,629)

(9,116)

-

-

(1,927)

(4,487)

(1,927)

(4,487)

-

-

(10,556)

(13,603)

(3,865)

(2,521)

(10,731)

(17,546)

-

-

(25,151)

(33,670)

-

-

(25,151)

(33,670)

Profit / (Loss) per share-basic and diluted

(8.48)

(10.76)

(2.87)

(3.84)

The quarterly report of the company for the period ended 31-03-2023 will be transmitted through PUCARS separately, within the specified time.

Yours Sincerely,

For Sally Textile Mills Limited