Sally Textile Mills Limited
Interim Financial Report
Half Year ended
December 31, 2022
(Un-audited)
CONTENTS
Company Informaon | 02 |
Directors' Review | 03 |
Condensed Interim Statement of Financial Posion | 06 |
Condensed Interim Statement of Profit or Loss | 08 |
Condensed Interim Statement of Comprehensive Income | 09 |
Condensed Interim Statement of Cash Flows | 10 |
Condensed Interim Statement of Changes in Equity | 12 |
Notes to the Condensed Interim Finanacial Informaon | 13 |
Sally TexÆle Mills Limited
Company Informaon | |
Board Of Directors | |
Mian Iqbal Salahuddin | Chief Execuve Officer |
Mst. Munira Salahuddin | |
Mian Yousaf Salahuddin | |
Mian Asad Salahuddin | |
Mian Sohail Salahuddin | |
Muhammad Khalil Laf | |
Syed Abid Raza Zaidi | |
Audit Commiee | |
Muhammad Khalil Laf | Chairman |
Mian Asad Salahuddin | Member |
Mian Sohail Salahuddin | Member |
Syed Abid Raza Zaidi | Secretary |
Human Resources & Remuneraon Commiee
Muhammad Khalil Laf | Chairman |
Mst. Munira Salahuddin | Member |
Mian Sohail Salahuddin | Member |
Chief Financial Officer
Mr. Hasan Shahnawaz
Company Secretary
Syed Abid Raza Zaidi
Auditors
M/s Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants
Bankers
Naonal Bank Of Pakistan
Silk Bank Limited
The Bank of Punjab
Meezan Bank Limited
Habib Bank Limited
Registered Office
2-S, Gulberg II, Lahore.
Phones : (042) 35759002
E-mail : sallytex@hotmail.com
Fax | : (042) 35754394 |
Mills
Muzaffargarh Road, Jauharabad
Phones: (0454) 720645, 720546, 720311
02
Interim Financial Report
Directors' Review
The Directors of Sally TexÆle Mills Limited ("the Company") present the half year report of the Company for the period ended 31st December 2022.
Overview - Performance review
During the period under review, mill operaons had been shut down due to negave viability. As evident from our accounts, there was no business conducted.
The financial results in a summarized form are given hereunder:
Six months ended | Six months ended | |
Descripon | December 31, 2022 | December 31, 2021 |
Rupees '000' | Rupees '000' | |
Turnover-net | - | |
- | ||
Gross Profit / (Loss) | (16.74) | (17.35) |
Loss before tax | (49.25) | (60.76) |
Loss aer tax | (49.25) | (60.76) |
Loss per share
Loss per share of your company for ended December 31, 2022 is Rs. (5.61) as compared to Rs. (6.92) for the comparave period ended December 31, 2021.
Acknowledgement
The company had presented its accounts for review to the auditors; however, the auditors have delayed finalizing the financials. The maer has been taken up with the concerned firm. Yours directors record with appreciaon the resolve of company's limited staff members who are connuing their efforts to manage this present predicament. Your directors also extend their appreciaon to all company's stakeholders for their cooperaon.
For and on behalf of the board
Date: February 28, 2023 | MIAN IQBAL SALAHUDDIN |
Lahore. | Chief Execuve Officer |
03
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