April 23, 2025 | The Director / HOD |
General Manager | Surveillance Supervision |
Pakistan Stock Exchange Limited | and Endorsement Département |
Stock Exchange Building | Security & Exchange Commission |
Stock Exchange Road, Karachi | of Pakistan, Islamabad |
Subject: FINANCIAL RESULTS FOR THE NINE MONTHS ENDED MARCH 31, 2025
Dear Sir,
We have to inform you that the Board of Directors of the Company in their meeting held on Wednesday, April 23, 2025, at 15:00 at the registered office Karachi, reviewed and approved the un-audited financial result of the Company for the nine months ended March 31, 2025, recommend the following:
-
Cash Dividend
An Interim Cash Dividend for the nine months ended March 31, 2025 @ Rs.1.25 per
share i.e. 12.5%. This is in addition to the interim cash dividend already paid at Rs.2.00 | ||
per share i.e. 20%. | ||
(ii) | Bonus Shares | NIL |
(iii) | Right Shares | NIL |
(iv) | Any other Entitlement / Corporate Action | Attached Annexure "B" |
(v) | Any other Price Sensitive Information | NIL |
The unaudited financial results of the Company for the nine months ended March 31, 2025, are attached.
The share transfer book of the Company will be closed from May 5,2025, to May 7,2025 (both days inclusive). Transfer received in order at the office of our Share Registrar, M/s. Central Depository Company of Pakistan Limited, CDC House 99 B, Block B, S.M.C.H.S, Main Shahrah-e- Faisal Karachi, latest by the close of business on May 2, 2025, will be treated in time for purpose of above interim cash dividend to the transferees.
The quarterly Report of the Company for the period ended March 31, 2025, will be transmitted through PUCARS separately, within the specified time.
Yours Truly
- Imran Company Secretary
UNITED DISTRIBUTORS PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2025
Note | |
ASSETS | |
NON - CURRENT ASSETS | |
Property, plant and equipment | 6 |
Intangible assets | |
Long-term investments | 7 |
Long-term loan and deposits | |
CURRENT ASSETS | |
Stock in trade | |
Trade and other receivables | 8 |
Loans, advances and prepayments | |
Short term investments | 9 |
Cash and bank balances | |
Asset classified as held for sale | 7 |
TOTAL ASSETS | |
EQUITY AND LIABILITIES | |
SHARE CAPITAL AND RESERVES | |
Authorized share capital | |
50,000,000 (June 30, 2024: 50,000,000) shares of Rs. 10 each | |
Issued, subscribed and paid-up capital | |
35,271,133 (June 30, 2024: 35,271,133) ordinary shares of Rs. 10 each | |
Revenue reserve | |
General reserves | |
Un-appropriated profits | |
Revaluation reserve on investment at fair value through | |
other comprehensive income | |
NON - CURRENT LIABILITIES | |
Liability under diminishing musharakah financing | |
Lease liability against right of use of asset | |
Deferred income | 10 |
Deferred tax liability | |
CURRENT LIABILITIES | |
Trade and other payables | 11 |
Current portion of : | |
Liability under diminishing musharakah financing | |
Lease liability against right of use of asset | |
Deferred income | 10 |
Taxation - net | |
Unclaimed dividend | |
TOTAL EQUITY AND LIABILITIES | |
CONTINGENCIES AND COMMITMENTS | 12 |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements
Annexure "A"
March 31, | June 30, | |
2025 | 2024 | |
(Un-audited) | (Audited) | |
(Rupees | in '000') | |
151,159 | 145,779 | |
- | 113 | |
73,016 | 67,151 | |
5,091 | 4,941 | |
229,266 | 217,984 | |
255,768 | 437,439 | |
280,042 | 267,473 | |
9,848 | 11,394 | |
1,922,432 | 1,594,647 | |
24,745 | 15,886 | |
2,492,835 | 2,326,839 | |
- | - | |
2,722,101 | 2,544,823 | |
500,000 | 500,000 | |
352,713 | 352,713 | |
28,548 | 28,548 | |
1,265,699 | 611,491 | |
1,294,247 | 640,039 | |
12,355 | 57,874 | |
1,659,315 | 1,050,626 | |
70,367 | 63,989 | |
10,494 | 14,768 | |
490,616 | 490,616 |
7561,076
572,233570,449
326,688 | 511,625 |
24,64916,899
6,0736,072
94,250377,000
33,30811,407
5,585745
490,553923,748
2,722,101 2,544,823
Annexure "A"
UNITED DISTRIBUTORS PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE PERIOD ENDED MARCH 31, 2025 - UNAUDITED
Nine months ended | Quarter ended | ||||||||
March 31, | March 31, | March 31, | March 31, | ||||||
2025 | 2024 | 2025 | 2024 | ||||||
Note ---------------------------------- | (Rupees in '000') ------------------------------------ | ||||||||
Revenue from contracts with customers | 13 | 743,369 | 783,983 | 224,079 | 249,725 | ||||
Cost of sales | (463,778) | (477,523) | (144,316) | (159,904) | |||||
Gross profit | 279,591 | 306,460 | 79,763 | 89,821 | |||||
Marketing and distribution expenses | (186,577) | (191,767) | (72,510) | (66,030) | |||||
Administrative and general expenses | (95,007) | (56,869) | (44,518) | (19,152) | |||||
Other operating expenses | (25,147) | (2,297) | (15,865) | (1,805) | |||||
Operating (loss) / profit | (27,140) | 55,527 | (53,130) | 2,834 | |||||
Other income | 14 | 1,200,170 | 111,831 | 863,037 | 26,666 | ||||
Finance cost | (17,871) | (26,262) | (4,632) | (5,647) | |||||
Provision for expected credit loss | (1,299) | - | - | - | |||||
Profit before income tax | 1,153,860 | 141,096 | 805,275 | 23,853 | |||||
Provision for taxation | (337,136) | (47,295) | (287,955) | (6,718) | |||||
Profit for the period | 816,724 | 93,801 | 517,320 | 17,135 | |||||
Earnings per share - basic and diluted | Rs. 23.16 | Rs. 2.66 | Rs. 14.67 | Rs. 0.49 | |||||
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements
UNITED DISTRIBUTORS PAKISTAN LIMITED | Annexure "A" | ||||||
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME | |||||||
FOR THE PERIOD ENDED MARCH 31, 2025 - UNAUDITED | |||||||
Nine months ended | Quarter ended | ||||||
March 31, | March 31, | March 31, | March 31, | ||||
2025 | 2024 | 2025 | 2024 | ||||
------------------------------------------ | (Rupees in '000') ------------------------------------- | ||||||
Profit for the period | 93,801 | 17,135 | |||||
816,724 | 517,318 | ||||||
Other comprehensive income | |||||||
items that will not be reclassified subsequently to | |||||||
statement of profit or loss | |||||||
Unrealised gain on remeasurement of investment | 3,592 | 5,997 | 1,207 | (11,172) | |||
Total comprehensive income for the period | 820,316 | 99,798 | 518,525 | 5,963 |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements
UNITED DISTRIBUTORS PAKISTAN LIMITED | Annexure "A" | ||||
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY | |||||
FOR THE PERIOD ENDED MARCH 31, 2025 - UNAUDITED | |||||
SHARE CAPITAL | REVENUE RESERVE | CAPITAL RESERVES | |||
Issued, subscribed and | Unappropriated | Revaluation reserve on | Total | ||
General reserve | investments held at fair | ||||
paid-up capital | profit | ||||
value through OCI | |||||
-----------------------------Rupees '000'---------------------------- | |||||
Balance as at July 1, 2023 (Audited) | 352,713 | 28,548 | 249,017 | 52,763 | 683,041 |
Profit for the period | - | - | 93,801 | - | 93,801 |
Other comprehensive income | - | - | - | 5,997 | 5,997 |
Total comprehensive income for the half year ended March 31, 2024 | - | - | 93,801 | 5,997 | 99,798 |
Balance at March 31, 2024 (Un-Audited) | 352,713 | 28,548 | 342,818 | 58,760 | 782,839 |
Balance as at July 1, 2024 (Audited) | 352,713 | 28,548 | 611,491 | 57,874 | 1,050,626 |
Cash dividend for the year ended June 30, 2024, @ Rs.4.00 per share | (141,085) | (141,085) | |||
Interim cash dividend @ Rs.2.00 per share | (70,542) | (70,542) | |||
Profit for the period ended March 31 2025 | - | - | 816,724 | - | 816,724 |
Other comprehensive income | - | - | - | 3,592 | 3,592 |
Transfer of reserve of investment held at fair value through OCI | - | - | 49,111 | (49,111) | - |
Total comprehensive income for the period ended March 31, 2025 | - | - | 865,835 | (45,519) | 820,316 |
Balance at March 31, 2025 (Un-Audited) | 352,713 | 28,548 | 1,265,699 | 12,355 | 1,659,315 |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements
Annexure "A"
UNITED DISTRIBUTORS PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED MARCH 31, 2025 - UNAUDITED
March 31, | March 31, | |
2025 | 2024 | |
Note | ------------(Rupees in '000')--------------- |
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations | 15 | 11,765 |
Finance cost paid | (14,441) | |
Income tax paid | (280,790) | |
Long term loans and deposits | (150) | |
Net cash (used in) / generated from operating activities | (283,616) | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property, plant and equipment | (5,991) | |
Short term investment | (308,371) | |
Dividend received | 111,949 | |
Proceed from disposal of long term investment | 727,979 | |
Proceeds from disposal of property, plant and equipment | 6,480 | |
Net cash generated from / (used in) investing activities | 532,046 | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Lease rentals paid | (7,704) | |
Dividend paid | (211,627) | |
Short term loan paid | - | |
Repayment of Diminishing Musharka financing | (20,240) | |
Net cash used in financing activities | (239,571) | |
Net increase in cash and cash equivalents | 8,859 | |
Cash and cash equivalents at the beginning of the period | 15,886 | |
Cash and cash equivalents at the end of the period | 16 | 24,745 |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements
#REF!
865,006
(24,742)
(109,849)
(1,072)
729,343
(76,414)
(534,650)
-
7,689
(603,375)
(6,779)
-
(158,270)
51,038
(114,011)
11,957
11,785
23,742
Annexure "B"
April 23, 2025
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
SUBJECT: DISCLOSURE OF MATERIAL INFORMATION
Dear Sir,
In accordance with Section 96 and Section 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, and further to United Distributors Pakistan Limited's ("UDPL") disclosure dated April 3, 2025, we hereby inform you that the Board
of Directors of the Company, in their meeting held on April 23, 2025, at 15:00 hours at the Registered Office, Karachi, after carrying out complete due deligence, has approved the acquisition of 100% equity shares (i.e., 10,001,000 ordinary shares of PKR 10 each) of Trax Distribution (Private) Limited ("TDPL"), at a total purchase consideration of PKR 100 million.
Furthermore, the Board of Directors has authorized the Chief Executive Officer, Chief Financial Officer, or any Director, acting jointly, to take all necessary actions, execute and sign all documents, agreements, instruments, forms, and returns, and to do all such acts, deeds, and things as may be required or deemed necessary to give effect to the acquisition and all ancillary matters related thereto.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
Sincerely,
_____________________
Muhammad Imran
Company Secretary
Copy to:
Director / HOD
Surveillance, Supervision and Enforcement Department
Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue Blue Area.
Islamabad.