May 29, 2023

FORM-3

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building, Stock Exchange Road

Karachi, Pakistan.

Subject: Financial Results for the Half Yearly, un-audited,condensed interim Financial

Statements of the Company for the period ended March 31, 2023

Dear Sir,

We have to inform you that the Board of Directors of our company in their meeting held on Monday, May 29, 2023 at 04:30 p.m. at Karachi, recommended the following:

(i) CASH DIVIDEND

Nil

AND/OR

(ii) BONUS SHARES

Nil

AND/OR

(iii) RIGHT SHARES

Nil

AND/OR

(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION

Nil

AND/OR

(v) ANY OTHER PRICE-SENSITIVE INFORMATION

Nil

The Half Yearly, un-audited, condensed interim Financial Statements of the Company for the period ended March 31, 2023, are as follows:

Half Year Ended

Quarter Ended

Mar.31, 2023

Mar.31, 2022

Mar.31, 2023

Mar.31, 2022

….........................'(Rupees in '000')…

Sales

4,886,617

5,676,628

3,283,033

4,502,158

Cost of Sales

(5,021,231)

(5,971,838)

(3,435,573)

(4,563,201)

Gross (Loss)

(134,614)

(295,210)

(152,540)

(61,043)

Administrative and General Expenses

(49,944)

(35,525)

(24,846)

(15,724)

Distribution and Selling Costs

(85,220)

(73,439)

(51,575)

(45,465)

Other Operating Income/(Loss)

(321,640)

296

(248,482)

165

(Loss) from Operations

(591,417)

(403,878)

(477,443)

(122,066)

Finance Cost

(23,313)

(21,372)

(11,664)

(10,790)

(Loss) before Income Tax

(614,730)

(425,250)

(489,107)

(132,856)

Taxation

1,623

(6,385)

(9,315)

(23,781)

(Loss) for the period (after Income Tax)

(613,107)

(431,635)

(498,422)

(156,637)

(Loss) per Share - Basic

(6.70)

(4.72)

(5.45)

(1.71)

The Auditors have given observation on loans and markup, further non-provisioning of the markup and observation on going concern assumption of the Company.

The Quarterly Report of the Company for the period ended March 31, 2023 will be transmitted through PUCARS separately, within the specified time.

Yours faithfully,

Muhammad Ilyas Abdul Sattar

Syed Maqbool Ali

Chief Financial Officer

Director

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Dewan Sugar Mills Ltd. published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 04:24:06 UTC.