Date: April 27, 2023

FORM 7

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi.

Re: Financial Results for the Quarter ended March 31, 2023

Dear Sir,

We write to inform that the Board of Directors of TPL Corp Limited (the "Company") in its meeting held on Thursday, April 27, 2023 at 03:00 PM at 20 Floor, Sky Tower-East Wing, Dolmen City, HC-3, Block 4, Abdul Sattar Edhi Avenue, Clifton, Karachi. , Pakistan, have recommended the following:

1)

Cash Dividend

Nil

2)

Bonus Shares

Nil

3)

Rights Shares

Nil

4)

Any Other Entitlement

Nil

The financial results of the Company are annexed hereto.

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,

_____________________

Danish Qazi Company Secretary

Encl. As above.

TPL CORP LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2023

Nine months period ended

Three months period ended

(Un-audited)

March 31,

March 31,

March 31,

March 31,

2023

2022

2023

2022

Note

-----------(Rupees)--------------

-----------(Rupees)--------------

Turnover - net

9,094,715,489

3,778,073,344

1,740,331,038

1,320,891,443

Cost of sales

(3,438,377,290)

(2,638,528,843)

(1,222,310,376)

(699,791,311)

Gross profit

5,656,338,199

1,139,544,501

518,020,662

621,100,132

Distribution expenses

(148,982,801)

(122,382,909)

(53,313,000)

(6,949,731)

Administrative expenses

(2,342,662,214)

(1,513,514,110)

(898,956,750)

(712,246,299)

Operating profit / (loss)

3,164,693,184

(496,352,518)

(434,249,088)

(98,095,898)

Other expense

(80,033,154)

9,098,782

(27,664,924)

13,753,709

Finance cost

(1,160,177,944)

(676,073,464)

(409,534,066)

(302,923,161)

Other income

494,463,605

3,824,832,592

149,715,503

54,000,006

Share of loss from investment in associates - net

-

(43,886,807)

-

(22,140,293)

(Less) / Add Share of PTF

(14,870,305)

79,782,176

24,732,757

3,623,089

Profit before taxation

2,404,075,386

2,697,400,761

(696,999,819)

(351,782,548)

Taxation

(114,545,962)

(88,413,119)

(31,745,434)

(14,150,210)

Profit after taxation - from continued operations

2,289,529,424

2,608,987,642

(728,745,252)

(365,932,757)

Loss from discontinued operations

(186,725,501)

-

-

-

Profit / (Loss) for the period

2,102,803,923

2,608,987,642

(728,745,252)

(365,932,757)

Other comprehensive (loss)/income not

to be reclassified to profit or loss in

subsequent periods, (net of tax)

4,504,404

(19,655,157)

22,680,594

(12,622,996)

Fair value (loss)/gain on equity instruments

designated at fair value through other

comprehensive income (FVTOCI)

Other comprehensive l(oss)/income to

be reclassified to profit or loss in

subsequent periods (net of tax)

Exchange differences on translation of foreign operations

(223,756,184)

(41,244,414)

(185,818,234)

(78,400,180)

-

Total comprehensive income for the period

1,883,552,143

2,548,088,072

(891,882,892)

(456,955,933)

Earning per share - basic

0.80

2.06

(1.91)

(1.04)

Earning per share - diluted

0.80

2.05

(1.91)

-

267,297,763

828,719,254.0

2,146,201,145.7

Profit for the period attributable to:

2,974,920,399.7

Owners of the Holding Company

213,936,990

550,362,741

(511,050,156)

(278,356,513)

Non-controlling interest

1,888,866,933

2,058,624,902

(217,695,096)

(87,576,244)

2,102,803,923

2,608,987,642

(728,745,252)

(365,932,757)

The annexed notes from 1 to 13 form an integral part of these unaudited consolidated condensed interim financial information.

TPL Corp Limited

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2023

Administrative expenses

Operating loss

Finance cost

Other income

Loss before taxation

Taxation

Loss for the period

Other comprehensive income

Other comprehensive loss not to be :

reclassified to profit or loss in subsequent periods (net of tax)

Realised (loss)/gain on investments designated at fair value through other comprehensive income (FVTOCI)

Unrealised (loss)/gain on revaluation of investments at

FVOCI

Nine months ended

March 31,

March 31,

2023

2022

Note

--------------(Rupees)---------------

14

(138,543,667)

(98,586,200)

(138,543,667)

(98,586,200)

15

(692,418,974)

(273,701,259)

18,160,738

8,541,094

(812,801,904)

(363,746,365)

7,704,319

(4,125,900)

(805,097,584)

(367,872,265)

(2,970,386)

-

(1,190,164,501)

(744,316,935)

Quarter ended

March 31,

March 31,

2023

2022

--------------(Rupees)---------------

(43,247,419)

9,125,466

(43,247,419)

9,125,466

(233,968,307) (111,716,977)

(478,961) 3,065,529

(277,694,686) (99,525,982)

  • (4,125,900)

(277,694,686) (103,651,882)

1,269,000

-

(365,688,232)

(310,288,294)

(1,193,134,887)

(744,316,935)

(364,419,232)

(310,288,294)

Total comprehensive income

(1,998,232,471)

(1,112,189,200)

(642,113,918)

(413,940,176)

for the period

(Loss) per share -

(3.01)

(1.38)

(1.04)

(0.39)

Basic and diluted

The annexed notes from 1 to 18 form an integral part of these condensed interim financial statements.

###

CHIEF EXECUTIVE

CHIEF FINANCIAL OFFICER

DIRECTOR

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

TPL Corp Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 04:16:07 UTC.