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 |
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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.