April 29, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi.

Subject:

FINANCIAL RESULTS FOR THE

NINE MONTHS PERIOD ENDED MARCH 31, 2023

Dear Sir,

The Company has to inform you that the Board of Directors, in their meeting held on April 29, 2023 at Lahore has not declared any Cash Dividend or Bonus/Right shares for the Nine months & third quarter period ended March 31, 2023.

Financial results (un-audited) for the said period are attached herewith this letter - Annex - 1.

These (Un-audited) financials results of the Company for the said period will be uploading on PSX through PUCARS and on Company's website in due course. Further we will also be sending you the requisite hard copies separately.

You may please inform the members of the Exchange accordingly.

Yours Sincerely,

Balochistan Glass Limited

Company Secretary

ANNEX-1

BALOCHISTAN GLASS LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2023

Nine months period ended

Quarter ended

March 31

March 31

March 31

March 31

2023

2022

2023

2022

Note

(Rupees in thousands)

(Rupees in thousands)

Sales - net

162,900

1,089,346

36,910

429,748

Cost of sales

(292,808)

(1,105,127)

(80,211)

(413,690)

Gross loss

(129,908)

(15,781)

(43,301)

16,058

Administrative and selling expenses

(19,052)

(58,199)

(2,794)

(18,592)

Other expenses

-

(47)

-

(3)

Other income

16

281

89,884

-

-

Operating (loss) / profit

(148,679)

15,857

(46,095)

(2,537)

Finance cost

(103,202)

(71,101)

(33,987)

(23,913)

(251,881)

(55,244)

(80,082)

(26,450)

Share of profit from an associated company

-

1,361

-

-

Loss before taxation

(251,881)

(53,883)

(80,082)

(26,450)

Taxation

- Current

(2,036)

(13,617)

(461)

(5,372)

- Prior

2,063

-

-

-

- Deferred

7,061

13,109

1,243

1,370

7,088

(508)

782

(4,002)

Loss after taxation

(244,793)

(54,391)

(79,300)

(30,452)

Loss per share - basic and diluted (Rs.)

(0.94)

(0.21)

(0.30)

(0.12)

The annexed notes from 1 to 20 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

CHIEF FINANCIAL OFFICER

DIRECTOR

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Balochistan Glass Ltd. published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 04:45:10 UTC.