Balochistan Glass : Financial Results for the Quarter Ended March 31 2023
May 02, 2023 at 12:46 am EDT
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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.
Balochistan Glass Limited is a Pakistan-based company, which is engaged in the manufacturing and sale of glass containers, glass tableware, pharmaceutical glass bottles and plastic shells. The Company operates through the glass containers segment, which relates to the production of glass containers and tableware. The Company offers its products under various categories, such as tableware products, pharma products, beverage products, food products, and plastic division. Its total capabilities of these units are 36,000 tons, 75,000 tons and 22000 tons per annum respectively, and they produce various types of narrow and wide neck glass containers for soft drinks, juices, food, pharmaceuticals, and breweries in flint, green and amber and tableware. Its manufacturing facility is located at Hub in Balochistan, approximately 35 kilometers from Karachi. The Companyâs food and beverage products are sold to enterprises of both domestic and international origin.