Flying Cement : Financial Results for the Quarter Ended March 31, 2023

FLYING/664/574/2023

April 29, 2023

The General Manager

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi

SUBJECT:

FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED MARCH 31, 2023

Dear Sir

We would like to inform you Board of Directors of the Company in their meeting held at 12:00 noon., through video conference on April 29, 2023 recommended the following:

i)	CASH DIVIDEND	NIL
ii)	BONUS ISSUE	NIL
iii)	RIGHT SHARES	NIL
iv)	ANY OTHER ENTITILEMENT/ CORPORATE ACTION	NIL
v)	ANY OTHER PRICE SENSITIVE INFORMATION	NIL

The financial results of the company are annexed: Annexure-A

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

For Flying Cement Company Limited

Company Secretary

The Director /HOD

Surveillance, Supervision and Enforcement department

Securities & Exchange Commission of Pakistan

NIC Building, 63 Jinnah Avenue, Blue Area,

ISLAMABAD

Annexure-A

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR PERIOD ENDED MARCH 31, 2023 (UN-AUDITED)

	For the nine month ended		For the quarter ended
	Jul - Mar		Jul - Mar		Jan-Mar		Jan-Mar
	2023		2022		2023		2022
	(Un-Audited)		(Un-Audited)		(Un-Audited)		(Un-Audited)
			--------------------(Rupees)------------------
Gross sales	4,213,752,434		5,369,834,388		1,461,174,495		1,847,155,800
Less : Sales tax & excise duty	(1,028,585,864)		(1,393,881,329)		(344,537,823)		(491,082,502)
	(1,028,585,864)	(1,393,881,329)		(344,537,823)	(491,082,502)
Net sales	3,185,166,570	3,975,953,059		1,116,636,672	1,356,073,298

Cost of sales

(2,677,085,927)

(3,089,723,802)

(919,790,356)

(987,230,527)

Gross Profit

508,080,643

886,229,257

196,846,316

368,842,771

Distribution cost	(9,858,951)			(5,685,230)		(2,146,010)		(1,767,680)
Administrative expenses	(60,743,001)			(62,088,541)		(19,455,146)		(27,728,785)
		(70,601,952)		(67,773,771)		(21,601,156)		(29,496,465)
Operating Profit	437,478,691		818,455,486		175,245,160		339,346,306
Finance cost	(122,839,149)			(82,188,829)		(40,892,231)		(44,693,337)
Other income	8,542,170			86,847,204		-		13,158,964
Profit before taxation	323,181,712		823,113,861		134,352,929		307,811,933
Taxation	(96,469,803)			(56,915,998)		(46,494,148)		(5,626,405)
Profit after taxation	226,711,909		766,197,863		87,858,781		302,185,528
Other Comprehensive income	-			-		-		-
Total Comprehensive income for the		226,711,909			766,197,863		87,858,781		302,185,528
period

Earnings per share- basic

0.33

1.94

0.13

0.77

For Flying Cement Company Limited

Company Secretary