LSE Proptech : Transmisson of Quarterly Report 30 September 2023

1st Quarter Report

For the period ended September 30th, 2023

LSE PROPTECH LIMITED

Quarterly Report September 30, 2023

Company Information

Board of Directors

1.	Mr. Habib Ur Rehman Gilani	Chairman
2.	Mr. Aftab Ahmad Ch.	Chief Executive Officer
3.	Mr. Ghulam Mustafa	Non-Executive Director
4.	Mr. Rizwan Ejaz	Non-Executive Director
5.	Mr. Kashif Shabbir	Independent Director
6.	Mr. Khalid Waheed	Non-Executive Director
7.	Ms. Maleeha Humayun Bangash	Independent Director
Audit Committee
1.	Mr. Kashif Shabbir	Chairman
2.	Mr. Ghulam Mustafa	Member
3.	Ms. Maleeha Humayun Bangash	Member
4.	Mr. Muhammad Sajjad Hyder	Secretary
Human Resource and Remuneration Committee
1.	Mr. Rizwan Ejaz	Chairman
2.	Mr. Khalid Waheed	Member
3.	Ms. Maleeha Humayun Bangash	Member
4.	Mr. Muhammad Sajjad Hyder	Secretary
Company Secretary	Mr. Muhammad Sajjad Hyder
Chief Financial Officer	Mr. Rashid Matin Khan
Auditors		Crowe Hussain Chaudhry & Co. Chartered
		Accountant
Legal Advisor	Mr. Zafar Parvaiz, Advocate High Court
Share Registrar	CDC Share Registrar Services Limited
		CDC House, 99-B, Block B, S.M.C.H.S., Main
		Shahrah-e-Faisal, Karachi
Registered Office	LSE Plaza, 19 - Khayaban-e-Aiwan-e-Iqbal,
		Lahore

LSE PROPTECH LIMITED

Quarterly Report September 30, 2023

LSE Proptech Limited

DIRECTORS' REVIEW

Dear Shareholders,

On behalf of the Board of Directors, we are pleased to present the Un-audited Condensed Interim Financial Statements of the Company for the 1st quarter ended September 30th, 2023.

During the 1st Quarter of FY 2023-24, the economic activities of Pakistan showed some signs of recovery and improvement due to the impact of fiscal measures taken by the government; aiming of attaining fiscal consolidation through broadening the tax base, providing targeted subsidies only to the most vulnerable, and reducing losses of public sector enterprises through privatization or reforms. These measures would also help bring inflation down in the targeted range and achieve sustainable economic growth over the medium term.

Financial Performance - LSEPL

The financial highlights of the Condensed Interim Financial Statements of the Company for the 1st quarter ended September 30, 2023, in comparison with the corresponding 1st quarter of previous year are as follows:

	1st Quarter	1st Quarter
	September 2022
Financial Highlights	September 2023
Restated
	Rs. in '000	Rs. in '000
Revenue	28,860	14,777
Operating expenditures	(17,095)	(19,867)
Depreciation	(6,422)	(4,452)
Profit/ (Loss) before Taxation	4,643	(9,542)
Taxation	(1,456)	-
Net Profit / (Loss) for the period	3,187	(9,542)
Earnings/ (Loss) Per Share (EPS)	Rs. 0.04	Rs. (0.11)

The above results indicate that operations of the company have started to generate profit after overcoming initial teething problems after demerger/splitting.

The future of Proptech business of the Company holds incredible promises. We are hopeful that the Company will continue with the current momentum and deliver good results in the coming quarters.

Chief Executive

October 26, 2023

Directors' Review 1st Quarter September 30, 2023

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