Pakistan Aluminium Beverage Cans : Financial Results for the Quarter Ended 31-March-2023

FORM-7

Ref: PABC/FS/Q1/23

Date: 28/04/2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi.

Subject: Financial Results for the quarter ended 31-March-2023

Dear Sir,

We have to inform you that the Board of Directors of our company in their meeting held virtually on April 28, 2023 at 3:00 p.m.

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

The financial results of the Company for quarter ended 31-March-2023 are attached as Annexure.

The condensed interim quarterly financial statements for the quarter ended 31-March-2023 shall be transmitted through PUCARS separately, within specified period.

Yours sincerely,

For Pakistan Aluminium Beverage Cans Limited

_________________

Sohail Akhtar Gogal

(Company Secretary)

1. Executive Director / HOD
   Off site-II Department, Supervision Division Securities and Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue, Blue Area, Islamabad

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Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad

Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele [phone]

FINANCIAL RESULTS

The financial results for the quarter ended March 31, 2023 are as follows:

	Three months ended
	March 31,	March 31,
	2023			2022
	(Rupees)
Sales	5,179,837,533			2,623,814,910
Cost of sales	(3,134,176,923)			(1,759,670,379)
Gross profit	2,045,660,610			864,144,531
Administrative expenses	(131,475,998)			(72,203,983)
Selling and distribution expenses	(100,461,897)			(65,402,123)
Other operating incomes	14,747,636			42,800,596
Other operating expenses	(269,840,245)			(46,567,084)
Finance costs	(157,222,466)			(95,503,230)
Profit before taxation	1,401,407,640			627,268,707
Taxation	(58,755,164)			(16,666,326)
Profit for the period
1,342,652,476			610,602,381
Earnings per share - basic and diluted (Rupees)	3.72			1.69

_________________

Sohail Akhtar Gogal

(Company Secretary)

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Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad

Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele [phone]

DISCLOSURE FORM

IN TERMS OF SECTION 96 & 131 OF THE SECURITIES ACT, 2015

Name of the Company	Pakistan Aluminium Beverages Cans Limited
Date of report (Date of earliest event reported if	28-04-2023
applicable)
Address	PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad,
	Pakistan
Contact Information	Company Secretary
	29 & 30, M-3 Industrial City, Main Boulevard
	Sahianwalla, Faisalabad

Disclosure of inside information by Listed Company in terms of Section 96 & 131 of the Securities Act, 2015.

The Board of Directors of Pakistan Aluminium Beverages Cans Limited in their meeting held virtually on April 28, 2023 at 03:00 pm (PST) recommended the following:

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

THE FINANCIAL RESULTS OF THE COMPANY ARE UNDER:

The profit & loss account (un-audited) for the quarter ended March 31, 2023 of the company is attached as Annexure.

Signatures

In case of the company, pursuant to the requirements of the Section 96 & 131 of the Securities Act, 2015 the company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.

_________________

Sohail Akhtar Gogal

(Company Secretary)

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Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad

Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele [phone]

ANNEXURE

PAKISTAN ALUMINIUM BEVERAGES CANS LIMITED

STATEMENT OF PROFIT OR LOSS

FOR THE QUARTER ENDED MARCH 31, 2023

	Three months ended
	March 31,	March 31,
	2023	2022
	(Rupees)
Sales	5,179,837,533	2,623,814,910
Cost of sales	(3,134,176,923)	(1,759,670,379)
Gross profit	2,045,660,610	864,144,531
Administrative expenses	(131,475,998)	(72,203,983)
Selling and distribution expenses	(100,461,897)	(65,402,123)
Other operating incomes	14,747,636	42,800,596
Other operating expenses	(269,840,245)	(46,567,084)
Finance costs	(157,222,466)	(95,503,230)
Profit before taxation	1,401,407,640	627,268,707
Taxation	(58,755,164)	(16,666,326)
Profit for the period	1,342,652,476	610,602,381
Earnings per share - basic and diluted (Rupees)	3.72	1.69

_________________

Sohail Akhtar Gogal

(Company Secretary)

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Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad

Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele [phone]