Suraj Cotton Mills : Financial Results for the Quarter Ended March 31, 2023
April 28, 2023 at 12:17 am EDT
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www.suraj.com
_________________
7-B-3, Aziz Avenue,
Gulberg 5, Lahore,
Pakistan, 54660
T: +92 (42) 3 576 0381
F: +92 (42) 3 576 0376
April 27, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Subject: Financial Results for the Quarter ended March 31, 2023 (Un-Audited)
Dear Sir,
This is to inform you that the Board of Directors of Suraj Cotton Mills Limited in their meeting held on Thursday, April 27, 2023 at 15:00 P.M. (PST) through video link reviewed and approved the Un-Audited Quarterly Financial Statements of the company for the Quarter ended March 31, 2023 and recommended the following entitlements.
Cash Dividend
Cash Dividend for the Quarter ending March 31, 2023 of PKR NIL per share i.e. NIL %. This is in addition to interim dividend already paid PKR NIL per share. i.e. NIL %.
Bonus Shares
To issue Bonus Shares in proportion of NIL share(s) for every 100 share(s) held i.e. NIL %.
The Un-Audited financial results of the company for the year ended March 31, 2023 are enclosed.
Quarterly Report of the company for the 3rd Quarter ended March 31, 2023 will be transmitted through PUCARS separately, within specified time.
Yours Sincerely,
Company Secretary
SURAJ COTTON MILLS LIMITED
SURAJ COTTON MILLS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE PERIOD ENDED 31 MARCH 2023
PERIOD ENDED
QUARTER ENDED
March 31 - 2023
March 31 - 2022
March 31 - 2023 March 31 - 2022
---------------------------------(Rupees in Thousand)---------------------------------
(Restated)
Revenue From Contracts With Customers
Cost of Sales
Gross Profit
Distribution Cost
Administrative Expenses
Other Expenses
Other Income
Profit / (loss) from Operations
Finance Cost
Profit / (loss) Before Taxation
Taxation
Profit / (loss) After Taxation
Earnings per Share - Basic and diluted (Rupees)
13,038,077
12,633,545
404,532
148,965
191,170
82,816
422,951
(18,419)
273,572
255,153
232,782
22,371
217,620
(195,249)
(4.40)
17,409,482
13,602,090
3,807,392
170,353
177,584
364,146
712,083
3,095,309
312,393
3,407,702
156,912
3,250,790
711,473
2,539,317
(Restated)
57.23
4,640,031
4,484,148
155,883
40,726
53,172
13,792
107,690
48,193
30,156
78,349
94,958
(16,609)
73,471
(90,080)
(2.03)
6,344,735
5,144,468
1,200,267
67,317
67,068
104,983
239,368
960,899
109,052
1,069,951
57,463
1,012,488
236,628
775,860
(Restated)
17.49
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
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Suraj Cotton Mills Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 04:16:07 UTC.
Suraj Cotton Mills Limited is a Pakistan-based textile company. The Company is engaged in the manufacturing, sale and trading of yarn, cloth, and processing of cloth. The Company operates through three segments: Spinning, Weaving, and Transactions. The Spinning segment is engaged in the production of different qualities of yarn using natural and artificial fibers. The Spinning segment operates three spinning units located in Nooriabad (Sindh), Shahkot (Punjab) and Raiwind (Punjab). The Weaving segment is engaged in the production of different qualities of greige fabric using yarn. The Weaving segment specializes in making woven greige fabrics, with up to 700 thread counts for sheeting, apparel, suiting, and home furnishing, with tuck-in and writing selvedge accessories. The Company produces a range of stretches, satins, stripes, twills, drills, percale, cords, ripstop, herring bone and dobby.
SURAJ COTTON MILLS LIMITED 
