TPL Trakker : Financial Results for the Quarter Ended 31-12-2022
February 26, 2023 at 11:31 pm EST
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Date: February 25, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
SUBJECT: FINANCIAL RESULTS FOR THE HALF-YEAR ENDED 2022-12-31
Dear Sir,
We have to inform you that the Board of Directors of our Company in its meeting held on Saturday, February 25, 2023 at 11:00 a.m. at 20 Floor, Sky Tower-East Wing, Dolmen City, HC-3, Block 4, Abdul Sattar Edhi Avenue, Clifton, Karachi, recommended the following:
1)
Cash Dividend:
Nil
2)
Bonus Shares:
Nil
3)
Right Shares:
Nil
4)
Any Other Entitlement:
Nil
The financial results of the Company are attached.
The Half-Yearly Report of the Company for the period ended December 31, 2022 will be transmitted through PUCARS separately.
Yours truly,
Danish Qazi
Company Secretary
TPL TRAKKER LIMITED
CONSOLIDATED CONDENSED INTERIM
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2022
Six months period ended
Three months period ended
December 31,
December 31,
December 31,
December 31,
2022
2021
2022
2021
Rupees
Turnover - net
1,334,783,852
1,085,222,011
697,937,822
558,411,352
Cost of sales and services
(856,428,599)
(712,008,458)
(429,173,031)
(375,414,551)
Gross profit
478,355,253
373,213,553
268,764,791
182,996,802
Distribution expenses
(64,590,113)
(51,180,675)
(32,221,908)
(25,774,665)
Administrative expenses
(299,071,316)
(289,647,185)
(163,783,675)
(161,582,052)
Operating profit / (loss)
114,693,824
32,385,693
72,759,208
(4,359,915)
Research and development expenses
(42,117,163)
(37,747,372)
(20,345,774)
(18,602,429)
Finance costs
(249,971,703)
(147,172,671)
(136,575,237)
(81,034,202)
Other income
136,032,185
91,650,640
93,424,469
91,071,194
Profit / (loss) before taxation
(41,362,857)
(60,883,710)
9,262,666
(12,925,351)
Taxation
(15,010,688)
(70,103,599)
530,642
(55,361,813)
Profit / (loss) for the period
(56,373,545)
(130,987,309)
9,793,308
(68,287,164)
Items that are or may be reclassified subsequently to profit or loss account:
Exchange differences on translation of foreign subsidiary
(61,096,950)
37,155,766
3,251,292
59,704,096
Total comprehensive (loss) / income for the period
(117,470,495)
(93,831,543)
13,044,600
(8,583,068)
Profit / (loss) attributable to:
Owners of the Parent Company
(29,014,172)
(100,321,437)
19,071,510
(46,827,791)
Non-controlling interest
(27,359,373)
(30,665,872)
(9,278,202)
(21,459,374)
(56,373,545)
(130,987,309)
9,793,308
(68,287,165)
Total comprehensive income / (loss) attributable to:
Owners of the Parent Company
(59,562,647)
(44,587,788)
20,697,156
20,180,023
Non-controlling interest
(57,907,848)
(49,243,755)
(7,652,556)
(28,763,092)
(117,470,495)
(93,831,543)
13,044,600
(8,583,069)
Earnings / (loss) per share - basic and diluted
(0.15)
(0.54)
0.10
(0.25)
The annexed notes from 1 to 13 form an integral part of these consolidated condensed interim financial statements.
__________________________
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
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TPL Trakker Limited published this content on 27 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2023 04:30:02 UTC.
TPL Trakker Limited is an asset tracking industry, which is engaged in providing Internet of Things (IoT) solutions. Its principal activities include installation and sale of tracking devices, vehicle tracking and fleet management. Its solutions include vehicle tracking, container tracking, bike tracking, cold chain monitoring, fuel monitoring systems, genset monitoring, automated fuel management system, dispatch solutions, vehicle video surveillance, analytics, and driver behavior monitoring. Its bike tracker offers a range of features that include tracking replay, location tracking, and trip movement which have been integrated into a portal-MyTrakker and in the TPL Trakker Mobile App. Its dispatch solutions provide a vital link between dispatchers and field personnel whilst enabling its customers to enhance business efficiency and productivity. It serves industries, such as oil and gas, logistics and distribution, construction and heavy equipment and fast-moving consumer goods.