Air Link Communication : Transmission of Quarterly Report for the Period Ended September 30, 2023

YOUR SMART DEVICE PARTNER

THE POWER OF

CONNCECTION

QUARTERLY REPORT AS AT SEPTEMBER 30, 2023

VISION

To be the largest and most reliable distributor, manufacturer and retailer in Pakistan

MISSION

To establish strong network in Pakistan by providing state of the art services to customers.

V A L U E S

Transparency

Diversity

Customer

Satisfaction

Passion

Quality

Integrity

COMPANY PROFILE

Board of Directors

Mr. Aslam Hayat Piracha

Chairman / Non-executive Director

Mr. Muzzaffar Hayat Piracha

Chief Executive Officer /Executive Director

Mr. Sharique Azim Siddiqui

Independent Director

Mr. Hussain Kuli Khan

Independent Director

Mr. Aqdus Faraz Tahir

Independent Director

Mrs. Rabiya Muzzaffar

Non-executive Director

Mr. Syed Nafees Haider

Executive Director

Audit Committee

Mr. Hussain Kuli Khan (Independent Director)-Chairman

Mr. Sharique Azim Siddiqui (Independent Director)-Member

Ms. Rabiya Muzzaffar (Non-executive Director) -Member

Mr. Qaiser Ali

(Head of Internal Audit)-Secretary

HR & Remuneration Committee

Mr. Sharique Azim Siddiqui (Independent Director)-Chairman

Mr. Aqdus Faraz Tahir (Independent Director)-Member

Mr. Muzzaffar Hayat Piracha

(Chief Executive Officer)-Member

Mr. Amer Latif

(Company Secretary &

Head of Legal)-Secretary

Chief Financial Officer

Mr. Nusrat Mahmood

Company Secretary

Mr. Amer Latif

Sindh Bank

Limited

Non Banking Financial Institutes

ICBC

Legal Advisor	Saudi Pak Industrial	Pak Oman Investment	OLP Financial Services
Punjab Law Associates	& Agricultural	CompanyLimited	Pakistan Limited
Investment Co. Ltd

Factory Adress

152/1 - M, Quaid-e-Azam, Industrial Estate, Kot lakh pat, Lahore

Company's Registered address (Head office)

152/1 - M, Quaid-e-Azam, Industrial Estate, Kot lakh pat, Lahore

External auditors

EY Ford Rhodes (Chartered Accountants) 96/B-1, 4th Floor, Pace tower, M.M. Alam Road, Gulberg 3, Lahore, 54000, Pakistan

Directors' Report

Dear Stake Holders,

The Directors of the Company are delighted to present the unaudited condensed interim financial statements for the first quarter ending on September 30, 2023.

In the fiscal year 2022-23, Pakistan encountered several economic challenges, including import restrictions, flooding, and disruptions caused by the Russia-Ukraine conflict. These circumstances led to a fiscal deficit, trade imbalance, and elevated inflation. High interest rates further dampened business expansion, signaling a potential long-term economic slowdown. However, Quarter 1 of FY2024 has displayed signs of progress with the relaxation of import restrictions, Air Link has proactively managed these challenges to boost its growth prospects.

The Company adeptly navigated through these challenges, achieving an impressive 106.68% increase in net revenue, amounting to PKR 14,115,310,852/- as compared to PKR 6,829,213,597/- in the same period last year and recorded consolidated revenue amounting to PKR 25,108,511,383/- as compare to PKR 9,417,411,479/- in the same comparative period last year resulting an increase of 166.62%.

The company achieved record net profits of PKR 634,830,335 in the first quarter of 2023, representing the highest quarterly profit in its history standing at 4.50% and consolidated 3.14% as compared to 3.87% and consolidated 3.24% during the comparative period last year. Earnings Per Share have risen to Rs. 1.65 and consolidated Rs. 2.06 from Rs. 0.69 and consolidated Rs. 0.79 respectively.

The Board is optimistic about the Company's future growth, underlining the positive developments experienced and their anticipation of this trend persisting. Despite the global and local economic challenges, they firmly believe that the Company will continue to thrive in the current financial year. The Company is actively engaged in initiatives to expand its market share, including strategic measures and enhanced marketing efforts, to reinforce its competitiveness.

The Board of Directors extends heartfelt appreciation to our valued shareholders, banks and financial institutions, loyal customers, and trusted suppliers for their unwavering support and collaborative efforts. We would like to offer a special commendation to our dedicated employees, who, in the face of challenging times and adverse conditions, have demonstrated unwavering commitment. We anticipate and deeply appreciate their ongoing support. It's imperative to acknowledge that the Company's growth is not attainable without the divine blessings and divine providence.

____________________________	____________________
Chief Executive Officer	Director

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ٹروپر زٹکیرئاڈ

زرڈلوہ رئیش زیزع

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لام یروبع فثکم ہدش ٹڈآ ٹغ یل کے ہام ہس لہپ لاو نوہ ریذپ ماتتخا وک 2023 ٹمتس 30 زٹکیرئاڈ کے نپمک ۔یہ ہر رک سوسحم شوخ رپ نرک شیپ ےراوشوگ

-سور روا بلایس ،ںایدنباپ یدمآرد یم نج ،اڑپ انرکانماس اکزجنلیچ یداصتقا ئکوک ناتسکاپ ،یم 23-2022 لاس لیام طارفا توہ ئھڑب روا نزاوت مدع تراجت ،ہراسخ لیام ن تلااح نا ۔یہ لماش مہرب مہرد لیاو نوہ سے ہجو ک ہعزانت نیرکوی

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تسس یداصتقا تدملا لیوط ہک ہ ہراشا اک تاب سا وج ،ایکرثاتم دیزم وک عیسوت یرابوراک ن ںوحش لیعا ۔اید منج وکرز ٹیا ،یہ ناھکد راثآ کے قرت ھتاس کے میرن یم ںویدنباپ یدمآرد ن ہیام ہس لیہپ ک 2024 لاس لیام ،مہات ۔ہ ناکما اک یور ۔ہ ایک ماظتنا گشیپ اکزجنلیچ نا یل کے ناھڑب وک تاناکما کے قرت نپا ن کنل

یم لےباقم کے نور 6,829,213,597 یم تدم سیا ک لاس ہتشذگ نوہ نرک ہلباقم اکزجنلیچ نا ن ئپمک 14,115,310,852 نور 9,417,411,479 یم تدم سیا ک لاس ہتشذگروا ایک ہفاضا اک %106.68 یم تدمآ صلاخ ک نور ۔اوہ ہفاضا اک %166.62 یم جیتن کے سج ،کڈراکیر تدمآ عومجم ک نور 25,108,511,383 یم لےباقم کے

بس اک کت با یم خ یرات ک سا وج ،ایک لصاح عفانم صلاخ ڈراکیر اک 634,830,335 یم ہیام ہس لیہپ ک 2023 ن ئپمک نارود کے تدم سا ہکبج ،ہ ہدایز %3.14 روا %4.50 یم لےباقم کے تدم سیا ک لاس لےھچپ وج ،ہ عفانم ہیام ہس ہدایز سے ۔ئگوہ نور 2.06 رک ھڑب سے نور 0.79 روا نور 1.65 رک ھڑب سے نور 0.69 تدمآ صصح ق

روا یہ ہر رک کاردا ہو اک نج ہ اترکرگاجا وک ںوتفر شیپ تبثم نا ،ہ دیما رپ یم ےراب کے قرت ک لبقتسم ک ئپمکڈروب ہک یہ نھکر یقی ہی رپ روط ہتخپ ہو ،دوجواب کے زجنلیچ یداصتقا میاقم روا ملاع ۔ہ ناکما اک نہر قاب اک ناحجر سا کے نا ناھڑب ٹیش ٹیکرام ئپا یل کے نانب طوبضم وک تیحلاص ئقباسم ئپا ئپمک ۔ک ہر ترک قرت یم لاس لیام ہدوجوم ئپمک ۔یہ لماش یششوک ک گنٹیکرام ٹہب روا تامادقا کے لیمع تمکح یم نج ،ہ لمع مرگش یم تامادقا یل کے

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ن کے نا کے زرئلاپس دامتعا لباق روا یفراص رادافو ،ںورادا تایلام روا ںوکنیب ،ںوراد ہصح ززعم ےرامہ زٹکیرئاڈ فآ ڈروب کے یہاچ انرک فیرعت صوصخ ک یمزلام مزعرپ نپا مہ ۔ہ اترک شیپ یفیرعت لید یل کے ںوششوک ہکٹشم روا نواعت ثول، ناکما اک تیامح یراج ک نا مہ ۔ہ ایک ہرہاظم اک مزع ثول ن ،دوجواب کے تلااح دعاسمان روا تاقوا گنجنلیچ ن ںوہنج ٹغب کے لضف ہیلا روا ںوتکرب ہیلا قرت ک ئپمک ہک ہ یروض انرک میلست ہی ۔یہ نرک فیرعت سے تارہگ ک سا روا یہ نھکر ۔ئکس اج ک یہن لصاح