GOODLUCK INDUSTRIES LIMITED
C O N T E N T S | |
Company Information | 1 |
Director Report (English) | 2 |
Director Report (Urdu) | 3 |
Condensed Interim Statement of Financial Position | 4 |
Condensed Interim Statement of Profit or Loss | 5 |
Condensed Interim Statement of Change in Equity | 6 |
Condensed Interim Statement of Cash Flow | 7 |
Notes to the Condensed Interim Financial Statements | 8 |
GOODLUCK INDUSTRIES LIMITED
COMPANY INFORMATION
Board of Directors | |
Mr. Fahad | Chairman |
Mr. Ashfaq | Chief Executive |
Mr. Shamsul-Haq | |
Mr. Shamsul-Zuha | |
Mrs. Naveen Shams | |
Mr. Muhammad Usman | |
Mr. Muhammad Safyan Qureshi Independent | |
Mr. Faizan Ahsan | Independent |
Mr. Suhail Ahmed Panhwar | Independent |
Company Secretary | |
Mr. Nafees Shams Qureshi | |
Audit Committee | |
Mr. Faizan Ahsan | Chairman |
Mr. Shamsul-Haque | |
Mr. Muhammad Usman | |
Mr. Muhammad Safyan Qureshi | |
H. R & Remuneration Committee | |
Mr. Fahad | Chairman |
Mr. Shamsul-Zuha | |
Mr. Suhail Ahmed Panhwar |
Auditors
M/s. Muniff Ziauddin & Co
Chartered Accountants
Bankers
Habib Metropolitan Bank Limited
Bank Al Habib Limited
Bank Alfalah Limited
MCB Bank Limited
United Bank Limited
Legal Advisor
M/s. Merchant Law Associates
Share Registrar
C & K Management Associates (Pvt) Ltd 404, Trade Tower, Abdullah Haroon Road near Metropole Hotel, Karachi
Phones: 35687830, 35685939
Registered Office
S-49/A, S.I.T.E, Mauripur Road, Karachi E-mail: goodluckindltd@live.com
Web: www.goodluckind.com
Phones: 32354361-64, 32354929
Fax: 32358685
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GOODLUCK INDUSTRIES LIMITED
DIRECTORS' REPORTS
On behalf of the Board of Directors (the Board), we are pleased to present the un- audited condensed interim financial information of the Company for the period From July 01, 2022 to March 31, 2023.
General Review
The Company during the period from 1st July 2022 to 31st March 2023 the sales proceeds of wheat products of the company have increased to Rs. 1,359,539,761 as compared to Rs. 912,589,857 in corresponding period last year. Gross profit also Increased to Rs. 30,876,493 from Rs. 28,008,679. However due to increase in transportation charges, Electricity Charges and other related items the administration expenses increased by Rs. 14,229,297 during the current financial period where as it was Rs. 12,167,220 during the last corresponding period.
Operating & Financial Results for the period March 31, 2023:
These are summarized below: | (Rupees) |
Profit before taxation | 15,462,873 |
Less: Taxation | (11,916,956) |
Profit after taxation | 3,545,917 |
Earnings per share - Basic | 11.82 |
The business environment remains challenging and competitive. After accounting for the finance cost and taxation, the company has net profit Rs. 3,545,917 resulting EPS of Rs. 11.82 for the period ended March 31, 2023.
The company is exerting every effort to reduce the impacts of the competition through operational efficiencies and customers' relations management. The company will strive hard to have decent finish for the financial year 2023.
The Board of Directors has decided not to declare interim dividend for the period under review.
The Board appreciated the support and extended the gratitude to all stakeholders for their continued support and offered thanks to the management and staff for their dedication and hard work.
For and behalf of the Board
Chief Executive | Karachi Dated 18th April 2023 |
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Good Luck Industries Ltd. published this content on 26 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 04:36:05 UTC.