Tariq : Financial Results for the Quarter Ended June 30,2023
July 27, 2023 at 05:28 am EDT
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Ref: TCORP/FRs-Q3/PSX/3
Dated: July 27, 2023
The General Manager,
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi
FINANCIAL RESULTS FOR THE NINE MONTHS ENDED JUNE 30, 2023
Dear Sir,
We have to inform you that Board of Directors of our Company in its meeting held on July 27, 2023, at 02:00 P.M., at the Registered Office of the Company at 28-C, Block E-1,Gulberg-III, Lahore has recommended the following:
Cash Dividend
Nil
Bonus Issue
Nil
Right Issue
Nil
The financial results of the company for the nine months period ended June 30, 2023 are annexed herewith.
The Quarterly Report of the Company for the period ended June 30, 2023 will be transmitted through PUCARS separately, within the specified time.
Thanking you,
Sincerely yours,
For TARIQ CORPORATION LIMITED
KHALID MAHMOOD
COMPANY SECRETARY
Tariq Corporation Limited
28-C, Block E-1,Gulberg-III,
UAN: 0092 42 111 111 476
Lahore - Pakistan
www.tariqcorp.com
TARIQ CORPORATION LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS ACCOUNT (UN-AUDITED)
FOR THE NINE MONTHS AND QUARTER ENDED JUNE 30, 2023
REVENUE FROM CONTRACT
Nine Month Ended June 30
Quarter Ended June 30
2023
2022
2023
2022
.......
(Rupees)
....... (Rupees)
.......
WITH CUSTOMERS - GROSS
Sales Tax And Other Government Levies
REVENUE FROM CONTRACT WITH CUSTOMERS - NET
COSTOFREVENUE
GROSS PROFIT
OTHER OPERATING EXPENSES
Administrative and general expenses Selling and distribution expense Other operating expenses
PROFIT FROM OPERATIONS
OTHER INCOME
FINANCE COST
PROFIT / (LOSS) BEFORE TAXATION
TAXATION
PROFIT / (LOSS) AFTER TAXATION
EARNINGS / (LOSS) PER SHARE
BASIC
DILUTED
5,963,470,697
(745,476,481)
5,217,994,216
(4,678,408,310)
539,585,906
(172,151,016)
(16,499,948)
(25,755,900)
(214,406,864)
325,179,042
429,585,617
(418,000,554)
336,764,105
(86,019,240)
250,744,865
4.73
4.29
6,177,243,633
(794,830,192)
5,382,413,441
(4,723,892,326)
658,521,115
(179,162,248)
(23,921,422)
(36,267,040)
(239,350,710)
419,170,405
15,330,663
(301,396,143)
133,104,925
(89,635,323)
43,469,602
0.81
0.79
1,318,966,341
(202,985,279)
1,115,981,062
(675,870,347)
440,110,715
(37,788,072)
(4,003,020)
(18,053,512)
(59,844,604)
380,266,111
21,914,208
(155,379,314)
246,801,005
(4,373,402)
242,427,603
4.58
4.07
1,175,436,588
(149,029,066)
1,026,407,522
(891,788,488)
134,619,034
(37,484,236)
(4,612,887)
(8,830,867)
(50,927,990)
83,691,044
115,560
(140,720,320)
(56,913,716)
(19,957,070)
(76,870,786)
(1.45)
(1.20)
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Disclaimer
Husein Sugar Mills Ltd. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 09:27:09 UTC.
Tariq Corporation Limited is a Pakistan-based company. The Company is principally engaged in the business of production and sale of sugar and its by-products. The Company operates in a single operating segment, being sugar segment. Its products include Refined Sugar, Molasses, Bio Fertilizer and Bagasse. Refined sugar is of two types: Ultra Refined Sugar and Refined Sugar (Bold Grade). Its flagship retail brand is Krystal. Krystal Sugar is available in stores across Lahore and Faisalabad. Molasses is a by-product of sugar, which is sold to distilleries that manufacture ethanol or is exported to buyers internationally. Bio-fertilizer is made from another by-product of sugar, namely, press mud or filter cake. Bagasse, which is the fiber residue of sugarcane post the extraction of sucrose juice in the milling stage, is an product that can serve as a clean fuel to produce energy or as raw material in the Paper Manufacturing. The Companyâs subsidiary is Tariq Capital (Pvt.) Limited.