Bilal Fibres : FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH-2024

BILAL FIBRES

L I M I T E D

	MANUFACTURERS & EXPRTERS OF YARN	ISO-9001-2008 CERTIFIED
			Registeration # 9910765
EXPORT REGISTERATION NO W-077224	NTN 0658669-4	SALES TAX REGISTERATION NO
IMPORTER REGISTERATION NO W-211496		04-04-5202-011-46
Dated: 30-04-2024		REF.NO. FRM/BFL04/24

The General Manager,

Pakistan Stock Exchange (Guarantee) Ltd.

KARACHI.

Subject:- FINANCIAL RESULTS FOR THE QUARTER ENDED 31-03-2024

Dear Sir,

We have to inform you that Board of Directors in their meeting held on 30th April, 2024 at 09:00 A.M at Plaza No. 47,48-B, Gate No.1, B Block Elite Town, 29 Km Main Ferozepur Road Lahore has approved the Quarterly accounts for the period ended 31-03-2024. The financial results of the Company are as follows:-

	Nine Month Period Ended	Quarter ended
	Mar 31	Mar 31	Mar 31	Mar 31
	2024	2023	2024	2023
	----------------Rupees------------	----------------Rupees--------------
Sales - net	-	-	-	-
Cost of sales	-	-	-	-
Gross Loss	-	-	-	-
Administrative expenses	(15,582,971)	(18,541,941)	(4,573,058)	(6,239,315)
Other Income	1,500,000	4,500,000	-	1,500,000
Finance cost	(841)	(870)	-	(116)
Loss before taxation	(14,083,812)	(14,042,811)	(4,573,058)	(4,739,431)
Taxation-Current and deferred	-	-	-	-
Loss for the period
(14,083,812)	(14,042,811)	(4,573,058)	(4,739,431)
Loss per share - basic and diluted
(1.00)	(1.00)	(0.32)	(0.34)

FURTHER RESOLVED THAT "No dividend is recommended for the period ended March 31,2024 in view of accumulated losses incurred by the Company.

The corresponding figures have been reclassified / rearranged and regrouped wherever necessary for the compliance, better understanding and presentation.

Thanking you,

Yours Truly,

For Bilal Fibres Ltd

Naeem Omer

(Chief Executive)

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Head Office: House No 136, Block Y, Street 17, DHA phase 3, Lahore Pakistan

Ph: 0300-8659501 Email: [e-mail]