Data Agro Limite : Data Agro Limited

The un-audited interim condensed financial statement of your					2022	31
Company with auditors review report thereon for the half year ended
December 31, 2022 is presented along with an update on the
Company's affairs and performance.
The results for the last six months show a net loss of Rs. 7.862 million	0.0331	:2021	7.862
(Dec. 2021: loss Rs.0.0331 million). Sales for the period were Rs.		87.597:2021	68.484
68.484 million (Dec. 2021: Rs. 87.597 million) and loss per share Rs.
1.97 (Dec 2021: Rs. 0.08). The reasons for this loss are the			0.08	:2021	1.97

unprecedented increase in raw material prices and the overall negative economic conditions of the country. However, sale prices have not matched inflation and not increased proportionately.

Due to the seasonal nature of our business, we spend on production for the first six months of the economic year and the output/sales results come in the remaining period. Our major crop is Corn and we have started contract growing along with self production. This year we have worked diligently to have better production of quality seed. We hope results of this will be evident in the coming months at time of sale. The results of our new hybrids, D-3366, 37T55 and D2020 are very promising and will compete with any hybrids in the market. Presently we have kept our margins low to introduce our self in paddy, wheat and cotton market. However, we plan to not only do larger quantities but also increase the profit margin.

Our policy of delinting & processing of seeds for third parties continues. We have established ourselves in this field and we do more third party delinting of seeds than any other company.

The management and sponsors are fully behind the project and assure the shareholders of all our efforts to make this venture a success.

Faaiz Rahim Khan	Tariq Mahmood Hassan Butt
(Chief Executive)	Director

February 27, 2023

February 27, 2023

Introduction

We have reviewed the accompanying condensed interim statement of financial position of DATA AGRO LIMITED ("the Company") as at December 31, 2022, and the related condensed interim statement of profit or loss, condensed interim statement of comprehensive income, condensed interim statement of cash flow and condensed interim statement of changes in equity together with the notes forming part thereof (here-in-after referred to as the "condensed interim financial information"), for the half year then ended. Management is responsible for the preparation and presentation of this condensed interim financial information in accordance with approved accounting standards as applicable in Pakistan for interim financial reporting. Our responsibility is to express a conclusion on this condensed interim financial information based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity." A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim financial information as at and for the six months period ended December 31, 2022 is not prepared, in all material respects, in accordance with approved accounting standards as applicable in Pakistan for interim financial reporting. The figures for the quarters ended December 31, 2022 and December 31, 2021 in the condensed interim statement of profit or loss and condensed interim statement of comprehensive income have not been reviewed and we don't express a conclusion on them.

February 27, 2023

UDIN(RR202210048ndhz9GDmR)

Loan from director Short term financing

50,000,000 50,000,000

40,000,000			40,000,000
75,103,085			77,961,659
48,189,655			53,193,900
163,292,739		171,155,559
24,378,943	24,378,943
37,782,867	37,361,648
62,161,810			61,740,591

• 2,000,000
  45,000,000-
  27,756,994 17,470,980
  788,680 4,338,734

73,545,674 23,809,714

--

299,000,222 256,705,863

111,582,607 115,644,936

8,835,708 6,244,579

45,895,608 52,324,564

56,798,809 56,155,044

11,309,799 5,154,487

12,955,762 5,821,276

280,199 705,465

51,341,730 14,655,512

187,417,615 141,060,927

299,000,222 256,705,863

Half Yearly

Quarter ended

31-12-202231-12-202101-10-202201-10-2021 ,31-12-2022 ,31-12-2021

Half YearlyQuarter ended

31-12-2022	31-12-2021	01-10-2022	01-10-2021
					to		to
					31-12-2022	31-12-2021
(7,862,820)	(331,234)		(15,105,434)	(7,911,938)

68,484,168

62,658,056

87,597,085 12,197,728

74,571,767 22,034,965

35,869,020

37,762,682

5,826,112

10,447,141

4,519,207

14,966,348

(9,140,235)

13,140

(9,153,375)

2,146,607

13,025,319

8,175,083

3,898,693

12,073,776

951,542

32,911

918,631

179,090

(9,837,237)

4,902,264

1,910,621

6,812,885

(16,650,121)

9,532

(16,659,653)

1,737,185

(1,893,662)

3,806,697

1,815,738

5,622,435

(7,516,097)

15,806

(7,531,903)

158,000

	-	-		-	-
	-	-		-	-
Total Comprehensive income/(loss) for the period	(7,862,820)		(331,234)		(15,105,434)		(7,911,938)

The annexed notes from 1 to 3 form an integral part of these financial statements.

(7,006,768)	1,097,721		(14,922,468)	(7,373,903)
856,052		1,428,955		182,966		538,035
(7,862,820)	(331,234)		(15,105,434)	(7,911,938)
(1.97)	(0.08)		(3.78)	(1.98)

Six month ended

UN-AUDITEDUN-AUDITED

31-12-202231-12-2021

Six month ended

UN-AUDITEDUN-AUDITED

31-12-202231-12-2021

(7,006,768)

4,712,329

13,140

962,869

(1,318,430)

(2,591,129)

6,428,956

(643,765)

(6,155,312)

(7,134,486)

(10,095,736)

10,785,412

(628,754)

(13,141)

(541,650)

(499,399)

-

(3,980,840)

(5,035,030)

• (5,663,784)

1,097,721

3,727,336

32,911

1,414,664

Short term financing

6,272,632

Loan from director

3,179,589

9,288,769

4,671,339

(3,585,313)

1,141,843

14,696,227

1,896,034

22,864,893

(32,911)

(822,917)

(666,302)

-

(4,662,457)

(6,184,587)

16,680,306

(650,000)

(650,000)

45,000,000

(2,000,000)

43,000,000

-

36,686,218

14,655,512

51,341,730

3,114,842

48,226,888

51,341,730

(2,556,500)

(2,556,500)

-

(11,000,000)

(11,000,000)

-

3,123,806

5,530,531

8,654,337

1,187,299

7,467,038

8,654,337