Habib Rice Products : Transmission of Quarterly Report For the Period Ended - 30 September 2022

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RP

Habib Rice Products Ltd.

1st Quarter

Unaudited Accounts September 30, 2022

Contents

	Page No
Company Information		3
Directors' Report		4
Condensed Interim Statement of Financial Position (Un-audited)		5
Condensed Interim Statement of Profit or Loss (Un-audited)		6
Condensed Interim Statement of Other Comprehensive Income (Un-audited)	7
Condensed Interim Statement of Changes in Equity (Un-audited)		8
Condensed Interim Statement of Cash Flows (Un-audited)		9
Condensed Notes to the Interim Financial Statements (Un-audited)	10-19

COMPANY INFORMATION

BOARD OF DIRECTORS

Executive Directors

Mr. Owais G. Habib	Managing Director
Mr. Tufail Y. Habib

Non Executive Directors

Mr. Gaffar A. Habib	Chairman
Dr. Howard J. Synenberg	Independent Director
Ms. Fatemah G. Habib
Dr. Salma Habib
Mr. Daniyal Ghani	Independent Director
Mr. Asad R. Premjee	Independent Director

BOARD OF AUDIT COMMITTEE

Mr. Gaffar A. Habib

Ms. Fatemah G. Habib

Dr. Salma Habib

Mr. Daniyal Ghani

BOARD OF HR AND REMUNERATION COMMITTEE

Mr. Tufail Y. Habib

Ms. Fatemah G. Habib

Dr. Salma Habib

Mr. Daniyal Ghani

CHIEF EXECUTIVE OFFICER

Mr. Owais G. Habib

CHIEF FINANCIAL OFFICER

Mr. Jamshed Ali Khan

COMPANY SECRETARY

Mr. Ali Asghar Rajani

AUDITORS

Grant Thornton Anjum Rahman

Chartered Accountants

SHARE REGISTRAR

M/s. THK Associates (Pvt.) Limited

Plot No. 32-C, Jami Commercial Street-2, D.H.A.,

Phase-VII,Karachi-75500, Pakistan.

UAN: [phone]-322 Fax: [phone]

REGISTERED OFFICE	ADMINISTRATIVE OFFICES & FACTORY
2nd Floor, UBL Building	Ahmad Habib Boulevard,
I. I. Chundrigar Road,	Hub - 90250
Karachi - 74000, Pakistan.	Pakistan.
Telephone	: [phone]	Telephone : [phone]
Fax	: [phone]	Fax	: [phone]

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DIRECTORS' REPORT

1ST QUARTER ENDED SEPTEMBER 30, 2022 (UNAUDITED)

Dear Shareholders,

We bow our heads in gratitude to Allah the Beneficent, the Merciful, the Provider, for the Blessing He continues to bestow on us which are partly reflected in the Company's performance for the Quarter ended September 30, 2022.

Review:- The rupee devaluation has helped reduce the Imports of Sorbitol, and what did arrive came in at a cost that we can compete with. Thus at the moment, we only have domestic producers to compete against. The resulting higher prices obtained and an improved energy supply in September helped an improved bottom line.

In closing:- Please join me in my prayers to Allah the Beneficent, the Merciful, the Provider, to continue to Bless our operations with Bounties as Befits His Glory, Aameen.

On behalf of the Board,

OWAIS G. HABIB	GAFFAR A. HABIB
Chief Executive Officer	Chairman
Karachi: October 28, 2022

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