KARAM CERAMICS LIMITED INTERIM CONDENSED FINANCIAL STATEMENT FOR THE 3RD QUARTER ENDED MARCH 31,2023
(Un-Audited)
WALL TILES - FLOOR TILES
CONTENTS
Directors' Report (English)----------------------------------------------------------------------- | 01 |
Directors' Report (Urdu)-------------------------------------------------------------------------- | 02 |
Condensed Interim Statement of Balance Sheet ------------------------------------------------------ | 01 |
Condensed Interim Statement of Profit and Loss --------------------------------------------- | 04 |
Condensed Interim Statement of Cash Flows-------------------------------------------------- | 05 - 06 |
Condensed Interim Statement of Comprehensive Income ----------------------------------- | 07 |
Condensed Interim Statement of Changes in Equity------------------------------------------ | 07 |
WALL TILES - FLOOR TILES
REPORT OF THE DIRECTORS
FOR THE QUARTER ENDED 31ST MARCH 2023
Dear Shareholders,
The Directors of your Company presents to you the financial results of your Company for the ended 31 March 2023.
The financial performance for the Quarter ended 31, March 2023 is summarized below:
Particulars | 31 Mar 2023 | 31 Mar 2022 | |
Net Sales | 620,345,643 | 694,460,459 | |
Cost of sales | (956,619,622) | (706,639,188) | |
Gross Profit / (Loss) | (336,273,979) | (12,178,729) | |
Net Profit /(Loss) after taxation | (404,902,303) | (54,540,485) |
Net sales ware reported at Rs. 620.345 million during the nine months period under review as against Rs. 694.460 million in the corresponding period of preceding year. Net sale has decreased by 74.114 million.
The main reason of decline in sale during the period is that takeover of company took place in the month Of July 2022 and down trend in the ceramics market and sharp decline in sale demand.
The gross loss for the period was Rs.(336.273) million against gross profit of Rs.(12.178) million in the Corresponding period of the preceding year.
The profit / (loss) prior and subsequent taxation during the period the period under review stood at Rs.(386.407) million
and Rs. (404.902) million as against Rs. (50.844) million and Rs.(54.844) million respectively during the corresponding period of preceding year.
FUTURE OUTLOOK
We continue to have a positive outlook on the long term growth potential of the business. The management remains fully committed towards managing these challenges.
ACKONOWLEDGEMENTS
On behalf of Directors, I would like to express gratitude to our well wisher, shareholders, customers,dealers, banks & DFI'S, suppliers of raw material and plant and machinery, friends and all employees for their corporation and contribution towards the progress of the Company.
On behalf of the Board
Mazhar Ali Nasir
Chief Executive officer
Karachi : April 27, 2023
01
KARAM CERAMICS LIMITED
WALL TILES - FLOOR TILES
REPORT OF THE DIRECTORS
FOR THE QUARTER ENDED 31ST MARCH 2023
02
KARAM CERAMICS LIMITED
WALL TILES - FLOOR TILES
CONDENSED INTERIM BALANCE SHEET
AS AT MARCH 31, 2023 (UNAUDITED)
ASSETS
Non-current assets
Property, plant and equipment
Right-of-use assets
Long term deposits
Current assets
Stores and spares
Stock in trade Trade debts
Loans and advances - considered good Advance tax
Refunds due from the Government
Deposits, prepayments and other receivables Short term investment
Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital
Unappropriated profit
Revaluation surplus on property, & equipment Remeasurement of retirement benefit obligation Interest free loan from directors
LIABILITIES
Non-current liabilities
Long term financing - secured
Post employment benefits
Deferred taxation
Current liabilities
Trade and other payables
Advance From Customers
Markup accrued on loans
Short term borrowings
Long term financing
Unclaimed Dividend
Dividend payable
Current portion of Lease liabilities
Provision for taxation
(Un-Audited)
March 31,
2023
Rupees
991,315 ,853
-
898 ,453
992 ,214 ,306
31 ,408 ,045
678,229,162
-
20 ,641,430
10 ,7 02 ,955
51 ,921 ,403
69 ,930
-
126,109 ,489
919 ,082 ,414
1,911 ,296 ,721
145,486,760
(413,542,884)
403,735,826
2,340,703
1,396,594,851
1,534,615,256
-
20,159,481
64,788,942
84,948,423
132,998,830
57,318,295
-
90,000,000
-
513,191
3,148,405
-
7,754,321
291,733,042
(Un-Audited)
June 30,
2022
Rupees
1,040,756,705
871,421
898,453
1,042,526,579
31,141,875
618,481,474
6,559,905
787,427
16,295,409
48,852,024
5,033,711
7,000,000
4,761,561
735,913,387
1,778,439,966
145,486,760
(26,426,561)
421,521,806
2,340,703
-
542,922,708
613,952,693
90,330,501
54,048,315
758,331,509
73,086,444
-
38,001,228
314,809,771
36,981,209
513,191
3,148,405
419,473
10,226,030
477,185,749
Total liabilities | 376,681,465 | |||
Contingencies and Commitments | - | |||
TOTAL EQUITY AND LIABILIITIES | 1,911,296,721 | |||
The annexed notes form an integral part of these financial statements.
1,235,517,258
-
1,778,439,966
Chief Executive | Chief Financial Officer | Director |
03
KARAM CERAMICS LIMITED
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Karam Ceramics Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 04:36:07 UTC.
