Macter International : Financial Results for the Quarter Ended March 31, 2023

Ref: PSX-23/05

April 18, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road,

Karachi

Subject: Financial Results for the period ended March 31, 2023

مكيلع ملاسلا

We have to inform you that the Board of Directors of our Company in their meeting held on April 18, 2023 at 11:00 am at Karachi recommended the following:

(i)	CASH DIVIDEND	:	NIL
(ii)	BONUS SHARES	:	NIL
(iii)	RIGHT SHARES	:	NIL
(iv)	ANY OTHER ENTITLEMENT/CORPORATE ACTION	:	NIL
(v)	ANY OTHER PRICE-SENSITIVE INFORMATION	:	NIL

The financial results of the Company are enclosed herewith.

The Quarterly Report of the Company for the period ended March 31, 2023 will be transmitted through PUCARS separately, within the specified time.

Yours truly,

For and on behalf of

Macter International Limited

Company Secretary

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MACTER INTERNATIONAL LIMITED

UN-CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)

FOR THE PERIOD ENDED MARCH 31, 2023

		NINE MONTHS ENDED	QUARTER ENDED
		MARCH 31,	MARCH 31,	MARCH 31,	MARCH 31,
		2023	2022	2023	2022
	NOTE	........................ (RUPEES IN '000)
Turnover		5,209,642	4,004,401	1,430,392	1,453,175
Cost of sales		(3,042,508)	(2,199,664)	(813,149)	(788,821)
Gross profit		2,167,134	1,804,737	617,243	664,354
Distribution costs		(1,407,594)	(1,096,203)	(439,799)	(376,406)
Administrative expenses		(266,847)	(199,959)	(82,120)	(67,827)
Other expenses		(40,554)	(39,293)	(8,518)	(17,201)
Other income		53,132	24,432	24,864	4,299
		(1,661,863)	(1,311,023)	(505,573)	(457,135)
Operating profit		505,271	493,714	111,670	207,219
Financial charges	12.2	(32,485)	(31,250)	(12,364)	(4,769)
Profit before taxation		472,786	462,464	99,306	202,450
Taxation	17	(153,799)	(123,951)	(29,596)	(60,160)
Net profit for the period		318,987	338,513	69,710	142,290
		……………………………... (RUPEES)………………………………
			(Re-stated)		(Re-stated)
Basic and diluted earnings per share		6.96	7.66	1.52	3.22

The annexed notes from 1 to 21 form an integral part of these unconsolidated condensed interim financial statements.

________________________	______________________	______________________
CHIEF FINANCIAL OFFICER	CHIEF EXECUTIVE	DIRECTOR

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MACTER INTERNATIONAL LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)

FOR THE PERIOD ENDED MARCH 31, 2023

		NINE MONTHS ENDED	QUARTER ENDED
		MARCH 31,	MARCH 31,	MARCH 31,	MARCH 31,
		2023	2022	2023	2022
	NOTE	........................	(RUPEES IN '000)
Turnover		5,413,309	4,218,075	1,502,642	1,528,243
Cost of sales		(3,141,415)	(2,296,573)	(848,901)	(823,897)
Gross profit		2,271,894	1,921,502	653,741	704,346
Distribution costs		(1,529,780)	(1,227,825)	(483,778)	(423,960)
Administrative expenses		(269,796)	(203,332)	(83,045)	(69,130)
Other expenses		(40,554)	(39,293)	(8,518)	(17,201)
Other income		53,144	24,432	24,864	4,299
		(1,786,986)	(1,446,018)	(550,477)	(505,992)
Operating profit		484,908	475,484	103,264	198,354
Financial charges	11.3 & 14.3	(40,348)	(36,209)	(15,491)	(6,214)
Profit before taxation		444,560	439,275	87,773	192,140
Taxation	17	(161,944)	(132,501)	(32,450)	(63,166)
Net profit for the period		282,616	306,774	55,323	128,974
		.................	(RUPEES)
			(Re-stated)		(Re-stated)
Basic and diluted earnings per share		6.17	6.94	1.21	2.92

The annexed notes from 1 to 21 form an integral part of these consolidated condensed interim financial statements.

Attributable to:
Owner of the Holding Company	289,539	312,763	57,139	130,177
Non- controlling interest	(6,923)	(5,989)	(1,816)	(1,203)
	282,616	306,774	55,323	128,974

________________________	______________________	______________________
CHIEF FINANCIAL OFFICER	CHIEF EXECUTIVE	DIRECTOR

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