FORM-7
Ref: PABC/FS/Q1/23
Date: 28/04/2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Subject: Financial Results for the quarter ended 31-March-2023
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held virtually on April 28, 2023 at 3:00 p.m.
(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 for quarter ended 31-March-2023 are attached as Annexure.
The condensed interim quarterly financial statements for the quarter ended 31-March-2023 shall be transmitted through PUCARS separately, within specified period.
Yours sincerely,
For Pakistan Aluminium Beverage Cans Limited
_________________
Sohail Akhtar Gogal
(Company Secretary)
-
Executive Director / HOD
Off site-II Department, Supervision Division Securities and Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue, Blue Area, Islamabad
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Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad
Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele +92 041-8731
FINANCIAL RESULTS
The financial results for the quarter ended March 31, 2023 are as follows:
Three months ended | ||||
March 31, | March 31, | |||
2023 | 2022 | |||
(Rupees) | ||||
Sales | 5,179,837,533 | 2,623,814,910 | ||
Cost of sales | (3,134,176,923) | (1,759,670,379) | ||
Gross profit | 2,045,660,610 | 864,144,531 | ||
Administrative expenses | (131,475,998) | (72,203,983) | ||
Selling and distribution expenses | (100,461,897) | (65,402,123) | ||
Other operating incomes | 14,747,636 | 42,800,596 | ||
Other operating expenses | (269,840,245) | (46,567,084) | ||
Finance costs | (157,222,466) | (95,503,230) | ||
Profit before taxation | 1,401,407,640 | 627,268,707 | ||
Taxation | (58,755,164) | (16,666,326) | ||
Profit for the period | ||||
1,342,652,476 | 610,602,381 | |||
Earnings per share - basic and diluted (Rupees) | 3.72 | 1.69 | ||
_________________
Sohail Akhtar Gogal
(Company Secretary)
-------------------------------------------------------------------------------------------------------------------------------
Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad
Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele +92 041-8731
DISCLOSURE FORM
IN TERMS OF SECTION 96 & 131 OF THE SECURITIES ACT, 2015
Name of the Company | Pakistan Aluminium Beverages Cans Limited |
Date of report (Date of earliest event reported if | 28-04-2023 |
applicable) | |
Address | PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad, |
Pakistan | |
Contact Information | Company Secretary |
29 & 30, M-3 Industrial City, Main Boulevard | |
Sahianwalla, Faisalabad |
Disclosure of inside information by Listed Company in terms of Section 96 & 131 of the Securities Act, 2015.
The Board of Directors of Pakistan Aluminium Beverages Cans Limited in their meeting held virtually on April 28, 2023 at 03:00 pm (PST) 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 UNDER:
The profit & loss account (un-audited) for the quarter ended March 31, 2023 of the company is attached as Annexure.
Signatures
In case of the company, pursuant to the requirements of the Section 96 & 131 of the Securities Act, 2015 the company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.
_________________
Sohail Akhtar Gogal
(Company Secretary)
-------------------------------------------------------------------------------------------------------------------------------
Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad
Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele +92 041-8731
ANNEXURE
PAKISTAN ALUMINIUM BEVERAGES CANS LIMITED
STATEMENT OF PROFIT OR LOSS
FOR THE QUARTER ENDED MARCH 31, 2023
Three months ended | ||
March 31, | March 31, | |
2023 | 2022 | |
(Rupees) | ||
Sales | 5,179,837,533 | 2,623,814,910 |
Cost of sales | (3,134,176,923) | (1,759,670,379) |
Gross profit | 2,045,660,610 | 864,144,531 |
Administrative expenses | (131,475,998) | (72,203,983) |
Selling and distribution expenses | (100,461,897) | (65,402,123) |
Other operating incomes | 14,747,636 | 42,800,596 |
Other operating expenses | (269,840,245) | (46,567,084) |
Finance costs | (157,222,466) | (95,503,230) |
Profit before taxation | 1,401,407,640 | 627,268,707 |
Taxation | (58,755,164) | (16,666,326) |
Profit for the period | 1,342,652,476 | 610,602,381 |
Earnings per share - basic and diluted (Rupees) | 3.72 | 1.69 |
_________________
Sohail Akhtar Gogal
(Company Secretary)
-------------------------------------------------------------------------------------------------------------------------------
Registered Address: PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad
Main Office: P-29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad Tele +92 041-8731
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Pakistan Aluminium Beverage Cans 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 11:20:09 UTC.