Sally Textile Mills : Transmission of Quarterly Report for the Period Ended 31-12-2022

Sally Textile Mills Limited

Interim Financial Report

Half Year ended

December 31, 2022

(Un-audited)

CONTENTS

Company Informaon	02
Directors' Review	03
Condensed Interim Statement of Financial Posion	06
Condensed Interim Statement of Profit or Loss	08
Condensed Interim Statement of Comprehensive Income	09
Condensed Interim Statement of Cash Flows	10
Condensed Interim Statement of Changes in Equity	12
Notes to the Condensed Interim Finanacial Informaon	13

Sally TexÆle Mills Limited

	Company Informaon
Board Of Directors
Mian Iqbal Salahuddin	Chief Execuve Officer
Mst. Munira Salahuddin
Mian Yousaf Salahuddin
Mian Asad Salahuddin
Mian Sohail Salahuddin
Muhammad Khalil Laf
Syed Abid Raza Zaidi
Audit Commiee
Muhammad Khalil Laf	Chairman
Mian Asad Salahuddin	Member
Mian Sohail Salahuddin	Member
Syed Abid Raza Zaidi	Secretary

Human Resources & Remuneraon Commiee

Muhammad Khalil Laf	Chairman
Mst. Munira Salahuddin	Member
Mian Sohail Salahuddin	Member

Chief Financial Officer

Mr. Hasan Shahnawaz

Company Secretary

Syed Abid Raza Zaidi

Auditors

M/s Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants

Bankers

Naonal Bank Of Pakistan

Silk Bank Limited

The Bank of Punjab

Meezan Bank Limited

Habib Bank Limited

Registered Office

2-S, Gulberg II, Lahore.

Phones : [phone]

E-mail : [e-mail]

Fax

: [phone]

Mills

Muzaffargarh Road, Jauharabad

Phones: [phone], 720546, 720311

02

Interim Financial Report

Directors' Review

The Directors of Sally TexÆle Mills Limited ("the Company") present the half year report of the Company for the period ended 31st December 2022.

Overview - Performance review

During the period under review, mill operaons had been shut down due to negave viability. As evident from our accounts, there was no business conducted.

The financial results in a summarized form are given hereunder:

	Six months ended	Six months ended
Descripon	December 31, 2022	December 31, 2021
	Rupees '000'	Rupees '000'
Turnover-net	-
-
Gross Profit / (Loss)	(16.74)	(17.35)
Loss before tax	(49.25)	(60.76)
Loss aer tax	(49.25)	(60.76)

Loss per share

Loss per share of your company for ended December 31, 2022 is Rs. (5.61) as compared to Rs. (6.92) for the comparave period ended December 31, 2021.

Acknowledgement

The company had presented its accounts for review to the auditors; however, the auditors have delayed finalizing the financials. The maer has been taken up with the concerned firm. Yours directors record with appreciaon the resolve of company's limited staff members who are connuing their efforts to manage this present predicament. Your directors also extend their appreciaon to all company's stakeholders for their cooperaon.

For and on behalf of the board

Date: February 28, 2023	MIAN IQBAL SALAHUDDIN
Lahore.	Chief Execuve Officer

03