Sally Textile Mills : Transmission of Quarterly Results for the Period Ended 31-03-2023

Sally Textile Mills Limited

Interim Financial Report

Nine Months ended

March 31, 2023

(Un-audited)

CONTENTS

Company Informaon	01
Directors' Review	02
Condensed Interim Statement of Financial Posion	04
Condensed Interim Statement of Profit or Loss	06
Condensed Interim Statement of Cash Flows	07
Condensed Interim Statement of Changes in Equity	09

Notes to the Condensed Interim Finanacial Informaon

10

Interim Financial Report

	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

01

Sally TexÆle Mills Limited

Directors' Review

The Directors of Sally TexÆle Mills Limited ("the Company") present the 3rd quarter report of the Company for the

period ended 31st March 2023

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:

	Nine months ended	Nine months ended
Descripon	March 31, 2023	March 31, 2022
	Rupees '000'	Rupees '000'
Turnover-net	-
-
Gross Profit/(Loss)	(25,370)	(26,463)
Loss before tax	(74,397)	(94,435)
Loss aer tax	(74,397)	(94,435)

Acknowledgement

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: April 27, 2023	MIAN IQBAL SALAHUDDIN
Lahore.	Chief Execuve Officer

02

Interim Financial Report

	Nine months ended	Nine months ended
Descripon	March 31, 2023	March 31, 2022
	Rupees '000'	Rupees '000'
Turnover-net	-
-
Gross Profit/(Loss)	(25,370)	(26,463)
Loss before tax	(74,397)	(94,435)
Loss aer tax	(74,397)	(94,435)

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03