SG Allied Businesses : Financial Results for the Half Year Ended 2022-12-31
February 28, 2023 at 10:05 am
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SG ALLIED BUSINESSES LIMITED
B-40, S.I.T.E., Karachi, Pakistan
Tel (021)2561190-3 Fax# (021)2563113
Email: info@sglyne.com internet: www.sglyne.com
Date: February 28, 2023
The General Manager
Pakistan Stock Exchange (Guarantee) Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Dear Sir,
Subject : Financial Results For the Period ended December 31, 2022
We have to inform you that the Board of Directors of our Company in their meeting held on February 28, 2022 at 10.30 pm. at the registered office of the Company at B-40, S.I.T.E., Karachi.
To approve the accounts for the half year ended December 31, 2022.
Further, no divident was recommended.
The financial results of the Company are as follows:
Profit and Loss Account
Half year ended
Quarter ended
Sales
December 31,
2022
8,094,473
December 31,
December 31,
2021
2022
------------ R u p e e s ------------
7,377,592
5,094,294
December 31,
2021
4,377,413
Cost of sales
Gross profit
Administrative and selling expenses
Operating loss
Other income
Financial charges
Loss before taxation
Taxation
Current
Prior year
Deferred
Loss after taxation
Other comprehensive income
Total comprehensive loss for the period
(2,905,193)
5,189,280
(50,040,672)
(44,851,392)
36,259,076
(8,592,316)
(14,602)
(8,606,919)
(467,315)
1,117,681
650,366
(7,956,553)
-
(7,956,553)
(4,814,390)
2,563,202
(40,111,858)
(37,548,656)
29,531,064
(8,017,593)
(112,418)
(8,130,010)
(399,347)
253,735
-
(145,612)
(8,275,623)
-
(8,275,623)
(1,842,883)
3,251,411
(34,818,127)
(31,566,716)
30,820,215
(746,501)
20,081
(726,421)
(467,315)
-
1,117,681
650,366
(76,055)
-
(76,055)
(3,752,080)
625,333
(24,889,313)
(24,263,980)
16,180,861
(8,083,120)
(77,735)
(8,160,854)
(399,347)
253,735
-
(145,612)
(8,306,467)
-
(8,306,467)
Loss per share - basic and diluted
(0.53)
(0.55)
(0.01)
(0.55)
For SG Allied Businesses Limited
Company Secretary
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SG Allied Businesses Ltd. published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 10:04:01 UTC.
SG Allied Businesses Limited is a Pakistan-based company. The Company's principal activities include warehousing, cold storage and vertical farming. The Companyâs services include Hi Tech Indoor Agriculture, engaged in producing leafy greens and mushrooms year-round through Controlled Environmental Agriculture (CEA); Cold Storage Facilities, offering customers the option of storing their temperature-sensitive items in the Companyâs storage facilities; Industrial Park and Warehousing Facility, offering customers the option of using the Companyâs space for their own production or warehousing requirements. The Company has two storage facilities with the combined storage capacity of approximately 480 tons.
SG ALLIED BUSINESSES LIMITED 
