SG Allied Businesses : Financial Results for the Year Ended June 30, 2022.
November 15, 2022 at 04:21 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: November 14, 2022
The General Manager
Pakistan Stock Exchange (Guarantee) Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Dear Sir,
Subject : Financial Results For the year ended June 30, 2022
We have to inform you that the Board of Directors of our Company in their meeting held on November 14, 2022 at 10.30 am. at Company Registered Office, B-40, S.I.T.E., Karachi. To approve the accounts for the year ended June 30, 2022 and recomended the Nil.
The financial results of the Company are as follows:
2022
2021
RUPEES
RUPEES
Sales
14,247,055
16,902,796
Cost of sales
(9,854,338)
(3,407,311)
Gross profit
4,392,717
13,495,485
Administrative and selling expenses
(68,066,440)
(64,233,920)
Operating loss
(63,673,723)
(50,738,435)
Other income
53,838,429
49,794,353
(9,835,294)
(944,082)
Financial charges
(107,222)
(36,370)
Loss before taxation
(9,942,517)
(980,452)
Taxation
(851,069)
(10,941,937)
Loss after taxation
(10,793,585)
(11,922,389)
Other comprehensive income
Items that will not be subsequently reclassified in profit or loss (net of tax)
Remeasurement of staff retirement benefits-net of tax
1,386,247
15,286
Surplus on revaluation of fixed assets-net of tax
-
-
Total comprehensive loss
(9,407,339)
(11,907,103)
Loss per share - basic and diluted
(0.72)
(0.79)
The annexed notes form an integral part of these financial statements.
Yours sincerely,
For SG Allied Businesses Limited
Company Secretary
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SG Allied Businesses Ltd. published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 04:20:06 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 
