DIRECTOR'S REPORT

The Board of Directors of SG Allied Businesses Limited is pleased to present the Third Quarterly Financial Statements of the Company for the period ended September 30, 2022.

FUTURE OUTLOOK

Alhamdo Lilllah, the performance of the company during the first quarter under review has been on track of growth. The Company has reported the profit in current period September 30, 2022 as business activities of SG Allied Businesses Limited is growing, management is hopeful of increased sale of the company in future.

During the period, under review, the Company has suffered a loss of Rs. 824,681 whereas, for the corresponding period the gain was Rs. 30,844. The accumulated loss as on September 30, 2022 stood at Rs. 768.418 million.

FUTURE OUTLOOK

Financial results show an increasing trend of sales from vertical farm, Mushroom Production and overall revenue. Company has launched mushroom project a successful trial was performed in the production of White Button Mushroom full production has started. Company is in the process of further expending the Mushroom farming facility in near future by adding more growing room.

ACKNOWLEDGEMENT.

The directors of your Company offer their sincere gratitude to the shareholders for their support and assistance. The directors also thank employees of the Company for their dedication and hard work and hope to get the same cooperation from them in future.

Karachi December 14, 2022

On behalf of the Board

of Directors

Sohail Ahmed

Chief Executive

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SG Allied Businesses Ltd. published this content on 14 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2022 10:35:03 UTC.