Page 30 - Condensed Interim Financial Statements - For Nine Months Ended March 31, 2022

Condensed Interim Consolidated Statement of Profit or Loss Account (Unaudited)
For the nine months ended March 31, 2022
Three months ended Nine months ended
Mar. 31, 2022 Mar. 31, 2021 Mar. 31, 2022 Mar. 31, 2021
Note
Rupees ('000)
SALES 14,940,648 10,567,058 43,543,604 30,416,136
Sales tax (1,217,851) (840,777) (5,374,899) (2,584,319)
Excise duty (59,459) (66,464) (185,518) (208,388)
NET SALES 18 13,663,338 9,659,817 37,983,187 27,623,429
Operating costs 19 (2,742,767) (2,637,026) (7,521,322) (7,102,172)
Royalty (1,424,634) (986,645) (3,913,012) (2,918,585)
Amortisation of development &
decommissioning costs (589,136) (577,223) (1,990,231) (1,818,463)
(4,756,537) (4,200,894) (13,424,565) (11,839,220)
GROSS PROFIT 8,906,801 5,458,923 24,558,622 15,784,209
Exploration costs 20 (127,386) (71,752) (685,904) (180,983)
8,779,415 5,387,171 23,872,718 15,603,226
Administration expenses (59,482) (55,038) (194,669) (184,598)
Finance costs - net 21 (788,052) 319,513 (3,185,210) 421,940
Other charges 22 (593,468) (420,616) (1,552,058) (1,168,195)
(1,441,002) (156,141) (4,931,937) (930,853)
7,338,413 5,231,030 18,940,781 14,672,373
Other income - net 23 1,980,612 (390,000) 6,317,698 129,089
9,319,025 4,841,030 25,258,479 14,801,462
Share in profits of associated companies -
net of impairment loss 327,622 107,974 1,996,028 261,575
PROFIT BEFORE TAXATION 9,646,647 4,949,004 27,254,507 15,063,037
Provision for taxation 24 (2,881,574) (1,956,394) (8,458,459) (5,322,348)
PROFIT FOR THE PERIOD 6,765,073 2,992,610 18,796,048 9,740,689

Attributable to:
Owners of POL 6,763,467 2,998,119 18,782,605 9,743,776
Non - controlling interests 1,606 (5,509) 13,443 (3,087)
6,765,073 2,992,610 18,796,048 9,740,689
Earnings per share - Basic and
diluted (Rupees) 23.83 10.56 66.17 34.33

The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.

Khalid Nafees Shuaib A. Malik Abdus Sattar
CFO Chief Executive Director
28