Page 12 - Condensed Interim Financial Statements For the nine months ended March 31, 2023

Condensed Interim Statement of Profit or Loss (Unaudited)
For the nine months ended March 31, 2023

Three months ended Nine months ended

Note Mar. 31, 2023 Mar. 31, 2022 Mar. 31, 2023 Mar. 31, 2022
Rupees ('000)
SALES 17,194,283 14,532,316 49,477,764 42,393,045
Sales tax (1,264,479) (1,157,712) (3,436,559) (5,205,144)
Excise duty (56,213) (59,459) (169,775) (185,518)
NET SALES 17 15,873,591 13,315,145 45,871,430 37,002,383
Operating costs 18 (2,800,166) (2,402,622) (7,993,256) (6,594,893)
Royalty (1,807,103) (1,424,634) (5,138,519) (3,913,012)
Amortisation of development
and decommissioning costs 19 (782,959) (589,136) (2,289,325) (1,990,231)
(5,390,228) (4,416,392) (15,421,100) (12,498,136)

GROSS PROFIT 10,483,363 8,898,753 30,450,330 24,504,247
Exploration costs 20 (849,580) (127,386) (6,329,302) (685,904)
9,633,783 8,771,367 24,121,028 23,818,343
Administration expenses (80,303) (53,098) (258,902) (174,595)
Finance costs - net 21 (5,435,972) (788,045) (7,785,302) (3,185,193)
Other charges 22 (502,700) (593,137) (1,656,802) (1,548,815)
(6,018,975) (1,434,280) (9,701,006) (4,908,603)
3,614,808 7,337,087 14,420,022 18,909,740
Other income - net 23 14,330,451 2,087,849 23,069,050 6,805,590

PROFIT BEFORE TAXATION 17,945,259 9,424,936 37,489,072 25,715,330
Provision for taxation 24 (1,710,127) (2,851,585) (6,900,806) (8,219,231)
PROFIT FOR THE PERIOD 16,235,132 6,573,351 30,588,266 17,496,099

Earnings per share
- Basic and diluted (Rs) 57.19 23.16 107.76 61.64

The annexed notes 1 to 28 form an integral part of these condensed interim financial statements.

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

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