Page 14 - Condensed Interim Financial Statements - September 2023

Condensed Interim Statement of Profit or Loss (Unaudited)
For the three months ended September 30, 2023

Three months ended
Note Sep 30, 2023 Sep 30, 2022
Rupees (’000)
SALES 18,033,853 17,144,720
Sales tax (1,295,579) (1,111,700)
Excise duty (55,981) (56,619)

NET SALES 15 16,682,293 15,976,401

Operating costs 16 (2,519,827) (2,109,485)
Royalty (2,033,982) (1,774,372)
Amortisation of development and
decommissioning costs 17 (174,485) (503,196)
(4,728,294) (4,387,053)
GROSS PROFIT 11,953,999 11,589,348
Exploration costs 18 (719,190) (4,526,212)
11,234,809 7,063,136

Administration expenses (115,206) (123,829)
Finance costs - net 19 (1,272,005) (2,835,418)
Other charges 20 (908,458) (492,498)
(2,295,669) (3,451,745)
8,939,140 3,611,391

Other income - net 21 4,891,748 6,635,039
PROFIT BEFORE TAXATION 13,830,888 10,246,430
Provision for taxation 22 (4,122,483) (1,846,922)
PROFIT FOR THE PERIOD 9,708,405 8,399,508
Earnings per share - Basic and diluted (Rs) 34.20 29.59

The annexed notes 1 to 25 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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