Page 12 - Condensed Interim Financial Statements - for the nine months ended March 31, 2024

Condensed Interim Statement of Profit or Loss (Unaudited)
For the nine months ended March 31, 2024

Three months ended Nine months ended

Note Mar. 31, 2024 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2023
Rupees ('000)
SALES 17,757,370 17,194,283 54,653,228 49,477,764
Sales tax (1,414,299) (1,264,479) (4,154,204) (3,436,559)
Excise duty (55,337) (56,213) (165,030) (169,775)
NET SALES 18 16,287,734 15,873,591 50,333,994 45,871,430
Operating costs 19 (2,589,897) (2,800,166) (8,815,953) (7,993,256)
Royalty (1,819,589) (1,807,103) (5,722,419) (5,138,519)
Amortisation of development
and decommissioning costs 20 (162,582) (782,959) (384,198) (2,289,325)
(4,572,068) (5,390,228) (14,922,570) (15,421,100)
GROSS PROFIT 11,715,666 10,483,363 35,411,424 30,450,330
Exploration costs 21 (312,942) (849,580) (1,446,431) (6,329,302)
11,402,724 9,633,783 33,964,993 24,121,028

Administration expenses (93,487) (80,303) (284,913) (258,902)
Finance costs - net 22 (664,552) (5,435,972) (2,261,678) (5,435,972)
Other charges 23 (921208) (502,700) (2,737,692) (1,656,802)
(1,679,247) (6,018,975) (5,284,283) (9,701,006)
9,723,477 3,614,808 28,680,710 14,420,022

Other income - net 24 3,979,587 14,330,451 11,752,563 23,069,050
PROFIT BEFORE TAXATION 13,703,064 17,945,259 40,433,273 37,489,072
Provision for taxation 25 (1,342,520) (1,710,127) (10,493,785) (6,900,806)

PROFIT FOR THE PERIOD 12,360,544 16,235,132 29,939,488 30,588,266
Earnings per share
- Basic and diluted (Rs) 43.55 57.19 105.47 107.76

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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