Artistic Denim Mills : Financial Results for the Nine Months Period ended March 31, 2022

ADM *,}J I;] IS",? T,IIJ Xl..IyIL L:", HI.?

ARTIST|C DENIM MTLLS Tel [phone] Fax : [phone] Web:www.admdenim.com

April27,2022

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi.

RE: FINANCIAL RESULTS FOR THB NINE MONTHS PERIOD ENDED

MARCH 31,2022

Dear Sir,

We have to inform you that the Board of Directors of Artistic Denim Mills^Limited in their meeting held on April27,2022 at 3:00 p.m. at Registered Office, Plot No. 5 - 9,23 - 26, Sector 16, Korangi Industrial Area, Karachi, has made the following recommendations

I !

CASH DIVIDEND: NiI.

FINANCIAL RESULTS: The financial results of the Company are enclosed as Annexure'A'.

• . BONUS SHARES: Nil

• . RIGHT SHARES: NiI

• . All-Y OTHER ENTITLEMENT: Nil

.

ANY OTHER PRICE SENSITIVE INFORMATION: NiI

The Nine Months Report of the Company for the nine months period ended March 3l,2022will be transmitted through PUCARS separately, within specified time.

Thanking you,

Mills Limited

MU

FAISAL AHMED

Chief Executive

ADM ARrsrc DEN,M Mrrls LrD.

ANNEXURE . A

ARTISTIC DENIM MILLS LIMITED

GONDENSED TNTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 3'.1,2022

Nine-Months Ended Quarter Ended March 31, March 31, March 31 , March 31, 2022 2021 2022 2021

Rs. in '000---------

Turnover - net Cost of sales

GROSS PROFIT

11,864,195 (10,877,6711

6,767,052 (5,908,210)

4,004,614 2,317,249 (3,673,724) (2,124,214)

986,524

858,842

330,890

193,035

Distribution costs Administrative expenses Other operating expenses Other income

OPERATING PROFIT

Finance costs

PROFIT BEFORE TAXATION

Taxation

NET PROFIT FOR THE PERIOD

t-lzs?,esil [-(

I (rgr,s+s)ll (11e,ee6) ll (51,s30) ll

|

1

8, Jse) I f-(85J63i1 f-(63 s?e)

I

(sr,s+o) ll zgg,oso | |

(1s1,201) ll az,gas ll

(201,355)

(370,621)

785,169 (306,750) 4?5,419

(121,1811

488,221 (159,188)

329,033 (76,755)

357,238 252,278

-l (3e,416)i

1tz,et+1 ll toz,sst | |

(47,516)

1,8e8 20,572 (80,525)

283,374

(127,366)

112,510 (55,342)

156,008

1 57,1 68

(40,949) (24,7e2)

1'15,059 32,376

|

|

BASIC AND DILUTED

EARNINGS PER SHARE (Rupees)

Ghief Executive

Karachi: April27,2022

4.25

3.00

1.37 0.39