Bilal Fibres : FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH-2024
April 30, 2024 at 01:23 am
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BILAL FIBRES
L I M I T E D
MANUFACTURERS & EXPRTERS OF YARN
ISO-9001-2008 CERTIFIED
Registeration # 9910765
EXPORT REGISTERATION NO W-077224
NTN 0658669-4
SALES TAX REGISTERATION NO
IMPORTER REGISTERATION NO W-211496
04-04-5202-011-46
Dated: 30-04-2024
REF.NO. FRM/BFL04/24
The General Manager,
Pakistan Stock Exchange (Guarantee) Ltd.
KARACHI.
Subject:- FINANCIAL RESULTS FOR THE QUARTER ENDED 31-03-2024
Dear Sir,
We have to inform you that Board of Directors in their meeting held on 30th April, 2024 at 09:00 A.M at Plaza No. 47,48-B, Gate No.1, B Block Elite Town, 29 Km Main Ferozepur Road Lahore has approved the Quarterly accounts for the period ended 31-03-2024. The financial results of the Company are as follows:-
Nine Month Period Ended
Quarter ended
Mar 31
Mar 31
Mar 31
Mar 31
2024
2023
2024
2023
----------------Rupees------------
----------------Rupees--------------
Sales - net
-
-
-
-
Cost of sales
-
-
-
-
Gross Loss
-
-
-
-
Administrative expenses
(15,582,971)
(18,541,941)
(4,573,058)
(6,239,315)
Other Income
1,500,000
4,500,000
-
1,500,000
Finance cost
(841)
(870)
-
(116)
Loss before taxation
(14,083,812)
(14,042,811)
(4,573,058)
(4,739,431)
Taxation-Current and deferred
-
-
-
-
Loss for the period
(14,083,812)
(14,042,811)
(4,573,058)
(4,739,431)
Loss per share - basic and diluted
(1.00)
(1.00)
(0.32)
(0.34)
FURTHER RESOLVED THAT "No dividend is recommended for the period ended March 31,2024 in view of accumulated losses incurred by the Company.
The corresponding figures have been reclassified / rearranged and regrouped wherever necessary for the compliance, better understanding and presentation.
Head Office: House No 136, Block Y, Street 17, DHA phase 3, Lahore Pakistan
Ph: 0300-8659501 Email: fm@bilalfibres.com
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Bilal Fibres Ltd. published this content on
30 April 2024 and is solely responsible for the information contained therein. Distributed by
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30 April 2024 05:22:10 UTC.
Bilal Fibres Limited is a Pakistan-based company that is engaged in the manufacturing and sale of yarn. The Company's product range includes NE 10/1 - 40/1 Poly/Cotton Yarn in any ratio (52:48), (65:35), (80:20), (90:10); NE 10/1 - 40/1 Poly/Viscose in any ratio (52:48), (65:35), (80:20), (90:10); NE 10/1 - 40/1 CVC Yarn in any ratio (60:40), (70:30), (80:20), (90:10); NE 100% Viscose Yarn, and NE 100% Cotton Yarn. The Company is producing yarn for local and export markets. It exports products to Europe, Far East and Middle East. All the products are for weaving or knitting. The Company's manufacturing plant is located at approximately 38 kilometers, Sheikhupura Road, Tehsil Jaranwala, District Faisalabad in Pakistan.