Tariq : Financial Results for the Year Ended September 30,2023
December 28, 2023 at 03:03 am
Share
Ref: TCORP/FR-Annual/PSX/1
Dated: December 28, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Karachi
FINANCIAL RESULTS FOR THE YEAR ENDED SEPTEMBER 30, 2023
Dear Sir,
We have to inform you that Board of Directors of our Company in their meeting held on December 28, 2023, at 10:00 A.M., at its registered office, 28-C, Block E-1, Gulberg - III, Lahore, approved the audited financial statements for the year ended September 30,2023 and recommended the following:
DIVIDEND TO ORDINARY SHAREHOLDERS:
NIL
DIVIDEND TOPREFERENCE SHAREHOLDERS:
The Board of Directors has recommended a cumulative preferential cash dividend on Preference Shares at
10% per annum i.e. Rupee 1 per Preference Share to the Preference Shareholders of the Company for the years ended 30 September 2022 and 2023.
BOOK CLOSURE DATES:
FOR PREFERENCE SHAREHOLDERS:
The Share Transfer Books of the Company will remain closed from 16 January 2024 to 23 January 2024 (both days inclusive) to determine the names of members for determining the entitlement of shareholders for cash dividend (subject to approval in the general meeting). Transfers received in order at the office of the company's Share Registrar CDC Share Registrar Services Limited by the close of business on 15 January 2024, will be treated in time for determination of entitlement of the members.
Tariq Corporation Limited
28-C, Block E-1,Gulberg-III,
UAN: 0092 42 111 111 476
Lahore - Pakistan
www.tariqcorp.com
FOR ORDINARY SHAREHOLDERS:
The Share Transfer Books of the Company will remain closed from 16 January 2024 to 23 January 2024 (both days inclusive) to determine the names of members entitled to attend the Annual General Meeting. Transfers received in order at the office of the company's Share Registrar CDC Share Registrar Services Limited by the close of business on 15 January 2024, will be treated in time to attend and vote at the meeting.
The Annual General Meeting of the Company will be held on January 23, 2024 at 11:30 a.m. at Registered Office at 28-C, Block E-1, Gulberg - III, Lahore.
Financial results of the Company for the financial year ended on September 30, 2023 are attached as
Annexure - A.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Thanking you.
Sincerely yours,
For Tariq Corporation Limited
KHALID MAHMOOD
COMPANY SECRETARY
Tariq Corporation Limited
28-C, Block E-1,Gulberg-III,
UAN: 0092 42 111 111 476
Lahore - Pakistan
www.tariqcorp.com
TARIQ CORPORATION LIMITED
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED SEPTEMBER 30, 2023
2023
Rupees
Annexure-A
2022
Rupees
REVENUE FROM CONTRACT WITH CUSTOMERS - GROSS
Sales tax and other Government levies
REVENUE FROM CONTRACT WITH CUSTOMERS - NET COST OF REVENUE
GROSS PROFIT
OPERATING EXPENSES
Administrative and general expenses
Selling and distribution cost
Other operating expenses
PROFIT FROM OPERATIONS
OTHER INCOME
FINANCE COST
PROFIT / (LOSS) BEFORE TAXATION
TAXATION
PROFIT / (LOSS) AFTER TAXATION
EARNINGS / (LOSS) PER SHARE OF RUPEES 10 EACH BASIC
DILUTIVE (2022: ANTI DILUTIVE)
9,054,421,973
(1,221,642,377)
7,832,779,596
(6,872,058,974)
960,720,622
(299,506,591)
(19,709,705)
(55,372,611)
(374,588,907)
586,131,715
488,623,886
(509,925,263)
564,830,338
(222,901,041)
341,929,296
6.46
5.85
7,236,950,512
(950,407,472)
6,286,543,040
(5,806,389,672)
480,153,368
(242,667,141)
(19,468,596)
(24,298,925)
(286,434,662)
193,718,706
129,278,205
(442,749,620)
(119,752,709)
(79,103,874)
(198,856,583)
(3.80)
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Husein Sugar Mills Ltd. published this content on 28 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2023 08:02:39 UTC.
Tariq Corporation Ltd, formerly Husein Sugar Mills Limited, is a Pakistan-based company, which is principally engaged in the business of production and sale of sugar and by products. The Companyâs mill / plant is situated at Lahore Road, Jaranwala, district Faisalabad. The Company's products include refined sugar, molasses, bio fertilizers and bagasse. Its bio-fertilizer is made from another by-product of sugar, namely, press mud or filter cake. Its flagship retail brand is Krystal. Krystal Sugar is available in stores across Lahore and Faisalabad. The Companyâs subsidiary is Tariq Capital (Pvt.) Limited.