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.