Page 14 - Condensed Interim Financial Statements for thesix months ended December 31, 2023

Condensed Interim Statement of Profit or Loss (Unaudited)
For the six months ended December 31, 2023

Three months ended Six months ended

Note Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
Rupees ('000)
SALES 18,862,005 15,138,761 36,895,858 32,283,480
Sales tax (1,444,326) (1,060,380) (2,739,905) (2,172,079)
Excise duty (53,712) (56,943) (109,693) (113,562)
NET SALES 18 17,363,967 14,021,438 34,046,260 29,997,839
Operating costs 19 (3,706,229) (3,083,605) (6,226,056) (5,193,090)
Royalty (1,868,848) (1,557,044) (3,902,830) (3,331,416)
Amortisation of development
and decommissioning costs 20 (47,131) (1,003,170) (221,616) (1,506,366)
(5,622,208) (5,643,819) (10,350,502) (10,030,872)

GROSS PROFIT 11,741,759 8,377,619 23,695,758 19,966,967
Exploration costs 21 (414,299) (953,510) (1,133,489) (5,479,722)
11,327,460 7,424,109 22,562,269 14,487,245
Administration expenses (76,220) (54,770) (191,426) (178,599)
Finance costs - net 22 (325,121) 486,088 (1,597,126) (2,349,330)
Other charges 23 (908,026) (661,604) (1,816,484) (1,154,102)
(1,309,367) (230,286) (3,605,036) (3,682,031)
10,018,093 7,193,823 18,957,233 10,805,214
Other income - net 24 2,881,228 2,103,560 7,772,976 8,738,599
PROFIT BEFORE TAXATION 12,899,321 9,297,383 26,730,209 19,543,813
Provision for taxation 25 (5,028,782) (3,343,757) (9,151,265) (5,190,679)
PROFIT FOR THE PERIOD 7,870,539 5,953,626 17,578,944 14,353,134
Earnings per share
- Basic and diluted (Rs) 27.73 20.98 61.93 50.57

The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.

Khalid Nafees Shuaib A. Malik Abdus Sattar
Chief Financial Officer Chief Executive Director

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