Goodluck Industries : Transmission of Quarterly Report for the Period Ended 2023-03-31

GOODLUCK INDUSTRIES LIMITED

C O N T E N T S
Company Information	1
Director Report (English)	2
Director Report (Urdu)	3
Condensed Interim Statement of Financial Position	4
Condensed Interim Statement of Profit or Loss	5
Condensed Interim Statement of Change in Equity	6
Condensed Interim Statement of Cash Flow	7
Notes to the Condensed Interim Financial Statements	8

GOODLUCK INDUSTRIES LIMITED

COMPANY INFORMATION

Board of Directors
Mr. Fahad	Chairman
Mr. Ashfaq	Chief Executive
Mr. Shamsul-Haq
Mr. Shamsul-Zuha
Mrs. Naveen Shams
Mr. Muhammad Usman
Mr. Muhammad Safyan Qureshi Independent
Mr. Faizan Ahsan	Independent
Mr. Suhail Ahmed Panhwar	Independent
Company Secretary
Mr. Nafees Shams Qureshi
Audit Committee
Mr. Faizan Ahsan	Chairman
Mr. Shamsul-Haque
Mr. Muhammad Usman
Mr. Muhammad Safyan Qureshi
H. R & Remuneration Committee
Mr. Fahad	Chairman
Mr. Shamsul-Zuha
Mr. Suhail Ahmed Panhwar

Auditors

M/s. Muniff Ziauddin & Co

Chartered Accountants

Bankers

Habib Metropolitan Bank Limited

Bank Al Habib Limited

Bank Alfalah Limited

MCB Bank Limited

United Bank Limited

Legal Advisor

M/s. Merchant Law Associates

Share Registrar

C & K Management Associates (Pvt) Ltd 404, Trade Tower, Abdullah Haroon Road near Metropole Hotel, Karachi

Phones: 35687830, 35685939

Registered Office

S-49/A, S.I.T.E, Mauripur Road, Karachi E-mail: [e-mail]

Web: www.goodluckind.com

Phones: 32354361-64, 32354929

Fax: [phone]

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GOODLUCK INDUSTRIES LIMITED

DIRECTORS' REPORTS

On behalf of the Board of Directors (the Board), we are pleased to present the un- audited condensed interim financial information of the Company for the period From July 01, 2022 to March 31, 2023.

General Review

The Company during the period from 1st July 2022 to 31st March 2023 the sales proceeds of wheat products of the company have increased to Rs. 1,359,539,761 as compared to Rs. 912,589,857 in corresponding period last year. Gross profit also Increased to Rs. 30,876,493 from Rs. 28,008,679. However due to increase in transportation charges, Electricity Charges and other related items the administration expenses increased by Rs. 14,229,297 during the current financial period where as it was Rs. 12,167,220 during the last corresponding period.

Operating & Financial Results for the period March 31, 2023:

These are summarized below:	(Rupees)
Profit before taxation	15,462,873
Less: Taxation	(11,916,956)
Profit after taxation	3,545,917
Earnings per share - Basic	11.82

The business environment remains challenging and competitive. After accounting for the finance cost and taxation, the company has net profit Rs. 3,545,917 resulting EPS of Rs. 11.82 for the period ended March 31, 2023.

The company is exerting every effort to reduce the impacts of the competition through operational efficiencies and customers' relations management. The company will strive hard to have decent finish for the financial year 2023.

The Board of Directors has decided not to declare interim dividend for the period under review.

The Board appreciated the support and extended the gratitude to all stakeholders for their continued support and offered thanks to the management and staff for their dedication and hard work.

For and behalf of the Board

Chief Executive

Karachi Dated 18th April 2023

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