Pak Datacom : Transmission of Quarterly Financials for the period ended March 31, 2023

Condensed Interim Financial Statements

For the nine months ended March 31, 2023

PAK DATACOM LIMITED

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COMPANY INFORMATION

BOARD OF DIRECTORS
1.	Syed Zomma Mohiuddin	Chairman / Non-Executive Director
2.	Brig Syed Zulfiqar Ali (R)	Chief Executive
3.	Ms. Rubina Safir	Independent Director / Female Director
4.	Mr. Shamim Ahmed Sherazi	Independent Director
5.	Engr. Perwaiz Khan	Non-Executive Director
6.	Syed Junaid Imam	Non-Executive Director
7.	Mr. Muhammad Izqar Khan	Non-Executive Director
8.	Mr. Muhammad Waheed	Non-Executive Director
AUDIT COMMITTEE
1.	Ms. Rubina Safir	Chairperson
2.	Mr. Shamim Ahmed Sherazi	Member
3.	Mr. Muhammad Waheed	Member
HUMAN RESOURCE & REMUNERATION COMMITTEE
1.	Mr. Shamim Ahmed Sherazi	Chairman
2.	Mr. Muhammad Izqar Khan	Member
3.	Ms. Rubina Safir	Member
4.	Syed Junaid Imam	Member
PROCUREMENT COMMITTEE
1.	Syed Zomma Mohiuddin	Chairman
2.	Mr. Muhammad Izqar Khan	Member
3.	Engr. Perwaiz Khan	Member
4.	Mr. Muhammad Waheed	Member
NOMINATION COMMITTEE
1.	Syed Zomma Mohiuddin	Chairman
2.	Syed Junaid Imam	Member
3.	Engr. Perwaiz Khan	Member
STRATEGY & PROJECT APPRAISAL COMMITTEE
1.	Syed Zomma Mohiuddin	Chairman
2.	Syed Junaid Imam	Member
3.	Engr. Perwaiz Khan	Member

CHIEF FINANCIAL OFFICER

Mr. Ahmed Rafiq (A)

COMPANY SECRETARY

Mr. Ali Saleem Rana

REGISTERED OFFICE

1st Floor, Telecom Foundation, TF Complex, TF Headquarters, 7-Mauve Area, G-9/4, Islamabad.

HEAD OFFICE

3rd Floor, Umar Plaza, Blue Area, Islamabad. Tel: [phone],

Fax: [phone].

SHARES DEPARTMENT

CDC Shares Registrar Services Limited (CDCSRSL), CDC House, 99-B, Block B, S.M.C.H.S., Main Shahra-e-Faisal, Karachi - 74400. Tel: [phone].

AUDITORS

BDO Ebrahim & Co. Chartered Accountants, 3rd Floor, Saeed Plaza, 22-East Blue Area, Jinnah Avenue, Islamabad. Tel: [phone].

LEGAL ADVISOR

Ahmed Bashir & Associates, Advocates and Solicitors, 210-A, Sughra Tower, Street # 73, Sector F11/1, Islamabad.

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PAK DATACOM LIMITED

DIRECTORS' REPORT

The Directors of Pak Datacom Limited (PDL) are pleased in presenting to the shareholders their report along with un-audited financial statements of the Company for the nine month's period from July 01, 2022 to March 31, 2023.

Despite Pakistan's economy being under extreme stress as a result of its foreign debt, depreciation of the Pakistani Rupee against the US dollar, increase in Policy Rate by the State Bank of Pakistan to curb surging inflation, and the imposition and increase in taxes, that have all contributed to exponentially increasing costs of business in terms of their operations, your Company has fared well in these challenging conditions and produced sound financial results through aggressively increasing its existing business, prudent financial management, and the adoption of diversification in its business operations, such as dedicated internet services, managed services, and IT related trainings.

Revenue of the Company as on March 31, 2023 was recorded at Rs. 1,096.683 million, compared to Rs. 665.466 million on March 31, 2022 which is an increase of 65 percent to its revenue in comparison with the same period last year. Gross profit of the Company is Rs. 281.934 million as compared to Rs. 125.330 million for the corresponding period of last year i.e. an increase of 125 percent. Net profit of the Company for the nine month's period ended March 31, 2023, was Rs. 205.977 million, resulting in earnings per share ('EPS') of Rs. 17.37, as compared to a net profit of Rs. 79.183 million and EPS of Rs. 6.68 for the same period last year.

Going forward, the Company's performance, its position in the ICT sector, and any future developments will all be dependent in the short and medium term on the economic situation prevalent in the Country. The lack of foreign exchange leading to imports stoppage, fears of stag inflation, and depreciation of the Pakistani Rupee against the US dollar are all challenges and obstacles to growth and business development. Nevertheless, with that said, your Company is ready to take these challenges head on and pave its way forward through diversification in businesses, like digital and managed services, efficient utilization of its available skilled human resources, renewable energy solutions and IT related trainings, in order to stay afloat in the rigid times ahead.

The Board takes this opportunity to thank the Company's shareholders, valued customers, government agencies, financial institutions, employees and all other stakeholders of the Company for their continued cooperation and support without which it would have not been possible to achieve such outstanding results.

For and on behalf of the Board

Islamabad	Brig Syed Zulfiqar Ali (R)	Rubina Safir
April 18, 2023	Chief Executive	Director

PAK DATACOM LIMITED

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