A P BAWANYAIR PRODUCTS LIMITED QUARTERLY REPORT MARCH 31, 2018 (UNAUDITED)

Transcription

1 WNYIR RODUCTS LIMITED QURTERLY REORT MRCH 31, 2018 (UNUDITED)

2 WNYIR RODUCTS LIMITED CORORTE INFORMTION ORD OF DIRECTORS UDIT & HR COMMITTEE HED OF INTERNL UDIT CHIEF FINNCIL OFFICER & COMNY SECRETRY UDITORS NKERS Mr. Vali Mohammad M. Yahya Mr. M. Hanif Y. awany Mrs. Momiza Hanif awany Mr. Mikhail awany Mr. Wazir hmed Jogezai Mr. Zakaria. Ghaffar Mr. Siraj. Kadir Mr. Siraj. Kadir Mr. Vali Mohammad M. Yahya Mr. Zakaria. Ghaffar Mr. Muhammad Munir Mr. Muhammad Munir Mr. Muhammad Hashim arker Randall -.J.S. Chartered ccountants Faysal ank Limited United ank Limited MC ank Limited National ank of akistan Chairman - Non Executive Director Chief Executive Officer Executive Director Non Executive Director Non Executive Director Non Executive Director Independent Director Chairman Member Member Secretary to udit Committee SHRE REGISTRR REGISTERED OFFICE CITY OFFICE C&K Management ssociates (vt) Ltd. 404, Trade Tower, bdullah Haroon Road, Karachi Te: Khasra No. 52/53 R.C.D. Highway, Mouza athara, Tehsil Hub, Lasbella District, alochistan Tel: Fax: C, 2nd Floor, Nadir House, I.I. Chundrigar Road, Karachi Tel: Fax:

3 WNYIR RODUCTS LIMITED QURTERLY REVIEW SSLM-O-LIKUM On behalf of the oard of Directors, I am pleased to present before you the Condensed Interim Financial Statement (unaudited) for the nine months period ended March 31, 2018 During the period under review the net sales of the company is million as against sales of million for the corresponding period last year. The gross profit has also improved to million showing an improvement of million as compared to the same period of the last year. The company s loss (ES) has reduced from Rs per share to Rs.1.44 per share. The company is still passing through very rough times as the main production unit of the company still remains shut. We are making all out efforts for revival of our production. The trading of shares of the company was also suspended by the akistan Stock Exchange due to failure of the company to pay the SX dues in full including penalty amount. The company is still trying to get the trading in shares restored as it has cleared the SX nnual Listing Fees with surcharge and has requested for waiver of penalties. The Financial dvisor of the company who was working hand in hand with the management passed away of a sudden tragic death in pril, we therefore request for prayers for Mr. M. Sajid s (Core dvisors) departed soul. On behalf of the oard, I sincerely thank all our Well Wishers, Shareholders, Customers, Suppliers, Regulators and all our employees for continuing to support us during our struggle for revival. On behalf of the oard M. Hanif Y. awany Chief Executive Officer Karachi Dated: pril 25,

4 WNYIR RODUCTS LIMITED CONDENSED INTERIM STTEMENT OF FINNCIL OSITION S T MRCH 31, 2018 M. HNIF Y. WNY MOHMMD HSHIM ZKRI. GHFFR Chief Executive Officer Chief Financial Officer Director 03

5 WNYIR RODUCTS LIMITED CONDENSED INTERIM STTEMENT OF ROFIT ND LOSS (UNUDITED) FOR THE NINE MONTHS ERIOD ENDED MRCH 31, 2018 M. HNIF Y. WNY MOHMMD HSHIM ZKRI. GHFFR Chief Executive Officer Chief Financial Officer Director 04

6 WNYIR RODUCTS LIMITED CONDENSED INTERIM STTEMENT OF CSH FLOW (UNUDITED) FOR THE NINE MONTHS ERIOD ENDED MRCH 31, 2018 M. HNIF Y. WNY MOHMMD HSHIM ZKRI. GHFFR Chief Executive Officer Chief Financial Officer Director 05

7 WNYIR RODUCTS LIMITED CONDENSED INTERIM STTEMENT OF CHNGES IN EQUITY (UNUDITED) FOR THE NINE MONTHS ERIOD ENDED MRCH 31, 2018 nine March 31, 2018 March 31, 2018 M. HNIF Y. WNY MOHMMD HSHIM ZKRI. GHFFR Chief Executive Officer Chief Financial Officer Director 06

8 WNYIR RODUCTS LIMITED NOTES TO THE CONDENSED INTERIM FINNCIL INFORMTION (UN-UDITED) FOR THE NINE MONTHS ERIOD ENDED MRCH 31, THE COMNY ND ITS OERTIONS awany ir roducts Limited (the Company) is a public limited Company incorporated in akistan on ugust 16, The Company is currently listed on the akistan Stock Exchange Limited. The principal activities of the Company are production and trading of oxygen gas, dissolved acetylene and nitrogen gas. The manufacturing facilities are located at Hub Industrial Estate, Tehsil Hub in the province of alochistan. The registered office of the Company is situated at Khasra No. 52/53 R.C.D. Highway, Mouza athara, Tehsil Hub, Lasbella District, alochistan. 2 SIS OF RERTION This interim financial information has been prepared in condensed form in accordance with the requirements of International ccounting Standard (IS) 34 "Interim Financial Reporting" and is being submitted to the shareholders as required by section 245 of the Companies Ordinance, 1984 and the listing regulations of the akistan Stock Exchange. This condensed interim financial information does not include all the information required for annual financial statements and should be read in conjunction with the annual financial statements as at and for the year ended June 30, SIGNIFICNT CCOUNTING OLICIES The accounting policies, estimates, judgments and methods of computation adopted for the preparation of this condensed interim financial information are the same as those applied in the preparation of the annual financial statements of the Company for the year ended June 30,

9 WNYIR RODUCTS LIMITED 2017 M. HNIF Y. WNY MOHMMD HSHIM ZKRI. GHFFR Chief Executive Officer Chief Financial Officer Director 08

10 OOK OST RINTED MTTER If undeliverd please return to: WNYIR RODUCTS LIMITED 16-C, 2nd Floor, Nadir House, I.I. Chundrigar Road, Karachi.