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TPL Corp Limited Earnings Release 2021
72463_rns_2021-09-21_4eeeb7c0-39e1-4805-8274-c06a837fcd72.pdf
Earnings Release
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TPLCorp
Date: September 20, 2021
FORM 3
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Financial Results for the Year Ended June 30, 2021
Dear Sir,
We have to inform you that the Board of Directors of our Company in its meeting held on Monday, September 20, 2021 at 02:00 p.m. at 12th Floor, Centrepoint, Off Shaheed-e-Millat Expressway, Near KPT Interchange Flyover, Karachi, recommended the following:
1) Cash Dividend: Nil
2) Bonus Shares: Nil
3) Right Shares: Nil
4) Any Other Entitlement: Nil
The financial results of the Company are attached.
The Annual General Meeting of the Company will be held on October 22, 2021 at 12:00 noon at Karachi.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before of holding of Annual General Meeting.
Yours truly,
Danish Qazi
Company Secretary
TPL Corp Ltd.
12th Floor, Centrepoint,
Off Shaheed-e-Millat Expressway,
Adjacent KPT Interchange, Karachi-74900
+92-21-34390300
+92-21-35316032
[email protected]
www.tplcorp.com
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TPL CORP LIMITED
UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED JUNE 30, 2021
| Note | 2021 Rupees | 2020 Rupees | |
|---|---|---|---|
| Dividend income | 24 | 113,961,788 | - |
| Administrative expenses | 25 | (193,867,599) | (108,485,497) |
| Operating loss | (79,905,811) | (108,485,497) | |
| Finance costs | 26 | (206,686,938) | (325,434,131) |
| Other income | 27 | 31,971,901 | 13,627,177 |
| Loss before taxation | (254,620,848) | (420,292,451) | |
| Taxation | 28 | (17,094,268) | - |
| Loss for the year | (271,715,116) | (420,292,451) | |
| Other comprehensive income | |||
| Other comprehensive income that will not be reclassified to profit or loss in subsequent years (net of tax) | |||
| Fair value gain / (loss) on equity instruments designated at fair value through other comprehensive income (FVOCI) | 8.10 | 4,422,386,300 | (289,425,946) |
| Total comprehensive income / (loss) for the year | 4,150,671,184 | (709,718,397) | |
| Loss per share – basic and diluted | 29 | (1.02) | (1.57) |
The annexed notes from 1 to 35 form an integral part of these unconsolidated financial statements.
TPL CORP LIMITED
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED JUNE 30, 2021
| | Note | 2021
Rupees | 2020
Rupees |
| --- | --- | --- | --- |
| Turnover - net | 43 | 5,362,331,992 | 4,968,420,905 |
| Cost of sales and services | 44 | (4,270,189,082) | (3,601,079,746) |
| Gross profit | | 1,092,142,910 | 1,367,341,159 |
| Distribution expenses | 45 | (145,421,872) | (384,688,014) |
| Administrative expenses | 46 | (1,960,902,705) | (1,255,095,189) |
| Operating loss | | (1,014,181,667) | (272,442,044) |
| Other expenses | 47 | (82,830,758) | (74,326,889) |
| Finance costs | 48 | (880,132,987) | (1,262,316,471) |
| Other income | 49 | 1,813,847,321 | 742,327,304 |
| Share of loss from investment in associates - net | 12 | (9,349,375) | (25,649,189) |
| Net profit attributable to PTF | | 55,873,168 | (189,216,313) |
| Loss before taxation | | (116,774,298) | (1,081,623,602) |
| Taxation | 50 | (76,105,604) | (138,636,366) |
| Loss profit for the year | | (192,879,902) | (1,220,259,968) |
Other comprehensive income / (loss)
Other comprehensive income not to be reclassified to profit or loss in subsequent periods (net of tax):
Fair value gain on equity instruments designated at FVOCI
Deficit on revaluation of property, plant and equipment
| (60,978,859) | 32,248,993 |
|---|---|
| - | (9,538,644) |
| (60,978,859) | 22,710,349 |
Other comprehensive income to be reclassified to profit or loss in subsequent periods (net of tax):
Exchange differences on translation of foreign operations
| 12,436,352 | - |
|---|---|
| - | (2,759,130) |
| (48,542,507) | 19,951,219 |
| (241,422,409) | (1,200,308,749) |
| (0.50) | (4.57) |
Other comprehensive loss attributable to PTF
Other comprehensive (loss) / income for the year, net of tax
Total comprehensive loss for the year
Loss per share - basic and diluted
| (133,746,482) | (1,223,507,612) |
|---|---|
| (59,133,420) | 3,247,644 |
| (192,879,902) | (1,220,259,968) |
Loss for the year attributable to:
Owners of the Holding Company
Non-controlling interest
The annexed notes from 1 to 60 form an integral part of these consolidated financial statements.
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
