Karachi: UDL International Limited has reported a significant loss for the quarter ending September 30, 2024, according to the recently approved unaudited financial statements released by the company. The Board of Directors, in a meeting held on October 25, 2024, in Karachi, approved the financial results, which highlighted no cash dividend, bonus issue, or right shares for the period.

The consolidated financial statements revealed that the company experienced a net loss of 1.86 million Rupees after taxation for the three-month period. The income from other sources was recorded at 19.96 million Rupees, compared to a mere 406 Rupees in the same period the previous year. The company's operating expenses for the quarter stood at 20.87 million Rupees, with financial charges amounting to 14,380 Rupees. Levies for the period were 795,547 Rupees, which contributed to the pre-taxation loss of 1.72 million Rupees.

According to information available from the Pakistan Stock Exchange (PSX), the basic loss per share for the consolidated results was 0.05 Rupees, compared to an earning per share of 0.04 Rupees during the same quarter in 2023. Additionally, the unconsolidated financial results showed a similar trend with a net loss of 2.52 million Rupees after taxation. The income from other sources, including an unrealized gain on re-measurement of investments at Fair Value through profit and loss, was recorded at 9.96 million Rupees.

Operating expenses for the unconsolidated results were noted at 11.74 million Rupees, and financial charges were 5,314 Rupees. Levies amounted to 732,387 Rupees, leading to a pre-taxation loss of 2.52 million Rupees. The basic loss per share for the unconsolidated figures was 0.07 Rupees, compared to an earning per share of 0.04 Rupees in the corresponding quarter of the previous year.

The quarterly report for UDL International Limited, detailing these financial outcomes, will be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the specified timeframe.

ZCZC

Board of Directors Meeting of Lucky Core Industries Limited in Progress

Karachi: The Board of Directors meeting of Lucky Core Industries Limited, which is being held in Karachi and via video conferencing, is currently underway. The outcomes of the meeting are slated to be announced on October 28, 2024, before the market opens. Stakeholders and TRE Certificate Holders of the Exchange have been advised of the schedule.

According to information available from the Pakistan Stock Exchange (PSX), the meeting commenced on October 25, 2024. The results of the meeting are anticipated to provide essential insights into the strategic direction and financial performance of Lucky Core Industries Limited.

The board's decisions, which will be communicated to the Stock Exchange, are expected to be pivotal for investors and market participants. The company has assured that the stakeholders will be promptly informed of the outcomes.