AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, UDL International Limited (“UDLI”) has officially transmitted its un-audited financial statements for the period ending March 31, 2024. These statements, which include a consolidated view with its wholly-owned subsidiary UDL Financial Services Limited (“UDLFSL”), were communicated through PUCARS, ensuring transparency and compliance with the Pakistan Stock Exchange (PSX) listing requirements.
According to information available from the Pakistan Stock Exchange (PSX), this disclosure follows the merger of First UDL Modaraba with UDL International Limited, as part of ongoing financial reporting since early 2024. The financial position as of March 31, 2024, shows non-current assets maintained at Rs. 10,000, strictly attributed to the investment in UDLFSL. The company’s total assets were reported at Rs. 30,673, an increase from Rs. 29,492 in the previous year.
The financial statements also detailed a slight improvement in current assets, including cash and bank balances which grew from Rs. 19,155 to Rs. 20,160. However, the company still reports an unappropriated loss, though it decreased from Rs. 111,008 to Rs. 109,827, indicating a minor recovery in financial health.
The report will be disseminated among TRE Certificate Holders of the Exchange to ensure all stakeholders are updated on the company’s financial status as UDLI continues to navigate its post-merger operational environment.