Cnergyico PK Limited

Equities

CNERGY

PK0078401012

Oil & Gas Refining and Marketing

End-of-day quote Pakistan S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4.54 ^PKR	+3.65%		+1.57%	-7.72%

Apr. 23	Pakistan refiners warn $6 bln upgrades at risk due to fuel price deregulation plan	RE
Mar. 04	Cnergyico PK Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI

Cnergyico PK : Transmission of Quarterly Report for the Period Ended 30th September 2022

October 31, 2022 at 06:13 am EDT

INTEGRATE TO SYNERGISE

FOR SUSTAINABILITY

Cnergyico Pk Limited

First Quarter Report

30 September 2022

First Quarter Report I 30 September 2022

Cnergyico Pk Limited

CONTENT

Company Information

Directors' Report

Unconsolidated Financial Statements

Statement of Financial Position
Statement of Profit or Loss
Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements

Consolidated Financial Statements

Statement of Financial Position
Statement of Profit or Loss
Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements

First Quarter Report I 2022 1

COMPANY

INFORMATION

BOARD OF DIRECTORS

Mohammad Wasi Khan	Chairman
Amir Abbassciy	Director & Chief Executive Officer
Amir Waheed Ahmed	Independent Director
Muhammad Usama Qureshi	Independent Director
Muhammad Aliuddin Ansari	Independent Director
Uzma Abbasi	Director
	Alternate Director: Aumar Abbassciy
Syed Hasan Zaidi	Director

AUDIT COMMITTEE

Amir Waheed Ahmed	Chairman
Muhammad Usama Qureshi	Member
Uzma Abbasi	Member
	Alternate Director: Aumar Abbassciy

HUMAN RESOURCE AND

REMUNERATION COMMITTEE

Muhammad Usama Qureshi	Chairman
Muhammad Aliuddin Ansari	Member
Amir Waheed Ahmed	Member
	Alternate Director: Aumar Abbassciy

RISK MANAGEMENT COMMITTEE

Muhammad Aliuddin Ansari	Chairman
Muhammad Usama Qureshi	Member
Amir Waheed Ahmed	Member

CHIEF FINANCIAL OFFICER

Zafar Shahab

COMPANY SECRETARY

Majid Muqtadir

AUDITORS

Yousuf Adil

Chartered Accountants

2 First Quarter Report I 2022

BANKERS

Allied Bank Limited

Al Baraka Bank (Pakistan) Limited

Askari Bank Limited

Bank Alfalah Limited

Bank Islami Pakistan Limited

Faysal Bank Limited

First Women Bank Limited

Habib Bank Limited

Habib Metropolitan Bank Limited

Industrial and Commercial Bank of China Limited

JS Bank Limited

MCB Bank Limited

Meezan Bank Limited

National Bank of Pakistan

Pak Oman Investment Company Limited

Saudi Pak Industrial and Agricultural Investment Company Limited

Soneri Bank Limited

Summit Bank Limited

Silkbank Limited

The Bank of Khyber

The Bank of Punjab

United Bank Limited

SHARES REGISTRAR

FAMCO Associates (Pvt) Limited 8-F, Next to Hotel Faran Nursery Block-6, P.E.C.H.S Shahrah-e-Faisal, Karachi

Tel: (92 21) 3438 0101, 3438 0102

Fax: (92 21) 3438 0106

REGISTERED OFFICE

The Harbour Front, 9th Floor

Dolmen City, HC-3,Block-4

Marine Drive, Clifton

Karachi 75600, Pakistan

Tel: (92 21) 111 222 081

Fax: (92 21) 111 888 081

WEBSITE

www.cnergyico.com

First Quarter Report I 2022 3

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Disclaimer

Cinergyco PK Ltd. published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 10:11:03 UTC.

Latest news about Cnergyico PK Limited

Pakistan refiners warn $6 bln upgrades at risk due to fuel price deregulation plan	Apr. 23	RE
Cnergyico PK Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	Mar. 03	CI
Cnergyico PK Limited Reports Earnings Results for the First Quarter Ended September 30, 2023	23-10-29	CI
Cnergyico PK Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-12	CI
Cnergyico imports Pakistan's first private-sector Russian crude cargo	23-10-01	RE
Cnergyico Pk Limited Announces Change of Directors	23-06-01	CI
Cnergyico PK Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023	23-05-01	CI
Cnergyico PK Limited Announces the Cessation of Syed Hassan Zaidi as Director	23-04-06	CI
Cnergyico Pk Limited Announces Cessation of Amir Waheed Ahmed as Director	23-03-22	CI
Cnergyico PK Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022	23-02-28	CI
Cnergyico PK Limited Announces Directors Changes	23-02-09	CI
Cnergyico Pk Limited Announces Board Changes	23-01-23	CI
Cnergyico PK Limited acquired 91.06% stake in Coastal Refinery Limited from Bosicor Oil Pakistan Limited and Byco Terminals Pakistan Limited.	23-01-03	CI
Byco Petroleum Pakistan Limited Announces Board Changes	22-11-10	CI
Cnergyico PK Limited Reports Earnings Results for the First Quarter Ended September 30, 2022	22-10-31	CI
Byco Petroleum Pakistan Limited Announces Cessation of Muhammad Aliuddin Ansari as Director	22-10-30	CI
Cnergyico PK Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-09-28	CI
Cnergyico PK Limited Appoints Mr. Mohammad Wasi as Chief Executive Officer	22-08-04	CI
Cnergyico PK Limited Announces Board Changes	22-08-03	CI
Cnergyico PK Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022	22-04-29	CI
Cnergyico PK Limited Announces Board Changes	22-04-12	CI
Cnergyico PK Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021	22-02-24	CI
Cnergyico PK Limited agreed to acquire a 57.37% stake in Puma Energy Pakistan Ltd from Puma Energy Holdings Pte Ltd.	22-01-13	CI
Byco Petroleum Pakistan Limited Reports Earnings Results for the First Quarter Ended September 30, 2021	21-10-28	CI
Byco Petroleum Pakistan Limited Reports Earnings Results for the Full Year Ended June 30, 2021	21-09-24	CI

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Company Profile

Cinergyco PK Limited is a Pakistan-based petroleum company. The Company is engaged in the businesses of oil refining, petroleum marketing, and petroleum logistics. The Company operates through two segments: Oil Refinery Business and Petroleum Marketing Business. The Company has two refineries with an aggregate rated capacity of 156,000 barrels a day (bpd). Oil Refining Business is engaged in crude oil refining and selling of refined petroleum products to oil marketing companies. Petroleum Marketing Business is engaged in trading of petroleum products, procuring products from oil refining business as well as from other sources.

Sector

Oil & Gas Refining and Marketing

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Income Statement Evolution

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Sector Other Oil & Gas Refining and Marketing

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