The sales declined to Rs. 6.72 millions for the December 2019 quarter as compared to Rs. 8.10 millions during the corresponding quarter last year.Net profit of the cmpany stood at Rs. 4.21 millions for the quarter ended December 2019 a decline of -39.07% from Rs. 6.91 millions  in the same quarter last year.Operating Profit reported a sharp decline to 5.54 millions from 6.91 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 6.72 8.10 -17.04 10.96 11.31 -3.09 41.75 11.09 276.47 Other Income 0.00 0.07 0.00 11.80 6.40 84.38 0.37 0.03 1133.33 PBIDT 5.54 6.91 -19.83 18.26 13.96 30.80 36.43 6.42 467.45 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 5.54 6.91 -19.83 18.26 13.96 30.80 36.43 6.42 467.45 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 5.54 6.91 -19.83 18.26 13.96 30.80 36.43 6.42 467.45 TAX 1.33 0.00 0.00 4.41 0.17 2494.12 7.41 1.61 360.25 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 4.21 6.91 -39.07 13.85 13.79 0.44 29.02 4.81 503.33 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 82.44 85.31 -3.36 166.61 123.43 34.98 87.26 57.89 50.73

The Revenue for the quarter ended  September 2019 of Rs. 3.58 millions grew by 13.29 % from Rs. 3.16 millions.An average growth of 27.71% was recorded for the quarter ended September 2019 to Rs. 9.91  millions from Rs. 7.76 millions.Operating profit for the quarter ended September 2019 rose to 12.69 millions as compared to 7.93 millions of corresponding quarter ended September 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 3.58 3.16 13.29 4.24 3.21 32.09 41.75 11.09 276.47 Other Income 11.80 6.33 86.41 11.80 6.33 86.41 0.37 0.03 1133.33 PBIDT 12.69 7.93 60.03 12.72 7.05 80.43 36.43 6.42 467.45 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 12.69 7.93 60.03 12.72 7.05 80.43 36.43 6.42 467.45 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 12.69 7.93 60.03 12.72 7.05 80.43 36.43 6.42 467.45 TAX 2.78 0.17 1535.29 3.08 0.17 1711.76 7.41 1.61 360.25 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 9.91 7.76 27.71 9.64 6.88 40.12 29.02 4.81 503.33 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 354.47 250.95 41.25 300.00 219.63 36.60 87.26 57.89 50.73

The total revenue hovered 5755.38% to Rs. 38.06 millions for the March 2019 quarter as against Rs. 0.65 millions during the corresponding quarter last year.The Total Profit for the quarter ended March 2019 of Rs. 29.16 millions grew from Rs.-1.03 millions Operating profit Margin for the quarter ended March 2019 improved to 36.40% as compared to -0.82% of corresponding quarter ended March 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 38.06 0.65 5755.38 41.75 11.09 276.47 41.75 11.09 276.47 Other Income 0.30 0.03 900.00 0.37 0.03 1133.33 0.37 0.03 1133.33 PBIDT 36.40 -0.82 -4539.02 36.43 6.42 467.45 36.43 6.42 467.45 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 36.40 -0.82 -4539.02 36.43 6.42 467.45 36.43 6.42 467.45 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 36.40 -0.82 -4539.02 36.43 6.42 467.45 36.43 6.42 467.45 TAX 7.24 0.21 3347.62 7.41 1.61 360.25 7.41 1.61 360.25 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 29.16 -1.03 -2931.07 29.02 4.81 503.33 29.02 4.81 503.33 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 95.64 -126.15 -175.81 87.26 57.89 50.73 87.26 57.89 50.73

The sales slipped to Rs. 0.25 millions, down -48.98% for the December 2018 quarter as against Rs. 0.49 millions during the year-ago period.The Net Loss for the quarter ended December 2018 is Rs. -0.94 millions as compared to Net Loss of Rs. -0.07 millions of corresponding quarter ended December 2017 Operating profit Margin for the quarter ended December 2018 further decreased to -0.94% as compared to -0.40% of corresponding quarter ended December 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 0.25 0.49 -48.98 3.70 10.02 -63.07 11.09 55.73 -80.10 Other Income 0.07 0.00 0.00 0.07 0.43 -83.72 0.03 0.02 50.00 PBIDT -0.94 -0.40 135.00 0.02 7.24 -99.72 6.42 51.27 -87.48 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT -0.94 -0.40 135.00 0.02 7.24 -99.72 6.42 51.27 -87.48 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT -0.94 -0.40 135.00 0.02 7.24 -99.72 6.42 51.27 -87.48 TAX 0.00 -0.34 0.00 0.17 1.40 -87.86 1.61 10.70 -84.95 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -0.94 -0.07 1242.86 -0.14 5.84 -102.40 4.81 40.57 -88.14 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) -376.00 -81.63 360.60 0.54 72.26 -99.25 57.89 92.00 -37.07

Net sales declined -28.11%  to  Rs. 3.35 million from Rs. 4.66 millions.Net profit of the cmpany stood at Rs. 1.63 millions for the quarter ended September 2018 a decline of -43.79% from Rs. 2.90 millions  in the same quarter last year.Operating Profit reported a sharp decline to 1.79 millions from 3.78 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 3.35 4.66 -28.11 3.45 9.53 -63.80 11.09 55.73 -80.10 Other Income 0.00 0.43 0.00 0.00 0.43 0.00 0.03 0.02 50.00 PBIDT 1.79 3.78 -52.65 0.96 7.64 -87.43 6.42 51.27 -87.48 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 1.79 3.78 -52.65 0.96 7.64 -87.43 6.42 51.27 -87.48 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 1.79 3.78 -52.65 0.96 7.64 -87.43 6.42 51.27 -87.48 TAX 0.17 0.89 -80.90 0.17 1.74 -90.23 1.61 10.70 -84.95 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 1.63 2.90 -43.79 0.80 5.91 -86.46 4.81 40.57 -88.14 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 53.43 81.12 -34.13 27.83 80.17 -65.29 57.89 92.00 -37.07

The Sales for the quarter ended June 2018 of Rs. 0.10 million declined by -97.95% from Rs. 4.87 millions.The Net Loss for the quarter ended June 2018 is Rs. -0.83 millions as compared to Net Profit of Rs. 3.01 millions of corresponding quarter ended June 2017Operating profit Margin for the quarter ended June 2018 slipped to -0.83% as compared to 3.86% of corresponding quarter ended June 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 0.10 4.87 -97.95 0.10 4.87 -97.95 11.09 55.73 -80.10 Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.02 50.00 PBIDT -0.83 3.86 -121.50 -0.83 3.86 -121.50 6.42 51.27 -87.48 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT -0.83 3.86 -121.50 -0.83 3.86 -121.50 6.42 51.27 -87.48 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT -0.83 3.86 -121.50 -0.83 3.86 -121.50 6.42 51.27 -87.48 TAX 0.00 0.85 0.00 0.00 0.85 0.00 1.61 10.70 -84.95 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -0.83 3.01 -127.57 -0.83 3.01 -127.57 4.81 40.57 -88.14 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) -830.00 79.26 -1147.18 -830.00 79.26 -1147.18 57.89 92.00 -37.07

The Sales for the quarter ended March 2018 of Rs. 0.65 million declined by -62.64% from Rs. 1.74 millions.The Net Loss for the quarter ended March 2018 is Rs. -1.03 millions as compared to Net Profit of Rs. 0.34 millions of corresponding quarter ended March 2017Operating profit Margin for the quarter ended March 2018 slipped to -0.82% as compared to 0.34% of corresponding quarter ended March 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201803 201703 % Var Sales 0.65 1.74 -62.64 11.09 55.73 -80.10 11.09 55.73 -80.10 Other Income 0.03 0.02 50.00 0.03 0.02 50.00 0.03 0.02 50.00 PBIDT -0.82 0.34 -341.18 6.42 51.27 -87.48 6.42 51.27 -87.48 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT -0.82 0.34 -341.18 6.42 51.27 -87.48 6.42 51.27 -87.48 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT -0.82 0.34 -341.18 6.42 51.27 -87.48 6.42 51.27 -87.48 TAX 0.21 0.00 0.00 1.61 10.70 -84.95 1.61 10.70 -84.95 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -1.03 0.34 -402.94 4.81 40.57 -88.14 4.81 40.57 -88.14 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) -126.15 19.54 -745.61 57.89 92.00 -37.07 57.89 92.00 -37.07

The Sales for the quarter ended December 2017 of Rs. 0.49 million declined by -98.99% from Rs. 48.60 millions.The Net Loss for the quarter ended December 2017 is Rs. -0.07 millions as compared to Net Profit of Rs. 37.78 millions of corresponding quarter ended December 2016Operating profit Margin for the quarter ended December 2017 slipped to -0.40% as compared to 47.83% of corresponding quarter ended December 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 0.49 48.60 -98.99 10.02 53.38 -81.23 55.74 1.23 4431.71 Other Income 0.00 0.00 0.00 0.43 0.62 -30.65 0.02 0.04 -50.00 PBIDT -0.40 47.83 -100.84 7.24 50.93 -85.78 51.28 -2.46 -2184.55 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT -0.40 47.83 -100.84 7.24 50.93 -85.78 51.27 -2.46 -2184.15 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT -0.40 47.83 -100.84 7.24 50.93 -85.78 51.27 -2.46 -2184.15 TAX -0.34 10.05 -103.38 1.40 10.70 -86.92 10.70 0.02 53400.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -0.07 37.78 -100.19 5.83 40.23 -85.51 40.57 -2.49 -1729.32 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) -81.63 98.42 -182.95 72.26 95.41 -24.27 91.98 -200.00 -145.99

The company`s total revenue for the quarter ended September 2017 saw a slight change in the total revenue, having registered a total revenue of Rs. 4.66 millions.The Net Profit of the company registered a slight decline of -20.60% to Rs. 2.89  millions from Rs. 3.64 millions.Operating Profit reported a sharp decline to 3.78 millions from 4.29 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 4.66 4.54 2.64 9.53 4.78 99.37 55.74 1.23 4431.71 Other Income 0.43 0.62 -30.65 0.43 0.62 -30.65 0.02 0.04 -50.00 PBIDT 3.78 4.29 -11.89 7.64 3.10 146.45 51.28 -2.46 -2184.55 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 3.78 4.29 -11.89 7.64 3.10 146.45 51.27 -2.46 -2184.15 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 3.78 4.29 -11.89 7.64 3.10 146.45 51.27 -2.46 -2184.15 TAX 0.89 0.65 36.92 1.74 0.65 167.69 10.70 0.02 53400.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 2.89 3.64 -20.60 5.90 2.45 140.82 40.57 -2.49 -1729.32 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 81.12 94.49 -14.16 80.17 64.85 23.61 91.98 -200.00 -145.99

An increase of about 1929.17% to Rs. 4.87 millions in the total revenue was observed for the quarter ended June 2017. The total revenue was pegged at Rs. 0.24 millions during the similar quarter previous year.The Total Profit for the quarter ended June 2017 of Rs. 3.01 millions grew from Rs.-1.19 millions Operating profit Margin for the quarter ended June 2017 improved to 3.86% as compared to -1.19% of corresponding quarter ended June 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 4.87 0.24 1929.17 4.87 0.24 1929.17 55.74 1.23 4431.71 Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.04 -50.00 PBIDT 3.86 -1.19 -424.37 3.86 -1.19 -424.37 51.28 -2.46 -2184.55 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 3.86 -1.19 -424.37 3.86 -1.19 -424.37 51.27 -2.46 -2184.15 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 3.86 -1.19 -424.37 3.86 -1.19 -424.37 51.27 -2.46 -2184.15 TAX 0.85 0.00 0.00 0.85 0.00 0.00 10.70 0.02 53400.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 3.01 -1.19 -352.94 3.01 -1.19 -352.94 40.57 -2.49 -1729.32 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 79.26 -495.83 -115.99 79.26 -495.83 -115.99 91.98 -200.00 -145.99

The total revenue for the March 2017 quarter zoomed 770.00% to Rs. 1.74 millions as compared to Rs. 0.20 millions during the year-ago period.The Total Profit for the quarter ended March 2017 of Rs. 0.34 millions grew from Rs.-1.25 millions Operating profit Margin for the quarter ended March 2017 improved to 0.34% as compared to -1.27% of corresponding quarter ended March 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201703 201603 % Var 201703 201603 % Var 201703 201603 % Var Sales 1.74 0.20 770.00 55.74 1.23 4431.71 55.74 1.23 4431.71 Other Income 0.02 0.02 0.00 0.02 0.04 -50.00 0.02 0.04 -50.00 PBIDT 0.34 -1.27 -126.77 51.28 -2.46 -2184.55 51.28 -2.46 -2184.55 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBDT 0.34 -1.27 -126.77 51.27 -2.46 -2184.15 51.27 -2.46 -2184.15 Depreciation 0.00 -0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PBT 0.34 -1.25 -127.20 51.27 -2.46 -2184.15 51.27 -2.46 -2184.15 TAX 0.00 0.00 0.00 10.70 0.02 53400.00 10.70 0.02 53400.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 0.34 -1.25 -127.20 40.57 -2.49 -1729.32 40.57 -2.49 -1729.32 Equity 89.93 89.93 0.00 89.93 89.93 0.00 89.93 89.93 0.00 PBIDTM(%) 19.54 -635.00 -103.08 91.98 -200.00 -145.99 91.98 -200.00 -145.99

Times Guaranty has informed that a meeting of the Board of Directors of the Company is scheduled to be held on February 08, 2017, to consider and approve the unaudited financial results of the Company for the third quarter ended December 31, 2016.The above information is a part of company’s filings submitted to BSE.