Dewan Farooque Motors Limited reported a significant loss of Rs 232.41 million for the half year ended December 31, 2024
Filed as: Financial Results for the Quarter Ended December 31,2024
Summary
Dewan Farooque Motors Limited reported a significant loss of Rs 232.41 million for the half year ended December 31, 2024, with a gross loss of Rs 123.26 million and no dividends declared.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit (Loss) | PKR -232.41M | PKR -140.26M | -65.7% |
| Net Sales | PKR 399.56M | PKR 0.03M | +1598240.0% |
| Gross Loss | PKR -123.26M | PKR -94.37M | -30.6% |
| Operating Loss | PKR -187.43M | PKR -120.19M | -55.9% |
| Cash and Bank Balances | PKR 151.05M | PKR 144.86M | +4.3% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company reported a net loss of Rs 232.41 million for the half year ended December 31, 2024, compared to a loss of Rs 140.26 million in the prior period.
- Net sales increased significantly to Rs 399.56 million from Rs 0.03 million in the prior period, indicating a substantial increase in sales activity.
- Gross loss widened to Rs 123.26 million from Rs 94.37 million, reflecting increased cost pressures.
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Source: Dewan Farooque Motors Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.