Dewan Farooque Motors Limited reported a significant loss of Rs 156.50 million for the first quarter ended September 30, 2024
Filed as: Financial Results for the Quarter Ended September 30,2024
Summary
Dewan Farooque Motors Limited reported a significant loss of Rs 156.50 million for the first quarter ended September 30, 2024, with net sales of Rs 196.83 million. The company continues to face severe financial challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 156.50 million | PKR 55.37 million | +182.6% |
| Net Sales | PKR 196.83 million | PKR 0.017 million | +1155764.7% |
| Operating Loss | PKR 119.88 million | PKR 57.39 million | +108.8% |
| Gross Loss | PKR 84.13 million | PKR 43.92 million | +91.5% |
| Loss per Share | PKR 1.13 | PKR 0.40 | +182.5% |
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 156.50 million, a substantial increase from the Rs 55.37 million loss in the prior period.
- Net sales increased to Rs 196.83 million from Rs 0.017 million in the prior period, indicating some recovery in sales activity.
- Operating loss widened to Rs 119.88 million from Rs 57.39 million, reflecting increased operating expenses.
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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.