PECO reported a net loss of Rs 75.30 million for the year ended June 30, 2024
Filed as: Financial Results for the year ended June 30, 2024
Summary
PECO reported a net loss of Rs 75.30 million for the year ended June 30, 2024, with a significant decline in revenue to Rs 23.33 million, indicating severe financial challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 75.30 M | PKR 47.47 M | +58.6% |
| Revenue | PKR 23.33 M | PKR 30.09 M | -22.5% |
| Gross Loss | PKR 20.19 M | PKR 35.77 M | -43.5% |
| Operating Loss | PKR 76.02 M | PKR 45.50 M | +67.2% |
| Basic and Diluted Loss Per Share | PKR 13.23 | PKR 8.34 | +58.7% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- Net loss increased to Rs 75.30 million from Rs 47.47 million, a deterioration of 58.65%.
- Revenue declined sharply by 22.47% to Rs 23.33 million from Rs 30.09 million.
- The company's gross loss narrowed to Rs 20.19 million from Rs 35.77 million, showing some improvement in cost management.
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Source: Pakistan Engineering Company 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.