PECO reported a significant net loss of Rs 56.69 million for the six months ended December 31, 2023
Filed as: Financial Results for the Quarter Ended December 31, 2023
Summary
PECO reported a significant net loss of Rs 56.69 million for the six months ended December 31, 2023, with a decrease in revenue to Rs 12.83 million. The company's financial performance shows severe declines across key metrics.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 56.69M | PKR 19.56M | +189.8% |
| Revenue | PKR 12.83M | PKR 18.05M | -28.9% |
| Operating Loss | PKR 45.85M | PKR 15.12M | +203.2% |
| Gross Loss | PKR 7.50M | PKR 16.20M | -53.7% |
| Basic and Diluted Loss Per Share | PKR 9.96 | PKR 3.44 | +189.5% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- Net loss increased to Rs 56.69 million from Rs 19.56 million in the prior period, indicating a worsening financial position.
- Revenue decreased by 28.91% to Rs 12.83 million from Rs 18.05 million, reflecting a significant decline in sales.
- Operating loss widened to Rs 45.85 million from Rs 15.12 million, highlighting increased operational challenges.
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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.