Pakistan Engineering Company Ltd. reported a significant net loss of Rs 40.44 million for the period ended September 30, 2023
Filed as: Financial Results for the Quarter Ended September 30, 2023
Summary
Pakistan Engineering Company Ltd. reported a significant net loss of Rs 40.44 million for the period ended September 30, 2023, compared to a net profit of Rs 12.77 million in the prior period. The company's revenue declined to Rs 6.30 million, indicating severe financial challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 40.44M | PKR 12.77M | -416.8% |
| Revenue | PKR 6.30M | PKR 8.12M | -22.4% |
| Operating Loss | PKR 31.77M | PKR 23.94M | -32.7% |
| Basic and Diluted Loss Per Share | PKR -7.11 | PKR 2.24 | — |
| Cash and Cash Equivalents | PKR 14.99M | PKR 15.04M | -0.3% |
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 40.44 million, a drastic decline from a net profit of Rs 12.77 million in the prior period.
- Revenue decreased by 22.43% to Rs 6.30 million from Rs 8.12 million, reflecting a challenging market environment.
- Operating loss increased to Rs 31.77 million from Rs 23.94 million, indicating worsening operational efficiency.
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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.