Pakistan Engineering Company Ltd. reported a net loss of Rs 19.56 million for the six months ended December 31, 2022
Filed as: Financial Results for the Quarter Ended December 31, 2022
Summary
Pakistan Engineering Company Ltd. reported a net loss of Rs 19.56 million for the six months ended December 31, 2022, with a significant decline in sales and continued operating losses.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 19.56 M | PKR 81.93 M | -76.1% |
| Sales | PKR 18.05 M | PKR 68.75 M | -73.7% |
| Gross Loss | PKR 16.20 M | PKR 57.27 M | -71.7% |
| Operating Loss | PKR 15.12 M | PKR 72.53 M | -79.2% |
| Cash and Cash Equivalents | PKR 43.92 M | PKR 47.03 M | -6.6% |
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 19.56 million, a significant improvement from the prior period's loss of Rs 81.93 million.
- Sales decreased drastically to Rs 18.05 million from Rs 68.75 million in the prior period, indicating a severe decline in revenue generation.
- The gross loss for the period was Rs 16.20 million, compared to a gross loss of Rs 57.27 million in the prior period, 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.