Pakistan Engineering Company Ltd. reported a net loss of Rs 70.03 million for the nine months ended March 31, 2024
Filed as: Financial Results for the Quarter Ended March 31, 2024
Summary
Pakistan Engineering Company Ltd. reported a net loss of Rs 70.03 million for the nine months ended March 31, 2024, 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 70.03 M | PKR 39.90 M | +75.6% |
| Sales | PKR 17.97 M | PKR 24.07 M | -25.3% |
| Operating Loss | PKR 60.47 M | PKR 33.39 M | +81.2% |
| Gross Loss | PKR 15.55 M | PKR 27.63 M | -43.7% |
| Basic and Diluted Loss Per Share | PKR 12.31 | PKR 7.01 | +75.8% |
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 70.03 million, a 75.57% increase in losses compared to the prior period.
- Sales decreased by 25.34% to Rs 17.97 million, indicating a significant drop in revenue generation.
- Operating loss widened to Rs 60.47 million, reflecting deteriorating operational performance.
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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.