Pakistan Engineering Company Limited reported a net profit of Rs 12.77 million for the period ended September 30, 2022
Filed as: Financial Results for the Quarter Ended September 30, 2022
Summary
Pakistan Engineering Company Limited reported a net profit of Rs 12.77 million for the period ended September 30, 2022, compared to a loss of Rs 39.31 million in the prior period. Revenue declined significantly, but the company achieved profitability due to substantial other operating income.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit | PKR 12.77 M | PKR -39.31 M | +132.5% |
| Revenue | PKR 8.12 M | PKR 21.18 M | -61.7% |
| Other Operating Income | PKR 44.35 M | PKR 4.27 M | +937.5% |
| Gross Loss | PKR -6.50 M | PKR -21.14 M | +69.3% |
| Basic and Diluted Earnings Per Share | 2.24 | -6.91 | — |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- Net profit for the period was Rs 12.77 million, a significant improvement from a loss of Rs 39.31 million in the prior period.
- Revenue decreased to Rs 8.12 million from Rs 21.18 million, indicating a decline in sales performance.
- Other operating income surged to Rs 44.35 million from Rs 4.27 million, contributing to the overall profitability.
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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.