Pakistan Engineering Company Ltd. reported a net loss of Rs 39.90 million for the nine months ended March 31, 2023
Filed as: Financial Results for the Quarter Ended March 31, 2023
Summary
Pakistan Engineering Company Ltd. reported a net loss of Rs 39.90 million for the nine months ended March 31, 2023, with a significant decline in sales to Rs 24.07 million. The company continues to face severe financial challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 39.90 M | PKR 171.21 M | -76.7% |
| Sales | PKR 24.07 M | PKR 110.26 M | -78.2% |
| Gross Loss | PKR 27.63 M | PKR 118.77 M | -76.7% |
| Operating Loss | PKR 33.39 M | PKR 160.68 M | -79.2% |
| Cash and Bank Balances | PKR 22.05 M | PKR 47.03 M | -53.1% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company recorded a net loss of Rs 39.90 million, a significant improvement from the previous year's loss of Rs 171.21 million.
- Sales dropped dramatically to Rs 24.07 million from Rs 110.26 million in the prior period, indicating a severe decline in business activity.
- Gross loss narrowed to Rs 27.63 million from Rs 118.77 million, reflecting some cost management improvements.
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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.