Pakistan Engineering Company Limited reported a significant net loss of Rs 81.93 million for the six months ended December 31

Filed as: Financial Results for the Quarter Ended December 31, 2021

PECOPakistan Engineering Company LimitedPECO · EngineeringFinancial resultFiled Pakistan time

Summary

Pakistan Engineering Company Limited reported a significant net loss of Rs 81.93 million for the six months ended December 31, 2021, with a substantial decline in sales to Rs 68.75 million.

Read the original filing

Figures in the filing

ItemThis periodPeriod beforeChange
SalesPKR 68.75MPKR 166.92M-58.8%
Gross LossPKR 57.27MPKR 16.39M-249.5%
Net Loss After TaxationPKR 81.93MPKR 65.06M-25.9%
Basic and Diluted Loss Per SharePKR 14.40PKR 11.43-26.0%
Cash and Bank BalancesPKR 65.71MPKR 44.58M+47.4%

Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).

What the filing says

  • The company experienced a drastic decrease in sales, reporting Rs 68.75 million compared to Rs 166.92 million in the prior period, a decline of 58.82%.
  • Net loss after taxation increased to Rs 81.93 million from Rs 65.06 million in the previous period, indicating worsening financial performance.
  • The gross loss widened significantly to Rs 57.27 million from Rs 16.39 million, reflecting severe margin compression.

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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.