PECO reported a net loss of Rs 65.06 million for the six months ended December 31, 2020

Filed as: Financial Results for the Quarter Ended December 31, 2020

PECOPakistan Engineering Company LimitedPECO · EngineeringFinancial resultFiled Pakistan time

Summary

PECO reported a net loss of Rs 65.06 million for the six months ended December 31, 2020, compared to a loss of Rs 100 million in the prior period. Revenue increased slightly to Rs 166.92 million, but the company continues to face significant financial challenges.

Read the original filing

Figures in the filing

ItemThis periodPeriod beforeChange
Net LossPKR 65.06MPKR 100M-34.9%
RevenuePKR 166.92MPKR 158.76M+5.1%
Gross LossPKR 16.39MPKR 82.10M-80.0%
Operating LossPKR 60.57MPKR 87.95M-31.1%
Basic and Diluted Loss Per SharePKR 11.43PKR 17.57-35.0%
Cash and Bank BalancesPKR 55.14MPKR 31.37M+75.8%

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

What the filing says

  • Net loss decreased to Rs 65.06 million from Rs 100 million in the prior period, indicating a slight improvement but still concerning.
  • Revenue increased by 5.14% to Rs 166.92 million from Rs 158.76 million, showing some growth in sales.
  • The company reported a gross loss of Rs 16.39 million, an improvement from a gross loss of Rs 82.10 million in the prior period.

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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.