PECO reported a net loss of Rs 236.42 million for the nine months ended March 31, 2020
Filed as: Financial Results for the Quarter Ended March 31, 2020
Summary
PECO reported a net loss of Rs 236.42 million for the nine months ended March 31, 2020, with a significant decline in sales and increased operating losses.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 236.42 M | PKR 342.85 M | -31.0% |
| Sales | PKR 175.58 M | PKR 178.42 M | -1.6% |
| Gross Loss | PKR 184.13 M | PKR 99.94 M | +84.3% |
| Operating Loss | PKR 199.31 M | PKR 171.25 M | +16.4% |
| Cash and Cash Equivalents | PKR 24.20 M | PKR 44.78 M | -46.0% |
| Basic and Diluted Loss Per Share | PKR 41.55 per share | PKR 60.25 per share | -31.0% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company experienced a net loss of Rs 236.42 million, a reduction from the prior period's loss of Rs 342.85 million.
- Sales decreased slightly to Rs 175.58 million from Rs 178.42 million in the prior period.
- Gross loss widened to Rs 184.13 million from Rs 99.94 million, indicating increased cost pressures.
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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.