Pakistan Engineering Company Ltd. reported a net loss of Rs 100 million for the six months ended December 31, 2019
Filed as: Financial Results for the Quarter Ended December 31, 2019
Summary
Pakistan Engineering Company Ltd. reported a net loss of Rs 100 million for the six months ended December 31, 2019, with sales declining slightly to Rs 159 million. The company continues to face significant financial challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 100.00M | PKR 330.33M | -69.7% |
| Sales | PKR 158.76M | PKR 160.02M | -0.8% |
| Operating Loss | PKR 87.95M | PKR 158.44M | -44.5% |
| Gross Loss | PKR 82.10M | PKR 103.81M | -20.9% |
| Basic and Diluted Loss Per Share | PKR 17.57 | PKR 58.05 | -69.7% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company reported a net loss of Rs 100 million, a significant improvement from the prior period's loss of Rs 330 million.
- Sales decreased slightly to Rs 159 million from Rs 160 million in the prior period, indicating stagnant revenue performance.
- Operating loss was Rs 88 million, showing a reduction from the previous period's loss of Rs 158 million, but still indicating operational challenges.
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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.