Pakistan Engineering Company Ltd. reported a significant net loss of Rs 39.31 million for the three months ended September 30
Filed as: Financial Results for the Quarter Ended September 30, 2021
Summary
Pakistan Engineering Company Ltd. reported a significant net loss of Rs 39.31 million for the three months ended September 30, 2021, with a sharp decline in sales to Rs 21.18 million.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit/(Loss) | PKR -39.31M | PKR -59.95M | +34.4% |
| Sales | PKR 21.18M | PKR 120.01M | -82.3% |
| Gross Loss | PKR -21.14M | PKR -14.46M | -46.2% |
| Operating Loss | PKR -31.44M | PKR -50.63M | +37.9% |
| Basic and Diluted Loss Per Share | PKR 6.91 | PKR 10.53 | +34.4% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- Net loss for the period was Rs 39.31 million, an improvement from the prior period's loss of Rs 59.95 million.
- Sales dropped dramatically to Rs 21.18 million, a decrease of 82.35% from Rs 120.01 million in the prior period.
- Gross loss widened to Rs 21.14 million from Rs 14.46 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.