Pakistan Engineering Company Ltd. reported a net loss of Rs 59.95 million for the period ended September 30, 2020
Filed as: Financial Results for the Quarter Ended September 30, 2020
Summary
Pakistan Engineering Company Ltd. reported a net loss of Rs 59.95 million for the period ended September 30, 2020, with a significant decline in gross profit and operating income.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit (Loss) | PKR -59.95M | PKR -66.17M | +9.4% |
| Revenue | PKR 120.01M | PKR 75.70M | +58.5% |
| Gross Profit (Loss) | PKR -14.46M | PKR -46.02M | +68.6% |
| Operating Profit (Loss) | PKR -50.63M | PKR -121.72M | +58.4% |
| Basic and Diluted Loss Per Share | PKR -10.53 | PKR -11.63 | +9.5% |
| Cash and Cash Equivalents | PKR 78.72M | PKR 0.27M | +29066.7% |
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 59.95 million, a slight improvement from the previous year's loss of Rs 66.17 million.
- Revenue increased to Rs 120.01 million from Rs 75.70 million, showing a growth of 58.55%.
- Gross loss narrowed to Rs 14.46 million from Rs 46.02 million, indicating a reduction in negative gross margin.
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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.