Pakistan Engineering Company Ltd. reported a net loss of Rs 66.17 million for the three months ended September 30, 2019
Filed as: Financial Results for the Quarter Ended September 30, 2019
Summary
Pakistan Engineering Company Ltd. reported a net loss of Rs 66.17 million for the three months ended September 30, 2019, compared to a loss of Rs 40.55 million in the same period last year. Revenue declined significantly by 26.78% to Rs 75.70 million.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit/Loss | PKR -66.17M | PKR -40.55M | -63.2% |
| Revenue | PKR 75.70M | PKR 103.34M | -26.8% |
| Gross Loss | PKR -46.02M | PKR -23.13M | -99.0% |
| Operating Loss | PKR -31.60M | PKR -43.99M | +28.2% |
| Cash and Cash Equivalents | PKR 0.27M | PKR 44.78M | -99.4% |
| Basic and Diluted Loss Per Share | PKR -11.63 | PKR -7.13 | -63.1% |
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 66.17 million, worsening from a loss of Rs 40.55 million in the prior period.
- Revenue declined by 26.78% to Rs 75.70 million from Rs 103.34 million in the previous year.
- Gross loss widened to Rs 46.02 million from Rs 23.13 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.