Pakistan Engineering Company Ltd. reported a significant loss of Rs 330.33 million for the six months ended December 31, 2018

Filed as: Financial Results for the Quarter Ended December 31, 2018

PECOPakistan Engineering Company LimitedPECO · EngineeringFinancial resultFiled Pakistan time

Summary

Pakistan Engineering Company Ltd. reported a significant loss of Rs 330.33 million for the six months ended December 31, 2018, compared to a loss of Rs 3.01 million in the prior period. Revenue declined sharply to Rs 160.02 million from Rs 745.81 million.

Read the original filing

Figures in the filing

ItemThis periodPeriod beforeChange
RevenuePKR 160.02MPKR 745.81M-78.5%
Net Loss After TaxationPKR 330.33MPKR 3.01M-10873.8%
Basic and Diluted Loss Per SharePKR 58.05PKR 0.53—
Gross LossPKR 103.81MPKR -61.75M-268.1%
Operating LossPKR 158.44MPKR 1.96M-7978.8%

Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).

What the filing says

  • The company experienced a drastic decline in revenue, falling to Rs 160.02 million from Rs 745.81 million, a decrease of 78.54%.
  • Net loss after taxation increased significantly to Rs 330.33 million from Rs 3.01 million, indicating severe financial distress.
  • Basic and diluted loss per share worsened to Rs 58.05 from Rs 0.53, reflecting the company's deteriorating financial performance.

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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.