Pakistan Engineering Company Ltd. reported a significant net loss of Rs 342.85 million for the nine months ended March 31, 2019

Filed as: Financial Results for the Quarter Ended March 31, 2019

PECOPakistan Engineering Company LimitedPECO · EngineeringFinancial resultFiled Pakistan time

Summary

Pakistan Engineering Company Ltd. reported a significant net loss of Rs 342.85 million for the nine months ended March 31, 2019, with a drastic decline in sales to Rs 178.42 million.

Read the original filing

Figures in the filing

ItemThis periodPeriod beforeChange
Net LossPKR 342.85MPKR 22.07M+1453.8%
SalesPKR 178.42MPKR 1,214.96M-85.3%
Gross LossPKR 99.94MPKR -68.59M-245.7%
Operating LossPKR 171.25MPKR 18.25M+838.4%
Cash and Cash EquivalentsPKR 16.01MPKR 29.13M-45.0%
Basic and Diluted Loss Per SharePKR 60.25PKR 3.88+1452.8%

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

What the filing says

  • The company experienced a net loss of Rs 342.85 million, a substantial increase from the prior period's loss of Rs 22.07 million.
  • Sales plummeted to Rs 178.42 million from Rs 1,214.96 million in the previous period, indicating a severe decline in revenue generation.
  • Cash and cash equivalents decreased to Rs 16.01 million from Rs 29.13 million, reflecting a concerning liquidity position.

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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.