MFFL slips to Rs178m loss in 3MFY27
MG News | October 26, 2026 at 03:23 PM GMT+05:00
October 26, 2026 (MLN): Mitchell's Fruit Farms Limited (PSX:
MFFL) swung into a net loss of Rs177.78m for the first quarter ended
September 30, 2026 (1QFY27 / 3MFY27), compared to a net profit of Rs183.72m
in the corresponding period last year.
Reflecting this bottom-line turnaround
into the red, basic and diluted loss per share (LPS) stood at Rs6.93,
down from restated earnings per share (EPS) of Rs7.16 in 1QFY26.
The primary factor driving the net
loss was a dramatic escalation in operating expenses alongside the
absence of the prior year's high "other income", which completely
eclipsed a 36% expansion in top-line revenue.
Revenue for the quarter rose 36% to Rs951.60m,
up from Rs702.16m in 1QFY26. Cost of sales increased 36% to Rs713.27m,
bringing gross profit to Rs238.34m (up 34% from Rs178.37m).
On the operational front, selling and
distribution expenses surged to Rs285.46m
(up from Rs92.90m), while administrative expenses jumped 84% to Rs102.95m
(up from Rs55.98m).
Below the operating line, MFFL saw
"other income" shrink 97% to Rs7.85m (down from Rs228.00m in
1QFY26), while finance costs rose 21% to Rs20.57m. With other operating
expenses settling at Rs3.03m, loss before levy and taxation reached Rs165.82m
(down from a profit of Rs192.55m).
After accounting for a levy/final tax
charge of Rs11.96m, Mitchell's Fruit Farms Limited closed the first
quarter with a net loss of Rs177.78m.
|
STATEMENT OF PROFIT OR
LOSS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.) |
|||
|
Description |
2026 |
2025 |
change % |
|
Revenue |
951,602,896 |
702,158,070 |
35.5% |
|
Cost of Sale |
(713,266,660) |
(523,784,812) |
36.2% |
|
Gross Profit |
238,336,236 |
178,373,258 |
33.6% |
|
Administrative expenses |
(102,946,781) |
(55,978,384) |
83.9% |
|
Selling and distribution
expenses |
(285,455,455) |
(92,899,557) |
207.3% |
|
Operating Profit /
(Loss) |
(150,066,000) |
29,495,317 |
|
|
Other operating expenses |
(3,027,293) |
(47,887,275) |
-93.7% |
|
Finance cost |
(20,574,866) |
(17,055,509) |
20.6% |
|
Other income |
7,850,346 |
228,000,945 |
-96.6% |
|
Profit / (Loss) before
Levy and Taxation |
(165,817,813) |
192,553,478 |
|
|
Levy / final taxation |
(11,962,667) |
(8,829,126) |
35.5% |
|
Net Profit / (Loss)
after Taxation |
(177,780,480) |
183,724,352 |
|
|
Earnings / (Loss) per
Share - Basic and Diluted (Rupees) |
(6.93) |
7.16 |
|
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