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Dewan Farooque Motors loss doubles amid rising costs

10:12
November 6, 2024
MG

November 06, 2024 (MLN): Dewan Farooque Motors Ltd. (PSX: DFML) reported a nearly 100% increase in its net loss for FY24, as the company's cost of sales surged while it struggled to generate any revenue.

The automobile assembler's loss after tax jumped to Rs457.85 million [LPS: Rs3.43] during the year ending June 2024, up 98.4% from the loss of Rs230.81m [LPS: Rs1.73] last year.

The company recorded a revenue of just Rs9.95 million as compared to Rs0.18m last year.

Meanwhile, its cost of sales surged 107.1%, widening the gross loss by 100.3% to Rs282.88m.

On the expense side, the company's administrative expenses rose 49.5% from a year ago to Rs38.09m, and selling and distribution expenses rose 621.5% to Rs106.69m.

Unconsolidated (un-audited) Financial Results for year ended June 30, 2024 (Rupees in '000)
	Jun 24	Jun 23	% Change
Sales	9,953	180	5429.44%
Cost of sales	(292,833)	(141,428)	107.05%
Gross Profit/ (loss)	(282,880)	(141,248)	100.27%
Administrative Expenses	(38,093)	(25,477)	49.52%
Selling And Distribution Expenses	(106,693)	(14,788)	621.48%
Share Of Profit / (Loss)	–	(79,151)	–
Provision Reversed / (Charged)	–	(8,903)	–
Other Income	(29,856)	38,773	–
Finance Cost	(200)	(9)	2122.22%
Profit/ (loss) before taxation	(457,722)	(230,803)	98.32%
Taxation	(124)	(2)	6100.00%
Net profit/ (loss) for the period	(457,846)	(230,805)	98.37%
Basic earnings/ (loss) per share	(3.43)	(1.73)	–

Amount in thousand except for EPS

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Posted on: 2024-11-06T10:06:57+05:00

FOREX

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FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.05000	278.15000	278.20000	278.05000	01:06 PM
2	EUR	1.05050	1.05080	1.05050	1.05080	07:25 PM
3	GBP	1.26190	1.26210	1.26190	1.26210	07:25 PM
4	CHF	0.89247	0.89295	0.89247	0.89295	07:48 PM
5	JPY	153.74000	153.75000	153.74000	153.75000	07:25 PM
6	CAD	1.42350	1.42400	1.42350	1.42400	07:25 PM
7	AUD	0.63510	0.63550	0.63510	0.63550	07:25 PM
8	INR	84.81930	84.81980	85.04510	84.78000	07:00 PM
9	SAR	3.75720	3.75760	3.75720	3.75760	05:49 AM
10	AED	3.67240	3.67340	0.00000	0.00000	02:57 AM
11	HKD	7.77520	7.77530	7.77520	7.77530	07:25 PM
12	CNH	7.27976	7.27984	7.29253	7.25070	07:00 PM
13	CNY	7.27560	7.27690	0.00000	0.00000	09:05 PM
14	THB	34.10000	34.12000	34.18000	33.94000	07:00 PM
15	MYR	4.44750	4.45250	4.45250	4.44190	07:00 PM
16	IDR	16,025.80000	16,039.10000	16,049.00000	15,955.30000	07:00 PM
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18	NZD	0.57600	0.57660	0.57783	0.57541	07:00 PM
19	MXN	20.11540	20.14540	20.11540	20.14540	07:25 PM
20	TRY	34.94800	34.95800	34.96361	34.87550	07:00 PM
21	SEK	10.97520	10.98420	10.97520	10.98420	07:25 PM
22	ZAR	17.86060	17.87060	17.86060	17.87060	07:25 PM
23	NOK	11.13940	11.14540	11.13940	11.14540	07:25 PM
24	DKK	7.10000	7.10100	7.13461	7.08582	07:00 PM
25	ARS	1,017.61313	1,017.62170	1,017.61313	1,017.62170	07:48 PM
26	BDT	117.73843	121.16909	118.22891	121.16909	07:00 PM
27	BHD	0.37710	0.37730	0.00000	0.00000	12:31 PM
28	BRL	6.04090	6.04390	6.07680	5.98390	07:00 PM
29	KRW	1,434.45000	1,436.45000	1,436.34000	1,431.13000	07:00 PM
30	KWD	0.30780	0.30790	0.00000	0.00000	02:59 AM
31	LKR	286.73668	293.40741	287.91238	293.40741	07:00 PM
32	OMR	0.38492	0.38507	0.00000	0.00000	02:57 AM
33	QAR	3.63440	3.65690	0.00000	0.00000	11:00 PM
34	RUB	104.45672	104.46529	104.45672	104.46529	07:48 PM
35	AFN	69.03124	70.93712	69.03124	70.89041	07:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:43 AM
37	TMT	3.36000	3.66000	3.36000	3.66000	07:00 PM
38	MVR	15.25000	15.55000	15.25000	15.55000	07:00 PM
39	UZS	12,821.14813	12,887.85545	12,874.15421	12,887.85545	07:00 PM
40	PHP	58.55200	58.73600	59.02100	58.27500	07:00 PM
42	NGN	1,547.61000	1,548.61000	1,554.51000	1,541.15000	07:00 PM
43	KES	128.25000	130.25000	128.98000	130.19000	07:00 PM
44	AMD	394.01000	394.01000	394.01000	394.01000	07:00 PM
45	TWD	32.49830	32.52830	32.56700	32.44400	07:00 PM
46	XAU	2,648.05000	2,649.86000	2,692.08000	2,646.74000	07:00 PM
47	XAG	30.53420	30.58080	31.09700	30.30930	07:00 PM
48	XPT	924.60000	927.00000	924.60000	927.00000	02:50 AM
49	XPD	952.37750	960.20250	0.00000	0.00000	02:49 AM
2,120	VES	50.26160	50.27610	50.26160	50.27610	07:48 PM
2,212	UGX	3,602.16130	3,687.92704	3,627.81452	3,687.92704	07:00 PM
2,213	TZS	2,383.72700	2,383.75700	2,383.72700	2,375.01500	07:00 PM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	115,172.45	114,301.801	112,609.26	121.292	0.106	479,749,698.0	44,316,484,561.600	13/12/2024 04:50 PM
ALLSHR	72,657.38	72,362.224	71,370.65	349.852	0.486	1,117,741,730.0	59,496,981,638.880	13/12/2024 04:50 PM
KSE30	36,066.73	35,805.434	35,111.30	104.087	0.292	182,721,656.0	33,226,150,031.660	13/12/2024 04:50 PM
KMI30	180,120.13	179,177.330	175,168.94	1,107.458	0.622	138,958,950.0	25,123,000,542.920	13/12/2024 04:50 PM
KMIALLSHR	51,675.59	51,457.041	50,535.95	532.407	1.046	749,180,669.0	43,532,734,259.530	13/12/2024 04:50 PM
BKTi	25,002.82	23,937.594	23,564.82	-1,035.289	-4.146	17,217,356.0	3,834,882,203.620	13/12/2024 04:50 PM
OGTi	32,004.27	31,802.095	30,211.35	1,385.948	4.557	37,916,719.0	12,089,582,293.350	13/12/2024 04:50 PM

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BITCOIN FUTURES	BTC	101,840.0	102,605.0	99,620.0	1,435.00
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RICHARDS BAY COAL MONTHLY	EF	112.0	0.0	0.0	3.20
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USD RBD PALM OLEIN	POL	1,150.0	1,150.0	1,150.0	0.00
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