Kohinoor Energy reports 58% decline in profit for nine months

MG News | April 23, 2025 at 03:02 PM GMT+05:00

0:00

April 23, 2025 (MLN): Kohinoor Energy Limited (PSX: KOHE) reported a profit of Rs505 million for the nine months ending March 31, 2025, a 58% decrease compared to Rs1.20 billion recorded in the same period last year.

Net sales for the period dropped sharply by 62% to Rs 2.95bn, down from Rs 7.74bn in the corresponding period of 2024.

The reduction in sales was mirrored by a 69% decrease in the cost of sales, which amounted to Rs1.86bn, leading to a gross profit of Rs1.09bn, a 35% decline from the Rs1.69bn recorded last year.

Administrative and general expenses climbed to Rs311m, representing a 15% increase, while finance costs surged to Rs305m, a 34% rise compared to last year.

Meanwhile, the company experienced a 543% spike in taxation, which increased to Rs9m.

Condensed Consolidated Interim Statement of Profit/Loss for nine months ended on March 31, 2025 (Rs in '000)
	Mar-25	Mar-24	Change in %
Sales	2,952,836	7,743,197	-61.86%
Cost of Sales	(1,858,824)	(6,053,241)	-69.29%
Gross Profit	1,094,012	1,689,956	-35.26%
Administration & General Expenses	(310,979)	(271,125)	14.69%
Other Operating Income	36,240	9,234	292.46%
Profit from Operations	819,273	1,428,065	-42.63%
Finance Costs	(305,188)	(227,446)	34.18%
Profit Before Tax	514,085	1,200,619	-57.18%
Taxation	(9,229)	(1,435)	543.13%
Profit for the Period	504,856	1,199,184	-57.9%
Earnings Per Share (Basic and Diluted)	2.98	7.08	-57.9%

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