Kohinoor Energy reports 58% decline in profit for nine months
MG News | April 23, 2025 at 03:02 PM GMT+05:00
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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