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% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 178,262.34 385.16M | 4.23% 7241.13 |
| ALLSHR | 107,837.44 1,028.26M | 3.85% 4001.05 |
| KSE30 | 53,347.67 160.21M | 4.70% 2395.68 |
| KMI30 | 251,510.37 142.71M | 4.52% 10876.50 |
| KMIALLSHR | 69,173.86 484.44M | 3.91% 2601.11 |
| BKTi | 51,064.73 51.74M | 4.91% 2391.50 |
| OGTi | 35,248.42 10.48M | 4.59% 1546.17 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,545.00 | 66,075.00 63,875.00 | 330.00 0.51% |
| BRENT CRUDE | 89.89 | 93.60 87.55 | -6.89 -7.12% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.55 -1.44% |
| ROTTERDAM COAL MONTHLY | 120.00 | 120.00 120.00 | -0.25 -0.21% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 83.50 | 86.20 82.12 | -5.81 -6.51% |
| SUGAR #11 WORLD | 14.61 | 14.75 14.54 | -0.16 -1.08% |
Chart of the Day
Latest News
Top 5 things to watch in this week
MPC Decision
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|