CPI Preview: Inflation to fall to around 17% YoY in April

KOHP’s gross margins soar in 1HFY24

13:40
February 28, 2024

February 28, 2024 (MLN): Kohinoor Power Company Limited (PSX: KOHP) turned profitable in the first half of FY24 amid notable improvement in gross margins, earning a profit after tax of Rs2.49 million [EPS: Rs0.2], compared to a loss of Rs6,348 in the same period last year (SPLY).

Going by the results, the company's top line shrank by 5.03% YoY to Rs8.48m as compared to Rs8.93m in SPLY.

However, the cost of sales fell significantly by 37.95% YoY, which improved the gross profit by 3x YoY to Rs3.7m in 1HFY24.

The gross margins surged to 43.70% as compared to 13.83% in SPLY.

Dring the review period, the company earned other income of Rs0.81m in 1HFY24 as compared to Rs0.38m in SPLY, a rise of 2.17x YoY.

On the expense side, the company observed an increase in administrative expenses by 34.57% YoY to clock in at Rs1.58m.

Unconsolidated (un-audited) Financial Results for half year ended December 31, 2023 (Rupees in '000)
	Dec 23	Dec 22	% Change
Sales	8,477	8,926	-5.03%
Cost of sales	(4,773)	(7,692)	-37.95%
Gross Profit	3,704	1,234	200.12%
Administrative Expenses	(1,576)	(1,171)	34.57%
Other Income	815	376	116.98%
Profit before taxation	2,943	(111)	–
Taxation	(458)	105	–
Net profit for the period	2,486	(6)	–
Basic earnings/ (loss) per share	0.20	(0.00)	–

Amount in thousand except for EPS

Copyright Mettis Link News

Posted on: 2024-02-28T13:35:15+05:00

FOREX

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.21000	278.41000	278.41000	278.21000	03:01 PM
2	EUR	1.06573	1.06576	1.06576	1.06573	11:35 PM
3	GBP	1.24760	1.24766	1.24766	1.24760	11:35 PM
4	CHF	0.92010	0.92050	0.92050	0.92010	11:35 PM
5	JPY	157.86200	157.87200	157.87200	157.86200	11:35 PM
6	CAD	1.37783	1.37791	1.37791	1.37783	11:35 PM
7	AUD	0.64694	0.64697	0.64697	0.64695	11:35 PM
8	INR	83.56110	83.56650	83.56650	83.56110	11:35 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	08:35 AM
10	AED	3.67240	3.67340	3.67340	3.67240	08:32 AM
11	HKD	7.82046	7.82135	7.82135	7.82046	11:35 PM
12	CNH	7.25011	7.25028	7.25028	7.25011	11:35 PM
13	CNY	7.24010	7.24210	7.24210	7.24010	08:21 PM
14	THB	37.21800	37.22700	37.22700	37.21800	11:35 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	09:01 PM
16	IDR	16,260.70000	16,269.40000	16,269.40000	16,260.70000	11:34 PM
17	SGD	1.36550	1.36557	1.36557	1.36550	11:35 PM
18	NZD	0.58830	0.58890	0.58890	0.58830	11:35 PM
19	MXN	17.11670	17.14670	17.14670	17.11670	11:35 PM
20	TRY	32.41010	32.42010	32.42010	32.41010	11:34 PM
21	SEK	11.01930	11.02770	11.02765	11.01925	11:35 PM
22	ZAR	18.78240	18.81240	18.81240	18.78240	11:35 PM
23	NOK	11.12330	11.13050	11.13047	11.12325	11:35 PM
24	DKK	6.99778	6.99873	6.99873	6.99778	11:35 PM
25	ARS	882.57800	882.72800	882.72819	882.57805	11:35 PM
26	BDT	108.74400	112.12100	112.12096	108.74438	09:00 PM
27	BHD	0.37701	0.37710	0.37710	0.37701	05:18 AM
28	BRL	5.19410	5.19710	5.19710	5.19410	11:34 PM
29	KRW	1,384.90000	1,386.22000	1,386.22000	1,384.90000	11:34 PM
30	KWD	0.30816	0.30826	0.30826	0.30816	06:53 AM
31	LKR	295.08600	301.65100	301.65125	295.08566	09:00 PM
32	OMR	0.38498	0.38502	0.38502	0.38498	08:35 AM
33	QAR	3.64600	3.64800	3.64800	3.64600	06:53 AM
34	RUB	93.42000	93.44000	93.44000	93.42000	08:00 PM
35	AFN	71.99600	73.87190	73.87190	71.99602	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,666.00000	12,731.60000	12,731.61284	12,665.95696	09:00 PM
40	PHP	57.84400	57.87800	57.87800	57.84400	11:33 PM
42	NGN	1,389.50000	1,390.50000	1,390.50000	1,389.50000	08:25 PM
43	KES	134.00000	136.00000	136.00000	134.00000	08:25 PM
44	AMD	362.11000	418.38200	418.38218	362.11020	09:00 PM
45	TWD	32.60050	32.63050	32.63050	32.60050	11:35 PM
46	XAU	2,286.31000	2,286.60000	2,286.60000	2,286.31000	11:34 PM
47	XAG	26.42120	26.42960	26.42960	26.42120	11:34 PM
48	XPT	931.97400	941.47600	941.47580	931.97420	08:35 AM
49	XPD	945.44000	951.09000	951.09000	945.44000	08:35 AM
2,120	VES	36.33500	36.42830	36.42826	36.33504	08:00 PM
2,212	UGX	3,793.95000	3,878.37000	3,878.36837	3,793.95406	09:00 PM
2,213	TZS	2,584.99000	2,585.01000	2,585.01500	2,584.98500	08:25 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,119.66	71,102.546	71,059.63	-592.488	-0.826	232,912,683.0	15,336,124,598.570	30/04/2024 04:12 PM
ALLSHR	47,278.09	46,554.238	46,538.66	-356.311	-0.760	560,299,183.0	25,727,511,058.590	30/04/2024 04:12 PM
KSE30	23,730.85	23,394.660	23,378.10	-147.348	-0.626	106,961,771.0	11,758,106,827.530	30/04/2024 04:12 PM
KMI30	121,454.52	119,444.797	119,318.97	-817.829	-0.680	131,842,091.0	10,993,230,910.190	30/04/2024 04:12 PM
KMIALLSHR	33,864.99	33,272.389	33,250.69	-273.132	-0.814	338,632,747.0	21,233,492,197.410	30/04/2024 04:12 PM
BKTi	17,945.48	17,639.285	17,616.80	-103.073	-0.581	12,615,671.0	1,332,601,506.120	30/04/2024 04:12 PM
OGTi	17,190.77	16,785.146	16,701.89	35.227	0.210	36,944,204.0	4,716,148,597.860	30/04/2024 04:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	60,265.0	61,150.0	59,785.0	865.00
BRENT CRUDE	EB	85.6	85.9	85.5	-0.69
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-0.95
ROTTERDAM COAL MONTHLY	ET	103.0	103.0	102.4	1.70
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.2	81.5	81.1	-0.78
SUGAR #11 WORLD	SB	19.4	19.8	19.3	-0.34

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