National Refinery’s losses for 1HFY20 shrink by 22%

07:51
January 21, 2020
MG

January 21, 2020 (MLN): National Refinery Limited has incurred Net Losses of Rs. 2.98 billion (LPS: Rs. 37.33) for the half year ended on December 31, 2019, showing a decline of 22.6% over the losses witnessed in same period of last year.

The net revenue and cost of sales of the company displayed minimal growth of 1.99% and 2.62% respectively, resulting in a Gross Loss of Rs. 2.52 billion.

Despite a substantial rise in the non-core income as well as fall of 1.38% in Administrative Expense during the period, the company’s Operating Losses rose by 4.73%.

However, the company got a much needed breather from the fall in finance costs by around 52%, which ultimately pulled down the Losses before Taxation by nearly 21%.

Profit and Loss Account for the half year ended December 31, 2019 ('000 Rupees)
	Dec-19	Dec-18	% Change
Revenue from contracts with customers	108,148,601	99,627,322	8.55%
Trade discounts, taxes, duties, levies an price differentials	(27,484,758)	(20,537,921)	33.82%
Net sales	80,663,843	79,089,401	1.99%
Cost of sales	(83,191,596)	(81,067,700)	2.62%
Gross loss	(2,527,753)	(1,978,299)	27.77%
Distribution cost	(442,566)	(411,439)	7.57%
Administrative expenses	(437,452)	(443,555)	-1.38%
Other income	615,962	165,817	271.47%
Other operating expenses	(10,177)	(7,951)	28.00%
Operating loss	(2,801,986)	(2,675,427)	4.73%
Finance cost	(1,069,359)	(2,223,465)	-51.91%
Loss before taxation	(3,871,345)	(4,898,892)	-20.98%
Taxation	886,372	1,041,549	-14.90%
Loss after taxation	(2,984,973)	(3,857,343)	-22.62%
Earnings per share – basic and diluted (rupees)	(37.33)	(48.24)	–22.62%

Copyright Mettis Link News

Posted on: 2020-01-21T12:51:00+05:00

32245

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06670	1.06700	1.06700	1.06670	10:15 AM
3	GBP	1.24616	1.24620	1.24620	1.24616	10:15 AM
4	CHF	0.90870	0.90910	0.90910	0.90870	10:15 AM
5	JPY	154.58800	154.59800	154.59800	154.58800	10:15 AM
6	CAD	1.37360	1.37410	1.37410	1.37360	10:15 AM
7	AUD	0.64190	0.64230	0.64230	0.64190	10:15 AM
8	INR	83.40470	83.40520	83.40520	83.40470	10:14 AM
9	SAR	3.75120	3.75140	3.75140	3.75120	07:16 PM
10	AED	3.67220	3.67320	3.67320	3.67220	07:14 PM
11	HKD	7.83304	7.83327	7.83327	7.83304	10:15 AM
12	CNH	7.24878	7.24890	7.24890	7.24878	10:15 AM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.86800	36.91000	36.91000	36.86800	10:14 AM
15	MYR	4.78100	4.78600	4.78600	4.78100	05:48 AM
16	IDR	16,219.50000	16,228.90000	16,228.90000	16,219.50000	10:14 AM
17	SGD	1.36091	1.36103	1.36103	1.36091	10:15 AM
18	NZD	0.58957	0.58962	0.58962	0.58957	10:15 AM
19	MXN	17.31340	17.31840	17.31839	17.31339	10:15 AM
20	TRY	32.58280	32.59280	32.59280	32.58280	10:15 AM
21	SEK	10.91190	10.91350	10.91348	10.91189	10:15 AM
22	ZAR	19.14710	19.15460	19.15460	19.14710	10:15 AM
23	NOK	11.00550	11.00780	11.00778	11.00585	10:15 AM
24	DKK	6.99458	6.99513	6.99513	6.99458	10:15 AM
25	ARS	870.75700	870.76700	870.76720	870.75720	10:14 AM
26	BDT	108.06500	111.44600	111.44612	108.06470	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:50 PM
28	BRL	5.23540	5.23840	5.23840	5.23540	10:14 AM
29	KRW	1,376.80000	1,377.21000	1,377.21000	1,376.80000	10:15 AM
30	KWD	0.30824	0.30834	0.30834	0.30824	07:15 PM
31	LKR	298.75800	305.33300	305.33326	298.75827	07:19 AM
32	OMR	0.38498	0.38515	0.38515	0.38498	06:50 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	07:16 PM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.05620	72.93480	72.93477	71.05622	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,665.30000	12,731.10000	12,731.06402	12,665.31410	07:19 AM
40	PHP	57.48900	57.51700	57.51700	57.48900	10:14 AM
42	NGN	1,077.81000	1,078.81000	1,078.81000	1,077.81000	09:19 AM
43	KES	132.50000	134.50000	134.50000	132.50000	08:37 AM
44	AMD	392.60000	392.60000	392.60000	392.60000	07:55 AM
45	TWD	32.52100	32.52200	32.52200	32.52100	10:14 AM
46	XAU	2,384.82000	2,385.10000	2,385.10000	2,384.82000	10:14 AM
47	XAG	28.41820	28.42580	28.42580	28.41820	10:14 AM
48	XPT	930.13100	936.82900	936.82910	930.13100	07:16 PM
49	XPD	1,013.39000	1,020.27000	1,019.25000	1,014.25000	07:15 PM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	07:19 AM
2,213	TZS	2,586.99000	2,587.01000	2,587.01500	2,586.98500	08:25 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	475,634,499.0	23,214,193,723.360	19/04/2024 05:13 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,554,680.0	11,831,374,214.290	19/04/2024 05:13 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,955.0	65,640.0	59,635.0	1,295.00
BRENT CRUDE	EB	87.2	90.8	86.2	0.05
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.2	85.6	81.1	0.06
SUGAR #11 WORLD	SB	19.5	19.8	19.4	-0.09

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