PACE Pakistan reports Q1 losses of Rs. 33.93 million

News Image

By MG News | October 26, 2017 at 01:24 PM GMT+05:00

0:00
  • PACE Pakistan sales for the period decreased by 19.46%, amounting to a total of 78 million Rupees during three months ended September, 30th 2017
  • Company’s Gross Profit increased by 42.56% owing to a substantial decline of 31% in cost of sales
  • The company suffered losses worth 33.93 million against last year’s profit of 131 million
  • The company’s earnings per share – basic reached -0.12 rupees in the last three months vs 0.47 in same quarter during 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Three Months Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR’ 000

Sales

78,301

97,226

-19.46%

Cost of Sales

56,072

81,633

-31.31%

Gross Profit

22,229

15,593

42.56%

Admin and Selling Expenses

27,064

32,385

-16.43%

Other Income

7,242

207,797

-96.51%

Other operating expenses

7,533

829

808.69%

Profit/(Loss) from operations

(5,126)

190,176

 

Finance costs

27,833

31,856

-12.63%

Profit/(Loss) before Tax

(32,959)

158,320

 

Taxation

979

26,914

-96.36%

Profit/(Loss) for the year

(33,938)

131,406

 

Total Comprehensive Income/(loss) for the year

(34,018)

131,626

 

basic earnings/(loss) per share

(0.12)

0.47

 

diluted earnings/(loss) per share

(0.12)

0.35

 

Company release on Earnings Report can be accessed here.

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,515.00 106,565.00
105,440.00
765.00
0.72%
BRENT CRUDE 67.13 67.29
67.05
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.45 65.65
65.34
0.00
0.00%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg