PAEL’s nine months profits up by 8.99% YoY sepetmber’22

MG News | October 27, 2022 at 04:16 PM GMT+05:00
October 27, 2022 (MLN): Pak Electron Limited (PAEL) declared unaudited financial results for 9MCY22, wherein the company’s profits surged by 8.99% YoY in the nine months ended September’22 to Rs1.50 billion as compared to the same period last year (SPLY).
PAEL’s earnings per share clocked in at Rs1.98, 21.12% lower than Rs2.51 in SPLY.
According to the report issued to PSX, the revenue of the company increased by 36.12% YoY to stand at Rs43.32bn as compared to Rs31.83bn in the corresponding period last year.
Accordingly, the gross profit increased by 22.50% YoY during this period to stand at Rs8.44bn against Rs6.89bn last year, while the cost of sales is up by 39.85% YoY to Rs34.91bn this period.
On the cost front, PAEL’s major expense head i.e., distribution cost swelled by 18.53% YoY to Rs2.37bn while administrative expenses surged by 13.51% YoY.
Meanwhile, the finance costs of the company climbed by 40.71% YoY to Rs2.26bn in 9MCY22.
On the tax front, the effective tax rate was increased by 43.41% YoY in 9MCY22 to Rs692 million as opposed to Rs482mn in SPLY.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 138,597.36 256.32M | -0.05% -68.14 |
ALLSHR | 85,286.16 608.38M | -0.48% -413.35 |
KSE30 | 42,340.81 77.13M | -0.03% -12.33 |
KMI30 | 193,554.51 76.19M | -0.83% -1627.52 |
KMIALLSHR | 55,946.05 305.11M | -0.79% -443.10 |
BKTi | 38,197.97 16.53M | -0.59% -225.01 |
OGTi | 27,457.35 6.73M | -0.94% -260.91 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 117,670.00 | 121,165.00 117,035.00 | -1620.00 -1.36% |
BRENT CRUDE | 69.23 | 70.77 69.14 | -0.29 -0.42% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 66.03 | 67.54 65.93 | -0.20 -0.30% |
SUGAR #11 WORLD | 16.79 | 17.02 16.71 | 0.05 0.30% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|