Pakistan Cables reports loss after profitable year

News Image

MG News | April 24, 2025 at 02:09 PM GMT+05:00

0:00

April 24, 2025 (MLN): Pakistan Cables Limited (PCAL) has posted a net loss of Rs260.99 million [LPS: Rs4.79] for the nine-month period ended March 31, 2025, compared to a net profit of Rs254.7m [EPS: Rs4.68] recorded in the same period last year (SPLY).

The company’s revenue from contracts with customers grew by 13.74% year-on-year (YoY) to Rs22.24 billion, up from Rs19.56bn in SPLY.

However, the benefit of higher sales was offset by a 16.93% increase in cost of sales, which rose to Rs19.91bn, squeezing gross profit by 7.68% to Rs2.34bn.

Operating expenses remained under pressure, with marketing, selling, and distribution expenses rising by 11.53% to Rs797.61m, and administrative expenses increasing by 10.31% to Rs281.85m.

A reversal in impairment on trade debts amounting to Rs14.1m provided minor relief, compared to a loss of Rs25.05m in the same period last year.

Finance costs surged 43.87% to Rs1.81bn, reflecting the impact of elevated borrowing costs. Other expenses, however, fell by 57.6% to Rs17.7m.

Meanwhile, other income more than doubled, jumping 157.1% to Rs210.73m, and share of profit from an associate contributed Rs44.5mn.

Despite some positive developments, the company swung to a pre-tax loss of Rs321.54m from a pre-tax profit of Rs302.52m last year.

After accounting for a tax credit of Rs60.56m, the overall loss after tax stood at Rs260.99m.

 STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2025 (Rupees '000)
Description Mar-25 Mar-24 %Change
Revenue from contracts with customers 22,244,659 19,556,911 13.74%
Cost of sales (19,909,571) (17,027,543) 16.93%
Gross profit 2,335,088 2,529,368 -7.68%
Marketing, selling, and distribution expenses (797,614) (715,146) 11.53%
Administrative expenses (281,847) (255,495) 10.31%
Impairment reversal / (loss) on trade debts 14,096 (25,048)  
Total expenses (1,065,365) (995,689) 7.00%
Finance cost (1,811,398) (1,259,016) 43.87%
Other expenses (17,699) (41,747) -57.60%
Total finance and other expenses (1,829,097) (1,300,763) 40.62%
Other income 210,730 81,965 157.10%
Share of profit from associate 44,499 -  
(Loss) / profit before levies and income tax (304,145) 314,881  
Levies - final tax (17,396) (12,363) 40.71%
(Loss) / profit before income tax (321,541) 302,518  
Income tax credit / (expense) 60,555 (47,821)  
(Loss) / profit after tax for the period (260,986) 254,697  
(Loss) / earnings per share - basic and diluted (4.79) 4.68  

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
July 19, 2025 at 04:28 PM GMT+05:00

4.7m families get BISP aid in Punjab


July 19, 2025 at 03:00 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 19, 2025 at 02:49 PM GMT+05:00

RDA attracts $182m in June


July 19, 2025 at 02:49 PM GMT+05:00

M2 falls by Rs455bn in a week



Top 5 things to watch in this week

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