Pakistan Refinery Ltd states losses of Rs3 billion for 2HFY19

News Image

By MG News | January 30, 2019 at 03:51 PM GMT+05:00

0:00

January 30, 2019 (MLN): Pakistan Refinery Limited has disclosed losses of Rs. 3 billion for the half year ended December 31, 2018, in its earnings report issued to the Pakistan Stock Exchange. These losses were credited to an increase in company’s cost of sales by 46%.

The company also witnessed an increase in its Distribution and Administrative expenses by 15% and 20% respectively. This, however, was offset by relatively larger decrease in company’s non-core expenses by 98%.  

Nonetheless, the increase in finance cost by 139% largely contributed to the deteriorated financial position of the company.

The company reported its Loss per share at Rs. 9.78 for the said period.

Profit and loss account for the half year ended December 31 2018 (Rupees'000)

 

Dec-18

Dec-17

% Change

Revenue

54,625,413

39,552,822

38%

Cost of sales

-56,515,398

-38,611,209

46%

Gross (loss) / profit

-1,889,985

941,613

 

Distribution costs

-117,281

-101,816

15%

Administrative expenses

-212,672

-176,953

20%

Other operating expenses

-1,244

-69,965

-98%

Other income

79,786

66,330

20%

Operating (loss)/ profit

-2,141,396

659,209

 

Finance cost

-607,313

-253,661

139%

Share of (loss)/income of associate accounted for using the equity method

-2,094

568

 

(Loss) / profit before income tax

-2,750,803

406,116

 

Income tax expense

-259,593

-260,851

0%

(Loss) / profit for the period

-3,010,396

145,265

 

Basic (loss)/ earnings per share

-9.78

0.47

 

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,320.00 108,430.00
105,440.00
2570.00
2.43%
BRENT CRUDE 68.00 68.06
66.94
0.89
1.33%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 110.00 110.00
110.00
2.50
2.33%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.33 66.38
65.23
0.88
1.34%
SUGAR #11 WORLD 15.84 15.97
15.77
0.14
0.89%

Chart of the Day


Latest News
July 02, 2025 at 04:35 PM GMT+05:00

Oil gains slightly as market eyes Iran, OPEC+ moves


July 02, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Record Breaker


July 02, 2025 at 03:54 PM GMT+05:00

PKR decreases by 19 paisa against USD


July 02, 2025 at 03:28 PM GMT+05:00

Ahsan Iqbal directs preparations for N-25 project launch


July 02, 2025 at 02:56 PM GMT+05:00

OMO Result: SBP injects Rs1.16tr



Top 5 things to watch in this week

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