Pakistan Services Ltd’s losses expand by merely 3.2%

Sep-19

Sep-18

% Change

Revenue - net

2,375,049

2,318,334

2.45%

Cost of sales and services

(1,528,589)

(1,509,038)

1.30%

Gross profit

846,460

809,296

4.59%

Other income

52,433

69,312

-24.35%

Administrative expenses

(817,426)

(736,516)

10.99%

Impairment loss on trade debts

(7,222)

21

Operating profit

74,245

142,113

-47.76%

Finance income

64,645

(125,376)

Unrealized gain / (loss) on re-measurement of investment to fair value

(892)

(345)

158.55%

Finance cost

(411,800)

(225,903)

82.29%

Net finance cost

(348,047)

(351,624)

-1.02%

Share of profit in equity accounted investments - net

13,944

3,738

273.03%

Loss before taxation

(259,858)

(205,773)

26.28%

Income tax expense

(82,978)

(126,361)

-34.33%

Loss for the period

(342,836)

(332,134)

3.22%