PHDL quarterly profit surges 14-fold

MG News | October 28, 2024 at 03:23 PM GMT+05:00

0:00

October 28, 2024 (MLN): Pakistan Hotels Developers Limited (PSX: PHDL) earned a net profit of Rs232.64 million [EPS: Rs12.92] during the quarter ending September 2024, up 1280.5% from Rs16.85m [EPS: Rs0.94] in the same period last year (SPLY).

That was on the back of other income of Rs201.98m earned in Q1 FY25.

The company's revenue from discontinued operations fell by 53.4% to Rs90m. Gross profit fell 66.0% to Rs23.59m in Q1 FY25.

The gross margins worsened to 30.1% as compared to 41.3% in SPLY.

Copyright Mettis Link News

Related News

Nishat duo to buy back 285m shares

PPL rejects reports of Artificial Island

PSX Closing Bell: Bulls Keep the Flame Alive

Name	Price/Vol	%Chg/NChg
KSE100	163,018.66 138.30M	0.05% 81.72
ALLSHR	98,973.80 403.59M	0.17% 164.66
KSE30	49,460.79 51.40M	0.03% 14.97
KMI30	233,011.03 39.62M	0.13% 295.18
KMIALLSHR	64,476.20 200.81M	0.14% 88.53
BKTi	44,076.19 19.45M	0.29% 129.30
OGTi	32,306.98 7.87M	0.17% 56.15

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,190.00	88,150.00 81,485.00	-2250.00 -2.60%
BRENT CRUDE	62.54	63.02 62.20	-0.84 -1.33%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.25 0.30%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.15 0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.08	58.80 57.75	-0.92 -1.56%
SUGAR #11 WORLD	14.60	14.74 14.59	-0.06 -0.41%