PIBTL reports decline in annual losses owing to exceptional rise in topline earnings

06:08
September 3, 2019
MG

September 3, 2019 (MLN): Pakistan International Bulk Terminal Limited (PIBTL) has reported a decline in its annual losses by 9.8% to Rs 2.3 billion from Rs 2.6 billion incurred last year. The company’s loss per share (LPS) locked in at Rs 1.37, marking a decline of 19.4% from last year’s LPS of Rs 1.7.

The decline in losses largely came from exceptional rise in company’s topline earnings from Rs 1.96 billion to Rs 8 billion. This outstanding growth in company’s net revenues turned gross losses (Rs 816.7 million) in to gross profits (Rs 2.25 billion).

On the other hand, the increase in the company’s major expense heads i.e. admin expenses, Finance cost and other costs by 31.5%, 44% and 217% respectively, dragged company’s earnings in to negative territory, thus, allowed the company to end up with a loss of Rs 2.5 billion before taxes.

Profit and Loss Account for the quarter ended June 30, 2019 ('000 Rupees)
	Jun-19	Jun-18	% Change
Revenue – net	8,004,395	1,960,607	308.26%
Cost of services	(5,747,427)	(2,777,388)	106.94%
Gross profit/(loss)	2,256,968	(816,781)
Administrative expenses	(414,818)	(315,486)	31.49%
Other income	236,452	49,734	375.43%
Finance cost	(1,823,296)	(1,264,601)	44.18%
Other expenses – exchange loss	(2,748,637)	(866,401)	217.25%
Loss before taxation	(2,493,331)	(3,213,535)	-22.41%
Taxation	116,229	578,965	-79.92%
Loss after taxation	(2,377,102)	(2,634,570)	-9.77%
Earnings per share – basic and diluted (Rupees)	(1.370)	(1.700)	-19.41%

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Posted on: 2019-09-03T11:08:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06468	1.06471	1.06471	1.06468	07:22 AM
3	GBP	1.24336	1.24340	1.24340	1.24336	07:22 AM
4	CHF	0.90870	0.90910	0.90910	0.90870	07:22 AM
5	JPY	154.59700	154.60200	154.60200	154.59700	07:22 AM
6	CAD	1.37690	1.37703	1.37703	1.37690	07:22 AM
7	AUD	0.64083	0.64088	0.64088	0.64083	07:22 AM
8	INR	83.46350	83.47100	83.47100	83.46350	07:22 AM
9	SAR	3.75120	3.75140	3.75140	3.75120	04:22 PM
10	AED	3.67220	3.67320	3.67320	3.67220	03:48 PM
11	HKD	7.83248	7.83273	7.83273	7.83248	07:22 AM
12	CNH	7.25019	7.25046	7.25046	7.25019	07:22 AM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.88300	36.90500	36.90500	36.88300	07:22 AM
15	MYR	4.78100	4.78600	4.78600	4.78100	05:48 AM
16	IDR	16,269.30000	16,280.10000	16,280.10000	16,269.30000	07:22 AM
17	SGD	1.36234	1.36245	1.36245	1.36234	07:22 AM
18	NZD	0.58837	0.58841	0.58841	0.58837	07:22 AM
19	MXN	17.38410	17.38910	17.38913	17.38413	07:22 AM
20	TRY	32.59580	32.60580	32.60580	32.59580	07:22 AM
21	SEK	10.96850	10.97750	10.97750	10.96850	07:22 AM
22	ZAR	19.21170	19.21920	19.21922	19.21172	07:22 AM
23	NOK	11.05270	11.05560	11.05557	11.05267	07:22 AM
24	DKK	7.00900	7.01000	7.01000	7.00900	07:22 AM
25	ARS	869.74200	869.75000	869.75012	869.74166	07:22 AM
26	BDT	108.06500	111.44600	111.44612	108.06470	07:19 AM
27	BHD	0.37700	0.37710	0.37710	0.37700	04:21 PM
28	BRL	5.24070	5.24370	5.24370	5.24070	07:20 AM
29	KRW	1,379.98000	1,380.48000	1,380.48000	1,379.98000	07:22 AM
30	KWD	0.30803	0.30860	0.30860	0.30803	04:21 PM
31	LKR	298.75800	305.33300	305.33326	298.75827	07:19 AM
32	OMR	0.38500	0.38506	0.38506	0.38500	04:21 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	04:22 PM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.05620	72.93480	72.93477	71.05622	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,665.30000	12,731.10000	12,731.06402	12,665.31410	07:19 AM
40	PHP	57.61400	57.65600	57.65600	57.61400	07:22 AM
42	NGN	1,123.32000	1,127.32000	1,127.32000	1,123.32000	06:46 AM
43	KES	132.50000	134.50000	134.50000	132.50000	06:46 AM
44	AMD	365.94200	422.29800	422.29841	365.94186	07:19 AM
45	TWD	32.51600	32.52300	32.52300	32.51600	07:22 AM
46	XAU	2,374.14000	2,374.40000	2,374.40000	2,374.14000	07:22 AM
47	XAG	28.18000	28.19080	28.19080	28.18000	07:22 AM
48	XPT	930.85000	932.35000	932.35000	930.95000	04:21 PM
49	XPD	1,001.16000	1,006.81000	1,006.25620	1,001.16130	04:21 PM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	07:19 AM
2,213	TZS	2,584.99000	2,585.01000	2,585.01500	2,584.98500	06:47 AM

Data is delayed by 20 minutes

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Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,307,964.0	13,621,205,896.790	-1	19/04/2024 04:29 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	474,715,664.0	23,166,338,146.300	-1	19/04/2024 04:29 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,153,393.0	11,799,328,788.190	-1	19/04/2024 04:29 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,476,165.0	11,088,575,706.990	-1	19/04/2024 04:29 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,131,232.0	19,909,176,018.560	-1	19/04/2024 04:29 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,771,738.0	1,600,203,536.720	1	19/04/2024 04:29 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,539,834.0	1,833,007,971.040	-1	19/04/2024 04:29 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	65,105.0	65,340.0	59,635.0	1,445.00
BRENT CRUDE	EB	86.3	90.8	86.3	-0.81
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.3	85.6	81.2	-0.80
SUGAR #11 WORLD	SB	19.6	19.8	19.6	0.06

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