PSMC continues its journey on a sinking boat

07:58
April 23, 2020
MG

April 23, 2020 (MLN): Pak Suzuki Motor Company has once again incurred losses for the quarter ended March 30, 2020, amounting to nearly Rs. 941 million (LPS: Rs. 11), i.e. 4% lower than the losses of same period last year.

The topline income of the company fell by 48%, owing to the decline in demand witnessed during the period, which in turn was a result of higher prices and economic slowdown.

The finance costs of the company depicted a twofold growth, due to the rise in short-term borrowing requirements from rising inventory levels.

However, the company did receive some relief in the form of tax credit, which amounted to Rs. 384 million during the quarter.

Profit and Loss Account – For the quarter ended March 31, 2020 (Rs'000)

	Mar-20	Mar-19	% Change
Turnover	17,741,496	34,447,138	-48%
Cost of sales	(17,168,590)	(33,328,702)	-48%
Gross Profit	572,906	1,118,436	-49%
Distribution Cost	(320,673)	(742,967)	-57%
Administrative expenses	(577,695)	(622,727)	-7%
Reversal/(provision) of impairment losses	3,250	(3,819)
Finance cost	(1,055,492)	(326,805)	223%
Other operating income	53,392	49,981	7%
Loss from operations	(1,324,312)	(527,901)	151%
Share of loss of equity accounted investee	(1,200)	(739)	62%
Profit before taxation	(1,325,512)	(528,640)	151%
Taxation	384,398	(452,104)
Loss for the period	(941,114)	(980,744)	-4%
Loss per share: basic and diluted	(11)	(12)	-4%

Copyright Mettis Link News

Posted on: 2020-04-23T12:58:00+05:00

34393

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06690	1.06720	1.06720	1.06690	09:40 PM
3	GBP	1.23680	1.23700	1.23700	1.23680	09:40 PM
4	CHF	0.91026	0.91075	0.91074	0.91026	09:49 PM
5	JPY	154.62000	154.63000	154.63000	154.62000	09:40 PM
6	CAD	1.37970	1.38020	1.38020	1.37970	09:40 PM
7	AUD	0.64140	0.64180	0.64180	0.64140	09:40 PM
8	INR	83.37020	83.37070	83.37070	83.37020	08:00 PM
9	SAR	3.75120	3.75140	3.75140	3.75120	06:50 AM
10	AED	3.67220	3.67320	3.67320	3.67220	01:57 AM
11	HKD	7.83130	7.83140	7.83140	7.83130	09:40 PM
12	CNH	7.23884	7.23892	7.23892	7.23884	08:00 PM
13	CNY	7.24030	7.24040	7.24040	7.24030	07:10 PM
14	THB	36.80000	36.82000	36.82000	36.80000	08:00 PM
15	MYR	4.78150	4.78650	4.78650	4.78150	08:00 PM
16	IDR	16,210.30000	16,226.20000	16,226.20000	16,210.30000	08:00 PM
17	SGD	1.36080	1.36180	1.36180	1.36080	09:40 PM
18	NZD	0.58850	0.58910	0.58910	0.58850	09:39 PM
19	MXN	17.08550	17.11550	17.11550	17.08550	09:40 PM
20	TRY	32.48060	32.49060	32.49060	32.48060	08:00 PM
21	SEK	10.89960	10.92770	10.92770	10.89960	09:40 PM
22	ZAR	18.77030	19.81930	19.81933	18.77031	09:40 PM
23	NOK	11.01490	11.02090	11.02090	11.01490	09:40 PM
24	DKK	7.00130	7.00230	7.00230	7.00130	09:39 PM
25	ARS	870.10300	870.11100	870.11115	870.10271	09:49 PM
26	BDT	108.06500	111.44600	111.44612	108.06470	08:00 PM
27	BHD	0.37700	0.37710	0.37710	0.37700	08:32 PM
28	BRL	5.20200	5.20500	5.20500	5.20200	08:00 PM
29	KRW	1,373.58000	1,375.41000	1,375.41000	1,373.58000	08:00 PM
30	KWD	0.30836	0.30846	0.30846	0.30836	01:56 AM
31	LKR	298.75800	305.33300	305.33326	298.75827	08:00 PM
32	OMR	0.38498	0.38515	0.38515	0.38498	01:57 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	01:59 AM
34	RUB	93.20000	94.60000	94.60000	93.20000	08:00 PM
35	AFN	71.00000	73.00000	73.00000	71.00000	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,670.00000	12,740.00000	12,740.00000	12,670.00000	08:00 PM
40	PHP	57.45800	57.68800	57.68800	57.45800	08:00 PM
42	NGN	1,149.00000	1,153.00000	1,153.00000	1,149.00000	08:00 PM
43	KES	133.00000	134.00000	134.00000	133.00000	08:00 PM
44	AMD	392.60000	392.60000	392.60000	392.60000	08:00 PM
45	TWD	32.53300	32.53900	32.53900	32.53300	08:00 PM
46	XAU	2,390.01000	2,391.71000	2,391.71000	2,390.01000	08:00 PM
47	XAG	28.65580	28.68580	28.68580	28.65580	08:00 PM
48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	08:00 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	08:00 PM
2,213	TZS	2,591.49000	2,591.51000	2,591.51500	2,591.48500	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	475,634,499.0	23,214,193,723.360	19/04/2024 05:13 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,554,680.0	11,831,374,214.290	19/04/2024 05:13 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,150.0	65,640.0	59,635.0	490.00
BRENT CRUDE	EB	87.4	90.8	86.2	0.28
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-6.15
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	82.1	85.6	81.1	0.01
SUGAR #11 WORLD	SB	19.6	19.8	19.3	0.03

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