TBL suffers Rs331m loss in nine months of FY24

MG News | April 23, 2024 at 02:41 PM GMT+05:00

0:00

April 23, 2024 (MLN): Treet Battery Limited (PSX: TBL) reported its profit and loss statement for the nine months ended March 2024, wherein the loss after tax clocked in at Rs331.26 million [LPS: Rs0.38].

Going by the results, the company's revenue was recorded at Rs6bn. While the cost of sales were Rs4.81bn in 9MFY24.

The gross margins stood at 19.88%.

During the review period, the company earned other income of Rs75.09m

On the expense side, the company incurred administrative expenses and other expenses worth Rs31.07m and Rs2.8m respectively during the review period.

On the taxation front, the company paid a tax worth Rs55.48m in 9MFY24.

Unconsolidated (un-audited) Financial Results for nine months ended March 31, 2024 (Rupees in '000)
	Mar 24	Mar 23	% Change
Sales	6,004,594	-	-
Cost of sales	(4,810,883)	-	-
Gross Profit	1,193,711	-	-
Administrative Expenses	(31,068)	(45)	-
Selling And Distribution Expenses	(607,411)	-	-
Other Income	75,092	111	-
Other Operating Expenses	(2,800)	-	-
Finance Cost	(903,312)	-	-
Profit before taxation	(275,788)	66	-
Taxation	(55,476)	(19)	-
Net profit for the period	(331,264)	47	-
Basic earnings/ (loss) per share	(0.38)	-	-

Amount in thousand except for EPS

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