TPL Properties losses widen four times

MG News | October 28, 2024 at 01:03 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 28, 2024 (MLN): TPL Properties Limited (PSX: TPLP) recorded a net loss of Rs884.33 million [LPS: Rs1.58] during the quarter ending September 2024, up a significant 296.9% from the loss of Rs222.82m [LPS: Rs0.40] in the same period last year (SPLY).

The company's top line, which includes unrealized gain/losses on investments in REIT fund as well as gain/loss on sale of properties, recorded a loss of Rs697.6m as compared to Rs21.2m in SPLY.

Meanwhile, its other income increased by 33.0% to stand at Rs65.85m in Q1 FY25 as compared to Rs49.51m in SPLY.

Unconsolidated (un-audited) Financial Results for quarter ended September 30, 2024 (Rupees in '000)
	Sep 24	Sep 23	% Change
Income/ (loss)	(697,599)	(21,300)	-
Administrative Expenses	(80,858)	(110,181)	-26.61%
Other Income	65,846	49,510	33.00%
Finance Cost	(171,714)	(140,848)	21.91%
Profit/ (loss) before taxation	(884,325)	(222,820)	296.88%
Taxation	-	-	-
Net profit/ (loss) for the period	(884,325)	(222,820)	296.88%
Basic earnings/ (loss) per share	(1.58)	(0.40)	-

Amount in thousand except for EPS

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,220.00	62,310.00 61,925.00	-130.00 -0.21%
BRENT CRUDE	83.32	83.86 77.28	7.31 9.62%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	119.35	119.35 119.35	2.00 1.70%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.07	79.14 77.86	0.93 1.19%
SUGAR #11 WORLD	14.76	14.98 14.62	-0.12 -0.81%