TPL Properties posts Rs1.9bn loss in three months

MG News | September 25, 2024 at 09:47 AM GMT+05:00

0:00

September 25, 2024 (MLN): TPL Properties Limited (PSX: TPLP) posted a loss after tax of Rs1.9 billion [LPS: Rs3.39] during the quarter ending June 2024, up significantly by 480.5% compared to the loss of Rs327.94 million [LPS: Rs0.6] incurred in the same period last year (SPLY).

Going by the results, 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 Rs3.08bn as compared to an income of Rs242m in SPLY.

On the expense side, the company's administrative and general expenses fell 41.8% from a year ago to Rs329.54m in the fourth quarter of the company financial year.

The company's other income surged 364.4% to stand at Rs414.83m in Q4 FY24 as compared to Rs89.33m in SPLY. Finance cost rose 136.7% and stood at Rs167.92m as compared to Rs70.93m in SPLY.

Unconsolidated (un-audited) Financial Results for quarter ended June 30, 2024 (Rupees in '000)
	Jun 24	Jun 23	% Change
Net Income/ (Loss)	(3,084,780)	242,000	-
Administrative Expenses	(329,542)	(566,063)	-41.78%
Other Gains / (Losses)	1,263,800	-	-
Other Income	414,830	89,328	364.39%
Finance Cost	(167,925)	(70,933)	136.74%
Profit/ (loss) before taxation	(1,903,617)	(319,868)	495.13%
Taxation	-	(8,075)	-100.00%
Net profit/ (loss) for the period	(1,903,617)	(327,943)	480.47%
Basic earnings/ (loss) per share	(3.39)	(0.60)	-

Amount in thousand except for EPS

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,398.71 270.15M	-1.06% -1612.55
ALLSHR	90,084.08 469.39M	-0.93% -849.88
KSE30	45,453.36 99.47M	-1.14% -522.50
KMI30	218,271.12 195.05M	-0.92% -2019.44
KMIALLSHR	58,965.48 294.49M	-0.81% -483.69
BKTi	41,775.34 33.94M	-0.76% -317.96
OGTi	31,328.42 11.96M	-0.61% -192.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,165.00	67,625.00 66,480.00	-15.00 -0.02%
BRENT CRUDE	109.24	109.74 99.08	8.08 7.99%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	113.00	114.50 113.00	-0.40 -0.35%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	112.06	113.97 97.50	11.94 11.93%
SUGAR #11 WORLD	14.96	15.50 14.91	-0.33 -2.16%