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	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	0.00 0.00	-2470.00 -2.11%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	0.00 0.00	-0.66 -1.12%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%