TPL Properties posts Rs1.9bn loss in three months

By 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	133,403.19 324.46M	0.02% 33.04
ALLSHR	83,188.05 1,204.34M	0.13% 106.90
KSE30	40,651.46 104.88M	-0.13% -53.85
KMI30	192,083.92 123.92M	-0.26% -496.76
KMIALLSHR	55,847.70 679.22M	0.02% 11.98
BKTi	36,422.88 17.65M	0.29% 105.71
OGTi	28,437.61 10.77M	-0.37% -105.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,105.00	109,685.00 107,680.00	650.00 0.60%
BRENT CRUDE	70.34	70.68 69.03	0.76 1.09%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.55	68.91 67.33	0.62 0.91%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%