TPL Properties trims losses by 11% in 9MFY25

News Image

MG News | April 24, 2025 at 03:12 PM GMT+05:00

0:00

April 24, 2025 (MLN): TPL Properties Limited (PSX: TPLP) reported a consolidated net loss of Rs1.97 billion [LPS: Rs3.5] for the period ended March 31, 2025, reflecting a 10.5% improvement compared to the loss of Rs2.2bn [LPS: Rs3.92] recorded in the same period last year (SPLY).

While the company continued to report negative income of Rs424.69m, the loss narrowed by 38.52% from Rs690.78m in SPLY.

Direct operating costs rose sharply by 74.73% to Rs115.49m, but the gross loss still contracted by 28.63%, amounting to Rs540.18m versus Rs756.88m in the previous year.

Administrative and general expenses edged up 7.02% to Rs1.06 billion, while finance costs decreased by 9.59%, totaling Rs394.77m. On the positive side, other income surged by 181.57% to Rs80.41m, helping partially offset expenses.

Loss before taxation was recorded at Rs1.92bn, improving 11.17% from Rs2.16bn in the comparable period.

Taxation rose by nearly 30% to Rs46.77m. Consequently, the total comprehensive loss stood at Rs1.97bn, marking a 10.76% reduction year-on-year.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT & LOSS FOR THE PERIOD ENDED MARCH 31, 2025 
Description Mar-25  Mar-24  %Change
Income / (Loss) (424,687,623) (690,780,228) -38.52%
Direct operating costs (115,489,613) (66,096,069) 74.73%
Gross profit / (loss) (540,177,236) (756,876,297) -28.63%
Administrative and general expenses (1,063,635,341) (993,837,499) 7.02%
Finance costs (394,772,972) (436,659,978) -9.59%
Other income 80,409,298 28,557,581 181.57%
Other expenses (1,302,000) (2,143,000) -39.24%
Loss before taxation (1,919,478,252) (2,160,959,193) -11.17%
Taxation (46,772,524) (36,007,735) 29.90%
Loss for the period (1,966,250,776) (2,196,966,928) -10.50%
Other comprehensive income / (loss) for the period 372,000 (5,913,000)  
Total comprehensive income / (loss) for the period (1,965,878,776) (2,202,879,928) -10.76%
Attributable to:      
Owners of the Holding Company (1,965,878,776) (2,202,879,928) -10.76%
Loss per share - basic and diluted (3.5) (3.92) -10.71%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 155,858.48
232.66M
-0.20%
-318.64
ALLSHR 93,385.83
437.37M
-0.25%
-237.26
KSE30 47,851.52
125.11M
-0.40%
-191.53
KMI30 223,719.09
107.59M
-0.60%
-1350.50
KMIALLSHR 60,541.53
227.24M
-0.53%
-324.48
BKTi 45,022.52
54.66M
-0.18%
-79.74
OGTi 32,464.35
8.69M
-1.99%
-658.12
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 69,555.00 71,145.00
69,345.00
-1270.00
-1.79%
BRENT CRUDE 101.02 101.59
96.00
9.04
9.83%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-10.20
-9.31%
ROTTERDAM COAL MONTHLY 121.50 121.50
120.50
-0.35
-0.29%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 95.11 95.97
88.61
7.86
9.01%
SUGAR #11 WORLD 14.22 14.53
14.18
-0.16
-1.11%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg