TRG Pakistan posts Rs2.41bn profit

MG News | October 29, 2024 at 09:23 AM GMT+05:00

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October 29, 2024 (MLN): TRG Pakistan Limited (PSX: TRG) reported its profit and loss statement for the first quarter of FY25, wherein the net profit clocked in at Rs2.41 billion compared to a loss of Rs9.09bn in the same period last year (SPLY).

That translates to earning per share of Rs4.41 as against a loss per share of Rs15.66 in SPLY.

After accounting for Items that may be reclassified to statement of profit or loss in subsequent periods, the total comprehensive profit for the July-September quarter stood at Rs2.31bn compared to a loss of Rs8.54bn in SPLY.

The income statement was primarily driven by the changes in value of its share in TRGIL.

TRG's share of the net profit in its equity accounted investee, TRGIL, was Rs2.99bn for the quarter, likely because of the increase in the public share price of Ibex during the period.

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