February 20, 2019 (MLN): The Resource Group (TRG)’s losses for the period six months ended on December 2018 have declined by 12% and locked in at Rs 2.5 billion as compared to same period last year. This decline in losses were attributable to increase in topline earnings of about 43.5% and around 77% increase in other operating income.
During the period, considerable increase in finance expenses by 111.3% and higher income tax expenses of around Rs 235 million were observed, but due to impressive increase in revenues enabled the company to lessening its losses.
The loss per share (LPS) of the company for the said period was stated at Rs.0.65 per share.
Consolidated Profit and Loss Account for the Six month ended December 31, 2018 (Rupees in '000')
31-Dec-18
31-Dec-17
% change
Revenue
33,781,144
23,533,751
43.5
Other operating income
313,325
177,267
76.8
Payroll and related costs
20,986,944
17,146,107
22.4
Acquisition expenses
2,863,017
2,006,233
42.7
Depreciation, amortization and other non-cash costs