Worldcall's loss narrows by 18.6% to Rs446m in Q12024

News Image

By MG News | April 30, 2024 at 11:07 AM GMT+05:00

0:00

April 30, 2024 (MLN): WorldCall Telecom Limited (PSX: WTL) narrowed its losses during the quarter ended March 31, 2024, to Rs446.06 million [LPS: Rs-0.09], compared to a loss of Rs547.77m [LPS: Rs-0.14] in the same quarter last year.

The profit and loss statement shows that the company's top line expanded by 66.8% YoY to Rs1.03bn as compared to Rs614.78m in SPLY.

However, the cost of sales rose by a greater proportion which worsened the gross profit by 46.4% YoY to Rs37.03m in Q12024.

Accordingly, the gross margins of WTL worsened to 3.61% as compared to 11.24% in Q12023.

The operational expenses of the company clocked in at Rs119.37m, up by 3.53% YoY from the costs recorded in the same quarter last year.

Conversely, depreciation and amortization charges reduced 18.81% YoY to Rs217.82m during Q12024.

WTL's other income section recorded a remarkable turnaround, with an inflow of Rs42.9m compared to the Rs83.65m outflow faced in Q12023.

The company’s finance cost went up by 26.1% YoY and stood at Rs176.07m as compared to Rs139.63m in SPLY, mainly due to higher interest rates.

On the tax front, the company paid a higher tax worth Rs12.73m against the Rs9.99m paid in the corresponding period of last year, depicting a rise of 27.4% YoY.

Consolidated (un-audited) Financial Results for quarter ended March 31, 2024 (Rupees in '000)
  Mar 24 Mar 23 % Change
Sales 1,025,321 614,783 66.78%
Cost of sales (988,289) (545,700) 81.10%
Gross Profit/ (loss) 37,032 69,083 -46.39%
Operating costs (119,367) (115,302) 3.53%
Depreciation and amortization (217,821) (268,282) -18.81%
Other Income 42,903 (83,645) -
Finance Cost (176,072) (139,629) 26.10%
Profit/ (loss) before taxation (433,325) (537,775) -19.42%
Taxation (12,731) (9,992) 27.41%
Net profit/ (loss) for the period (446,056) (547,767) -18.57%
Basic earnings/ (loss) per share (0.09) (0.14) -

Amount in thousand except for EPS

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,925.00 108,430.00
105,440.00
2175.00
2.06%
BRENT CRUDE 67.74 68.10
66.94
0.63
0.94%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 108.25 110.00
108.25
0.75
0.70%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.10 66.43
65.23
0.65
0.99%
SUGAR #11 WORLD 15.73 15.97
15.71
0.03
0.19%

Chart of the Day


Latest News
July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola


July 02, 2025 at 04:35 PM GMT+05:00

Oil gains slightly as market eyes Iran, OPEC+ moves


July 02, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Record Breaker



Top 5 things to watch in this week

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