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

By MG News | April 30, 2024 at 11:07 AM GMT+05:00
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
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|