
National Refinery Limited (NRL) has reported a net loss of Rs7.24 billion (LPS: Rs90.5) for the quarter ending September 2024, marking a significant downturn from the Rs3.2 billion profit (EPS: Rs40.05) it recorded in the same quarter last year. The company’s performance was impacted by rising costs and falling revenues.
NRL’s revenue dropped by 9.3% to Rs66.98 billion, compared to Rs73.83 billion in Q1 2023, while its cost of sales surged by 10.2%, resulting in a gross loss of Rs6.3 billion.
Despite these challenges, other income increased by 39.2%, reaching Rs105.8 million. However, finance costs soared by 97%, reaching Rs2.89 billion, adding to the company’s financial strain.
Administrative expenses remained relatively stable, rising by just 0.2%, but selling and distribution costs more than doubled, increasing by 108.6% to Rs209.68 million.
Federal Constitutional Court Approves Allowance Increase Chief Justice Ameenuddin Khan approved a significant increase in…
Senator Rana Sanaullah reiterated transparency, merit, and accountability as guiding principles for the government. He…
Iranian Deputy Foreign Minister Kazem Gharibabadi stated that Iran believes in diplomacy based on national…
Austrian authorities arrested a 39-year-old man on Saturday suspected of tampering baby food jars with…
Rising River Flows Heighten Flood Risk Water levels in rivers originating from Indian-occupied Jammu and…
Renowned Seraiki poet, Shakir Shujaabadi, admitted to District Headquarters Hospital in Lodhran due to illness.…
This website uses cookies.