
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.
Britain's parliament is set to vote on Tuesday regarding an inquiry into Prime Minister Keir…
Pakistan's export performance for the first three quarters of fiscal year 2025-26 saw a decline,…
Pakistan's government has approved new transit corridors for goods traded with Iran under the "Transit…
Pasban Democratic Party Chairman Altaf Shakur has warned of a serious threat to Pakistan's future…
Nigeria's Hydrological Services Agency warns of widespread floods in 2026 The Nigeria Hydrological Services Agency…
Archaeologists at the ancient Roman site of Pompeii have employed artificial intelligence for the first…
This website uses cookies.