
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.
Sindh Chief Minister Murad Ali Shah underscored on Sunday that the entire country has turned…
In a stark contrast to Brooklyn Beckham’s recent public stance against "Brand Beckham" and what…
India-US Trade Agreement Shifts Global Landscape Last week's interim trade agreement between the United States…
In a display of unity across Punjab, residents turned out in droves for the Basant…
As Super Bowl LX inches closer, interest in Stefon Diggs extends beyond his NFL career…
Pakistan's Civil and Military Leadership Unite on Kashmir Issue ISLAMABAD—Chairman Rana Qasim Noon, head of…
This website uses cookies.