
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.
Pentagon Plans to Withdraw 5,000 US Forces from Germany Senior defense officials revealed on Friday…
Pakistan's macroeconomic conditions are stabilizing with a moderate recovery in growth and improved external buffers.…
Fourteen soldiers were killed on Friday during operations to defuse unexploded ordnance in Iran’s northwestern…
Barcelona coach Hansi Flick hailed Raphinha's return from injury as his team inches closer to…
U.S. Treasury Department Warns of Sanctions for Paying Iran Strait Fees The U.S. Treasury Department…
Dubai government announces enhanced media monitoring measures The Dubai government has introduced stronger media monitoring…
This website uses cookies.