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.
Heavy snowfall has blanket many hilly areas of the country, severely disrupting daily life. In…
Meghan Markle’s potential return to the United Kingdom has stirred significant anxiety within royal circles,…
Marvel Studios is set to introduce an original Disney+ series titled "Wonder Man," which takes…
The MQM has reiterated its demand for an independent judicial commission to investigate the tragic…
Amber Heard, following her quiet exit from public attention after moving to Spain to focus…
As the Punjab Government marks two years of governance under Chief Minister Maryam Nawaz Sharif…
This website uses cookies.
