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Pakistan Engineering Company reported a quarterly net loss of Rs 32.326 million, compared with a loss of Rs 42.619 million in the same quarter last year. Operating loss and loss per share also narrowed, but sales fell substantially to Rs 9.928 million from Rs 47.562 million. The company recommended no cash dividend, bonus shares, or rights shares.
| Metric | PreviousQuarter ended December 31, 2021 | CurrentQuarter ended December 31, 2022 | Change |
|---|---|---|---|
| Sales | 47,562 | 9,928 | -79.1% |
| Gross (loss) | (36,128) | (9,703) | +73.1% |
| Operating (loss) | (41,092) | (39,057) | +5% |
| (Loss) after taxation | (42,619) | (32,326) | +24.2% |
| Basic and diluted loss per share | (7.49) | (5.68) | +24.2% |
| Finance cost | (2,461) | (2,099) | +14.7% |
| Cash and bank balances | 47,034 | 43,918 | -6.6% |
| Short term borrowing - secured | 71,556 | 71,556 | 0% |
Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
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