Hascol Petroleum narrows 9-month loss to Rs4bn

Mettis Global reported that Hascol Petroleum’s net loss for the nine months to September 30, 2026, narrowed 19.04% year on year to Rs4.26 billion. Loss per share improved to Rs4.26 from Rs5.26, while net sales rose 11.37% to Rs151.82 billion.

Operating profit advanced 45.67% to Rs1.21 billion, helped by lower distribution and administrative expenses and a shift to a net exchange gain of Rs141.09 million from a loss a year earlier. Finance costs increased 3.49% to Rs5.13 billion and other expenses more than doubled, limiting the improvement; gross profit edged up 1.08% to Rs3.28 billion. Discontinued operations recorded a Rs17.43 million profit, compared with a Rs53.92 million loss in the year-earlier period.