trending Market Intelligence /marketintelligence/en/news-insights/trending/3v5vsnfvBmqKpExVydUraw2 content esgSubNav
In This List

Ghani Automobile Industries fiscal Q3 loss widens YOY

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

LCD Monthly Newsletter: September 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic


Ghani Automobile Industries fiscal Q3 loss widens YOY

Ghani Automobile Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 10 Pakistani paisa per share, compared with a loss of 2 paisa per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 5.1 million rupees, compared with a loss of 1.4 million rupees in the year-earlier period.

The normalized profit margin fell to negative 48.5% from negative 3.8% in the year-earlier period.

Total revenue fell 61.5% on an annual basis to 13.7 million rupees from 35.7 million rupees, and total operating expenses decreased 35.8% on an annual basis to 24.1 million rupees from 37.6 million rupees.

Reported net income totaled a loss of 8.1 million rupees, or a loss of 16 paisa per share, compared to a loss of 2.2 million rupees, or a loss of 4 paisa per share, in the year-earlier period.

As of May 6, US$1 was equivalent to 104.67 Pakistani rupees.