trending Market Intelligence /marketintelligence/en/news-insights/trending/cHuyAtJRthBbSpWiu6NHTw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Shakarganj fiscal Q1 loss narrows YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


Shakarganj fiscal Q1 loss narrows YOY

Shakarganj Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to a loss of 34 Pakistani paisa per share, compared with a loss of 76 paisa per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 25.9 million rupees, compared with a loss of 52.7 million rupees in the prior-year period.

The normalized profit margin rose to 11.5% from negative 3.3% in the year-earlier period.

Total revenue fell 63.0% on an annual basis to 598.4 million rupees from 1.62 billion rupees, and total operating expenses fell 60.3% on an annual basis to 684.8 million rupees from 1.72 billion rupees.

Reported net income came to 116.7 million rupees, or 1.55 rupees per share, compared to a loss of 98.6 million rupees, or a loss of 1.42 rupees per share, in the year-earlier period.

As of Jan. 29, US$1 was equivalent to 104.89 Pakistani rupees.