trending Market Intelligence /marketintelligence/en/news-insights/trending/g3s5sxwB4U5x44my4AHGRg2 content esgSubNav
In This List

Treet fiscal Q1 profit falls YOY


Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire


The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges


A Sustainability Framework for Customer and Supplier Credit Risk Management


Lithium Import

Treet fiscal Q1 profit falls YOY

Treet Corp. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 was 88 Pakistani paisa per share, a decrease of 54.5% from 1.93 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 49.2 million rupees, a decrease of 56.7% from 113.7 million rupees in the year-earlier period.

The normalized profit margin fell to 4.8% from 6.7% in the year-earlier period.

Total revenue rose year over year to 1.77 billion rupees from 1.70 billion rupees, and total operating expenses totaled 1.63 billion rupees, compared with 1.62 billion rupees in the prior-year period.

Reported net income decreased 60.8% on an annual basis to 67.6 million rupees, or 1.21 rupees per share, from 172.4 million rupees, or 2.93 rupees per share.

As of Oct. 29, US$1 was equivalent to 103.05 Pakistani rupees.