trending Market Intelligence /marketintelligence/en/news-insights/trending/GTqgfHE7SwXcDsCKl72z_Q2 content esgSubNav
In This List

Ghani Automobile Industries fiscal Q1 loss widens YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Podcast

MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Blog

Global M&A by the Numbers Q4 2023

Blog

Banking Essentials Newsletter 21st February Edition


Ghani Automobile Industries fiscal Q1 loss widens YOY

Ghani Automobile Industries Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 27 Pakistani paisa per share, compared with a loss of 3 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 13.4 million rupees, compared with a loss of 1.7 million rupees in the prior-year period.

The normalized profit margin dropped to negative 61.7% from negative 3.6% in the year-earlier period.

Total revenue decreased 48.6% on an annual basis to 24.2 million rupees from 47.2 million rupees, and total operating expenses increased 5.7% year over year to 45.4 million rupees from 43.0 million rupees.

Reported net income came to a loss of 21.4 million rupees, or a loss of 43 paisa per share, compared to a loss of 2.7 million rupees, or a loss of 5 paisa per share, in the year-earlier period.

As of Nov. 12, US$1 was equivalent to 105.42 Pakistani rupees.