trending Market Intelligence /marketintelligence/en/news-insights/trending/JbryMb9K_rO_Lvt3Lueb6Q2 content esgSubNav
In This List

Mirpurkhas Sugar Mills fiscal Q2 profit falls YOY

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries


Next in Tech | Episode 168: AI Data Strategies


Street Talk | Episode 126: Hunting the bears, making the bull case for CRE


Investment Banking Essentials May 15

Mirpurkhas Sugar Mills fiscal Q2 profit falls YOY

Mirpurkhas Sugar Mills Ltd said its normalized net income for the fiscal second quarter ended March 31 amounted to 30,000 rupees, a fall of 100.0% from 62.5 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.0% from 4.9% in the year-earlier period.

Total revenue fell 83.7% on an annual basis to 205.4 million rupees from 1.26 billion rupees, and total operating expenses fell 84.3% on an annual basis to 180.7 million rupees from 1.15 billion rupees.

Reported net income fell 55.4% from the prior-year period to 38.2 million rupees, or 3.11 rupees per share, from 85.7 million rupees, or 6.98 rupees per share.

As of May 27, US$1 was equivalent to 101.97 Pakistani rupees.