trending Market Intelligence /marketintelligence/en/news-insights/trending/joCMdSxTbijYzDRx6YSXpw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Clover Pakistan fiscal Q1 loss widens YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Clover Pakistan fiscal Q1 loss widens YOY

Clover Pakistan Ltd said its normalized net income for the fiscal first quarter ended Sept. 30 was a loss of 28 Pakistani paisa per share, compared with a loss of 27 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 2.6 million rupees, compared with a loss of 2.5 million rupees in the year-earlier period.

The normalized profit margin rose to negative 24.0% from negative 24.6% in the year-earlier period.

Total revenue grew 7.0% year over year to 10.9 million rupees from 10.2 million rupees, and total operating expenses grew 6.4% on an annual basis to 15.0 million rupees from 14.1 million rupees.

Reported net income totaled a loss of 4.4 million rupees, or a loss of 47 paisa per share, compared to a loss of 4.3 million rupees, or a loss of 46 paisa per share, in the prior-year period.

As of Oct. 29, US$1 was equivalent to 105.30 Pakistani rupees.