trending Market Intelligence /marketintelligence/en/news-insights/trending/N7Pr87wlF4K3g4T6b2yLKw2 content esgSubNav
In This List

Khyber Tobacco swings to loss in fiscal Q3

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Khyber Tobacco swings to loss in fiscal Q3

Khyber Tobacco Co. Ltd. said its normalized net income for the fiscal third quarter ended March 31 was a loss of 60 Pakistani paisa per share, compared with 6.76 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.8 million rupees, compared with income of 32.5 million rupees in the year-earlier period.

The normalized profit margin fell to negative 2.7% from 14.3% in the year-earlier period.

Total revenue decreased 53.7% on an annual basis to 105.5 million rupees from 227.8 million rupees, and total operating expenses fell 37.4% on an annual basis to 109.8 million rupees from 175.6 million rupees.

Reported net income came to a loss of 258,890 rupees, or a loss of 6 paisa per share, compared to income of 56.2 million rupees, or 11.70 rupees per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 101.72 Pakistani rupees.