trending Market Intelligence /marketintelligence/en/news-insights/trending/ucfPPGFTGgqFLplMFXbbQQ2 content esgSubNav
In This List

Husein Sugar Mills swings to loss in fiscal Q2

Podcast

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

Blog

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

Blog

A Sustainability Framework for Customer and Supplier Credit Risk Management

Video

Lithium Import


Husein Sugar Mills swings to loss in fiscal Q2

Husein Sugar Mills Ltd said its normalized net income for the fiscal second quarter ended March 31 came to a loss of 6.38 Pakistani rupees per share, compared with 96 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 108.5 million rupees, compared with income of 16.4 million rupees in the prior-year period.

The normalized profit margin dropped to negative 8.6% from 1.5% in the year-earlier period.

Total revenue rose 15.5% on an annual basis to 1.27 billion rupees from 1.10 billion rupees, and total operating expenses grew 36.5% year over year to 1.42 billion rupees from 1.04 billion rupees.

Reported net income came to a loss of 173.6 million rupees, or a loss of 10.21 rupees per share, compared to a loss of 11.8 million rupees, or a loss of 69 paisa per share, in the prior-year period.

As of May 29, US$1 was equivalent to 101.95 Pakistani rupees.