TRG Pakistan posts losses

KARACHI: TRG Pakistan Limited has announced a net loss of Rs1.623 billion for the quarter ended September 30, 2017, which is 180 percent higher than the loss of Rs578.865 million posted in the corresponding period previous year.

The loss per share clocked in at Rs1.30 as against Rs0.38 in the corresponding period last year.

The revenues during the period stood at Rs10.79 billion, up 25 percent from the revenues of Rs8.64 billion in the same period last year.

Higher losses can be attributed to higher administrative and general expenses, which stood at Rs3.25 billion as against Rs2.26 billion in the previous year. The finance cost also surged 35 percent to Rs416.824 million during the period under review.