Mughal Energy Limited Reports Third Quarter Financial Results

Lahore: Mughal Energy Limited held its Board of Directors meeting on October 23, 2024, where the third-quarter financial results for the period ending September 30, 2024, were presented and discussed. The company announced that it will not be issuing any cash dividends, bonus shares, right shares, or any other entitlements or corporate actions deemed price-sensitive.

During the quarter under review, Mughal Energy Limited reported a loss before taxation of Rs 1.27 million, compared to a loss of Rs 10.80 million in the same period last year. The company experienced a significant decrease in administrative expenses, down from Rs 11.56 million last year to Rs 2.18 million this year. Other income for the quarter also saw an increase, amounting to Rs 0.97 million up from Rs 0.88 million in the previous year. However, finance costs remained minimal and nearly unchanged.

According to information available from the Pakistan Stock Exchange (PSX), these results reflect a streamlined operational cost structure but also underscore continuing challenges in achieving profitability. The detailed financial statements, as per “ANNEXURE-A,” will be transmitted through PUCARS in due course, adhering to the regulatory requirements specified.

The company has also complied with disclosure requirements under SRO 143(1)/2012, with a detailed form attached as “ANNEXURE–B.” This form provides necessary disclosures regarding inside information pertinent to shareholders and the regulatory authorities.

The post Mughal Energy Limited Reports Third Quarter Financial Results appeared first on .