Exide Pakistan Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020
January 29, 2021 at 02:18 am EST
Share
Exide Pakistan Limited announced unaudited unconsolidated and consolidated earnings results for the third quarter and nine months ended December 31, 2020. For the quarter, on unconsolidated basis, the company reported net sales were PKR 3,368,206 compared to PKR 1,856,946 a year ago. Operating profit was PKR 91,377 compared to PKR 37,808 a year ago. Profit after taxation was PKR 1,921 or PKR 0.25 per share compared to loss was PKR 93,869 or PKR 12.08 per share a year ago.
For the nine months, on unconsolidated basis, the company reported net sales were PKR 8,165,792 compared to PKR 6,747,677 a year ago. Operating profit was PKR 26,491 compared to PKR 41,370 a year ago. Loss after taxation was PKR 226,177 or PKR 29.11 per share compared to PKR 354,912 or PKR 45.69 per share a year ago.
For the quarter, consolidated basis, the company reported net sales were PKR 3,368,206 compared to PKR 1,856,946 a year ago. Operating profit was PKR 91,366 compared to PKR 37,797 a year ago. Profit after taxation was PKR 1,910 or PKR 0.25 per share compared to loss was PKR 93,880 or PKR 12.08 per share a year ago.
For the nine months, on consolidated basis, the company reported net sales were PKR 8,165,792 compared to PKR 6,747,677 a year ago. Operating profit was PKR 26,456 compared to PKR 41,331 a year ago. Loss after taxation was PKR 226,212 or PKR 29.12 per share compared to PKR 354,951 or PKR 45.69 per share a year ago.
Exide Pakistan Limited is a Pakistan-based company, which is engaged in the manufacturing and sale of batteries, chemicals and acid and also in trading of solar energy systems. The Companyâs batteries are designed to meet the specific needs of the transportation industry operating in Pakistan. This includes automobiles, motorcycles, rickshaws, trucks, sport utility vehicles (SUVs), tractors, marine transport, generators and other applications. The industrial power solutions use batteries for backup. Its batteries are configured to meet varying redundancy and requirements for various industrial applications. Its inverter batteries are designed to provide reliable backup in case of power cuts and voltage fluctuations. The Company offers batteries specially designed to demand reliable power backup. Its battery products include NS55ZL, NS46L, N100Z, EX105, NS90, N80, NS65, N70, CNG50L, and CNG65L. It has manufacturing facilities for batteries and facilities for chemicals and acid.
Exide Pakistan Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020