Exide Pakistan Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Quarter and Six Months Ended September 30, 2020
November 30, 2020 at 02:07 am EST
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Exide Pakistan Limited announced unaudited unconsolidated and consolidated earnings results for the quarter and six months ended September 30, 2020. For the quarter, the company announced Net Sales were PKR 3,065.477 million compared to PKR 2,209.928 million a year ago. Operating income was PKR 68.961 million compared to PKR 103.977 million a year ago. Loss after taxation was PKR 57 million compared to PKR 33.723 million a year ago. Basic loss per share was PKR 0.01 compared to PKR 4.34 a year ago.
For the half year, Net Sales were PKR 4,797.585 million compared to PKR 4,890.731 million a year ago. Operating Loss was PKR 64.887 million compared to profit of PKR 3.562 million a year ago. Loss after taxation was PKR 228.099 million compared to PKR 261.043 million a year ago. Basic loss per share was PKR 29.36 compared to PKR 33.60 a year ago.
For the unaudited consolidated quarterly earnings results the company announced Net Sales were PKR 3,065.477 million compared to PKR 2,209.928 million a year ago. Operating income was PKR 68.947 million compared to PKR 103.960 million a year ago. Loss after taxation was PKR 71 million compared to PKR 33.740 a year ago. Basic loss per share was PKR 0.01 compared to PKR 4.34 a year ago.
For the unaudited consolidated half year earnings results, the company announced Net Sales were PKR 4,797.585 million compared to PKR 4,890.731 million a year ago. Operating Loss was PKR 64.912 million compared to profit of PKR 3.534 million a year ago. Loss after taxation was PKR 228.124 million compared to PKR 261.071 million a year ago. Basic loss per share was PKR 29.36 compared to PKR 33.61 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 
