Pace Limited Announces Consolidated and Company Unaudited Earnings Results for the Period Ended September 30, 2018
November 29, 2018 at 05:29 am EST
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Pace (Pakistan) Limited announced consolidated and company unaudited earnings results for the period ended September 30, 2018. For the period, the company reported, sales were PKR 107,173,000 against PKR 78,301,000 a year ago. Loss before tax was PKR 78,603,000 against loss before tax of PKR 32,959,000 a year ago. Loss for the year was PKR 79,943,000 against loss of PKR 33,938,000 a year ago. Basic loss per share was PKR 0.29 against PKR 0.12 a year ago. Loss from operations was PKR 51,062,000 against PKR 5,126,000 a year ago.
For the period, the company reported, consolidated sales were PKR 107,173,000 against PKR 78,301,000 a year ago. Loss before tax was PKR 85,845,000 against loss before tax of PKR 30,456,000 a year ago. Loss for the year was PKR 86,927,000 against loss of PKR 31,812,000 a year ago. Basic loss per share was PKR 0.31 against PKR 0.11 a year ago. Loss from operations was PKR 51,062,000 against PKR 5,130,000 a year ago.
Pace (Pakistan) Limited is engaged to build, acquire, manage and sell condominiums, departmental stores, shopping plazas, supermarkets, utility stores, housing societies, plot and other properties and to carry out commercial, industrial and other related activities in and out of Pakistan. The Company has various ventures in the real estate and hospitality sectors, including shopping malls, office buildings, business centers, modern housing schemes, apartment complexes and multi-use projects. Its commercial projects include Pace Gulgerg Lahore, Pace MM Alam Road, Pace Model Town, Pace Fortress Stadium, Pace GT Road Gujranwala, Pace GT Road Gujrat and Pace Business Center Lahore. Its residential projects include Pace WoodLand and Pace Towers. Its multi-use projects include Pace Circle Lahore, Pace Towers and Peacock Valley Resort. It manages various plazas, including Gulberg Plaza, Model Town Plaza, Fortress Plaza, MM Alam Road Plaza, Gujranwala Plaza Mouza, Gujrat Plaza and Pace Tower.