Pace Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2019
April 25, 2019 at 07:45 am EDT
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Pace (Pakistan) Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended March 31, 2019. For the quarter, on standalone basis, the company reported sales of PKR 57,057,000 compared to PKR 434,333,000 a year ago. Loss for the period was PKR 59,986,000 compared to profit for the period of PKR 128,376,000 a year ago. Basic loss per share attributable to ordinary shareholders was PKR 0.22 compared to basic earnings per share attributable to ordinary shareholders of PKR 0.46 a year ago.
For the nine months, on standalone basis, the company reported sales of PKR 248,544,000 compared to PKR 727,282,000 a year ago. Loss for the period was PKR 446,959,000 compared to PKR 32,239,000 a year ago. Basic loss per share attributable to ordinary shareholders was PKR 1.60 compared to PKR 0.12 a year ago.
For the quarter, on consolidated basis, the company reported sales of PKR 57,058,000 compared to PKR 434,333,000 a year ago. Loss for the period was PKR 42,288,000 compared to profit for the period of PKR 118,101,000 a year ago. Basic loss per share attributable to ordinary shareholders was PKR 0.15 compared to basic earnings per share attributable to ordinary shareholders of PKR 0.42 a year ago.
For the nine months, on consolidated basis, the company reported sales of PKR 248,545,000 compared to PKR 727,282,000 a year ago. Loss for the period was PKR 465,698,000 compared to PKR 20,562,000 a year ago. Basic loss per share attributable to ordinary shareholders was PKR 1.67 compared to PKR 0.07 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.
PACE (PAKISTAN) LIMITED 
