Karachi: Pakistan Elektron Limited (PAEL) profit decreased in 2018’s third quarter.
PAEL profit reached Rs116 million after the decline of 51% in the quarter that ended on September 30.
The Earning Per Share (EPS) of Rs0.21, a report revealed on Tuesday. The PAEL earned Rs240 million with EPS of Rs0.46 in the corresponding quarter finished a year sooner.
The organization did not report any between time money profit for the quarter finished September 30, 2018, a notice to the Pakistan Stock Exchange said. Back cost expanded 13.5% to Rs578 million contrasted with Rs509 million per year sooner.
The expansion in crude material expenses, and the organization’s failure to pass it on, more noteworthy than anticipated rupee degrading against the dollar, higher budgetary charges to finance working capital, and more prominent rivalry because of new participants as main threats for PAEL.