Karachi, Arpak International Investments Ltd. has officially announced its financial outcomes for the quarter and nine months ending March 31, 2024. The results, endorsed by the company's Board of Directors during their meeting on April 26, 2024, show varied performance across different financial metrics.

In the recently concluded quarter, Arpak International Investments Ltd. reported a net income of PKR 5,765,766, compared to PKR 3,921,394 in the same quarter the previous year. This period saw operating and general expenses amounting to PKR 3,292,503, a reduction from PKR 4,106,731 reported last year. The operating profit for the quarter stood at PKR 2,473,263, marking a recovery from an operating loss of PKR 185,337 in the same quarter of 2023.

Bank charges for the quarter were minimal at PKR 1,082, down from PKR 24,965 last year, contributing to a net operating profit of PKR 2,472,181. However, the standout figure was the share of profit from associated companies, which was reported at PKR 6,718,162, slightly less than the PKR 6,850,454 recorded in the previous year.

Over the nine-month timeframe, the financial scenario depicted more volatility. The company posted an income of PKR 17,843,401, up from PKR 10,021,528 in the prior year. However, a significant provision for impairment in investments of PKR 279,568,386 drastically impacted the financial health, resulting in a substantial net loss before taxation of PKR 205,546,323 compared to a loss of PKR 63,296,348 the previous year.

Post-taxation, the net loss further expanded to PKR 206,877,816, with a loss per share of PKR 51.72, compared to a loss per share of PKR 16.02 in the previous year. These figures reflect the challenges faced in certain investments and the impacts of their valuations on the overall financial standing of the company.