Lahore: Pakistan Engineering Company Limited has announced its financial results for the six months ending December 31, 2019, according to a report shared on June 8, 2026. In a meeting conducted on June 6, 2026, both in Lahore and via Zoom Workplace, the company's directors disclosed that there will be no cash dividends, bonus shares, right shares, or any other entitlements or corporate actions for this period.
The financial statements for this period, which include the Statement of Profit and Loss, Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows, have been attached as annexures to the company's announcement. The half-yearly report will be made available through PUCARS as required by the Securities Act, 2015.
According to the Statement of Changes in Equity, the company reported an accumulated loss of 1.43 billion rupees as of December 31, 2019, compared to a loss of 1.33 billion rupees at the start of the period on July 1, 2019. The total equity decreased to 13.10 billion rupees from 13.20 billion rupees over the same period.
The cash flow statement reveals the company's operational challenges. Net cash used in operating activities amounted to 27,650 rupees, compared to cash generated of 28,172 rupees in the corresponding period of the previous year. The net cash used in investing activities was 247 rupees, down from 62,672 rupees in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), Pakistan Engineering Company Limited operates within the designated market category of engineering. The company's financial results reflect the absence of dividends or bonuses, coupled with its efforts to manage operational and financing activities amidst ongoing financial pressures.
The company reported a net decrease in cash and cash equivalents of 27,897 rupees, with cash and cash equivalents standing at 16,880 rupees at the end of the period. This marks a significant move compared to the previous year's position of 9,738 rupees.