Karachi: Arpak International Investments Limited has released its un-audited condensed interim financial report for the half-year ending December 31, 2024, revealing an operational loss of 1.75 million Pakistani Rupees. This marks a significant downturn from a profit of 5.09 million Rupees recorded in the same period of the previous year. The reduction in rental income, coupled with the absence of dividend income, has been attributed as the primary cause for this financial decline.

The company's financial strategy saw a redirection of funds from mutual funds to other equity investment projects, which were deemed to hold more potential for the company’s interests. However, this shift did not mitigate the overall financial losses. After accounting for the share of loss from associated undertakings, the company has reported a pre-tax loss of 51.39 million Rupees for the period.

In terms of investments, the Board of Directors had previously approved funding into Premier Grain Ethanol Limited, an export-oriented project. However, progress has been delayed due to socio-economic changes in the USA and Europe, impacting the project's timeline and potential returns.

According to information available from the Pakistan Stock Exchange (PSX), the financial report also highlighted the company’s adherence to its previously established accounting policies. The financial risk management strategies have remained consistent with those applied in the audited financial statements for the year ending June 30, 2024. The current economic environment and the company's financial decisions have not resulted in any significant changes in the fair value of its financial assets and liabilities.

As of December 31, 2024, the company’s total assets were valued at approximately 322.70 million Rupees, a decrease from 352.08 million Rupees as of June 30, 2024. The company’s equity stands at 316.06 million Rupees, down from 339.32 million Rupees recorded in the previous audited financials.

The Board of Directors authorized the release of these interim financial statements on February 25, 2025. The Directors have acknowledged the efforts of the company's employees, despite the challenging financial period.

Arpak International Investments Limited operates within the designated market category of financial services.