Lahore: Pakistan Engineering Company Limited reported a substantial financial downturn for the three-month period ending September 30, 2020. The results were released following a meeting held by the company’s directors on June 6, 2026, both in-person in Lahore and via Zoom.

The company's financial disclosures reveal that no cash dividends, bonus shares, or right shares were recommended for the period. Additionally, the company did not announce any other corporate actions or price-sensitive information.

The condensed interim financial statements indicate a notable increase in sales from 75,698,000 rupees in the previous year to 120,013,000 rupees, representing a moderate move. However, this increase was offset by a higher cost of sales, which rose to 134,472,000 rupees from 121,718,000 rupees, resulting in a gross loss of 14,459,000 rupees compared to 46,020,000 rupees the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's operating loss for the period was 50,627,000 rupees, a significant decrease from the prior year's operating loss of 121,718,000 rupees. Finance costs increased slightly to 2,663,000 rupees from 2,015,000 rupees, contributing to a loss before taxation of 53,290,000 rupees.

The loss after taxation amounted to 159,945,000 rupees, a substantial increase from the previous year's loss of 66,169,000 rupees. Consequently, the basic and diluted loss per share was reported at 10.53 rupees, compared to 11.63 rupees the previous year.

The statement of financial position as of September 30, 2020, showed total assets amounting to 15.54 billion rupees, slightly down from 15.55 billion rupees in June 2020. Non-current assets were reported at 14.51 billion rupees, while current assets stood at 713.31 million rupees.

Equity and liabilities included a share capital of 56,902,000 rupees and an accumulated loss of 1.59 billion rupees. Current liabilities were reported at 638.18 million rupees, a rise from 601.64 million rupees at the end of June 2020.

The company's quarterly report for the period ended September 30, 2020, is expected to be transmitted through PUCARS within the specified timeframe, as required under Sections 96 and 131 of the Securities Act, 2015. The designated market category for this announcement is the Pakistan Stock Exchange (PSX).