Lahore: Pakistan Engineering Company Limited has released its financial results for the six-month period ending December 31, 2023, as documented in a report dated June 8, 2026. The announcement followed a meeting held on June 6, 2026, conducted both in Lahore and via Zoom.

The report indicates that the company did not declare any cash dividend, bonus shares, right shares, or any other entitlements or corporate actions for the period. Additionally, no price-sensitive information was disclosed. The company has attached its Condensed Interim Financial Statements, including the Statement of Profit and Loss, Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows, to the report.

For the six-month period ending December 31, 2023, the company's sales amounted to 12,833,000 rupees, down from 18,051,000 rupees in the same period the previous year, indicating a very large or significant move. The cost of sales was reported at 20,336,000 rupees, resulting in a gross loss of 7,503,000 rupees. Operating expenses, including selling and distribution, administrative, and other operating charges, contributed to an operating loss of 45,852,000 rupees, compared to a loss of 15,120,000 rupees in the prior year.

According to information available from the Pakistan Stock Exchange (PSX), the company's finance costs increased to 6,678,000 rupees from 4,198,000 rupees, leading to a loss before taxation of 52,690,000 rupees. After accounting for taxation, the loss for the period stood at 56,691,000 rupees. The basic and diluted loss per share was reported at 9.96 rupees, up from 3.44 rupees in the previous year, representing a very large or significant move.

The Statement of Financial Position as of December 31, 2023, shows total assets at 14.99 billion rupees, slightly down from 15.02 billion rupees as of June 30, 2023. Non-current assets were reported at 14.40 billion rupees, while current assets stood at 284.28 million rupees. The company's equity and liabilities included a share capital of 56.902 million rupees and an accumulated loss of 2.14 billion rupees.

The financial results will be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the specified time, as required under the Securities Act, 2015.