Karachi March 1 2022: TRG Pakistan reported significant loss of PKR 23.11 during the second quarter of this financial year as per company filling at the exchange.
Company reported loss of PKR 16.48 billion from equity accounted investee.
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Company also booked gain of PKR 1.6 from dilution gain on equity accounted investee and tax credit of PKR 2.2 billion but these gains fails to compensate for loss from equity accounted investee. TRG booked gain on effect of transaction impact of net investment in foreign associate – net of tax of PKR 860 million.
As a result, company reported loss of PKR 11.7 billion (EPS PKR 23.11) in the second quarter of financial year 2022. In half year total loss is reported at PKR 8.0 billion (EPS PKR 23.06) despite gain of PKR 4.5 billion on effect of translation of net investment in foreign associate.
