Karachi February 27 2022: National Refinery Limited (NRL) reported loss of PKR 5,484 million in the first half of fiscal year 2023 against profit of PKR 2,550 million in the corresponding period last year, according to company filing to the exchange.
Refinery’s gross margins plunged to 0.1 percent in the first half against 4.95 percent in the corresponding period.
Finance cost of the refinery jumped to PKR 6,197 million during the period against PKR 3,174 million last year while company booked tax credit of PKR 1,813 million during the year.
