Karachi October 25 2022: National Refinery Limited (NRL) reported loss of PKR 4,391 million in the first quarter against profit of PKR 405 million in the corresponding period last year, according to company filing to the exchange.
Company’s gross margins plunged to 3 basis points in the first quarter against 585 basis points in the corresponding period.
Finance cost of the refinery jumped to PKR 5,348 million during the period against PKR 1,527 million last year while company booked tax credit of PKR 1,508 million during the year.
