Karachi April 01, 2022: TRG Pakistan will announce its March quarterly profit and company will book profit of PKR 3,014 million on increase in its investment value in IBEX limited. TRG Pakistan is holding 5.4 million shares of IBEX limited and its share prices increased by 24 percent in this quarter.
It is worth mentioning to note that IBEX share price has declined by 24 Percent in second quarter due to its below expectations financial results and allegations against group founder.
TRG Pakistan is recognizing change in IBEX Limited share price as a gain or loss in income statement and company can book loss of Rupees 3,014 million in this quarter. That will result in positive EPS of above Rupees 5 in this quarter if company books no other extraordinary expense.
IBEX Limited (IBEX) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.05, delivering a surprise of -80%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
IBEX Limited, which belongs to the Zacks Business – Services industry, posted revenues of $132.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 9.57%. This compares to year-ago revenues of $117.18 million. The company has topped consensus revenue estimates just once over the last four quarters.
During the quarter, the company’s board of directors has authorized the repurchase of up to $20 million of the company’s common shares. As of February 15, the company has repurchased $1.3 million of its common shares at an average price of $13.95 per share.
