June 8, 2023

Shell faces a tough financial year with PKR 4,762 million loss after tax

The Board of Administrators of Shell Pakistan Restricted (SPL) introduced the primary quarter outcomes for the corporate on 4th Could. The corporate posted a loss after tax of PKR 4,762 million in comparison with the revenue after tax of PKR 2,079 million made in the identical interval final yr.

The interval witnessed devaluation of the Rupee, rising inflation and macroeconomic uncertainty. Continued financial challenges resulted in slowdown in financial exercise, lower in demand and dangers to produce safety for the corporate. Funds and profitability of the corporate additionally continued to be impacted. Nonetheless, SPL was capable of keep its market share.

SPL stays dedicated to operational excellence, security efficiency, to additional strengthen its monetary place, and play a accountable position in society.

Take a look at? Meezan Financial institution pronounces Monetary Outcomes for the quarter ended March 31, 2023

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