February 26, 2025 (MLN): TPL Trakker Limited (PSX: TPLT) reported a net loss after tax of Rs34.63 million for the half-year ending December 31, 2024, compared to a loss of Rs41.57mn in the same period last year, marking a 16.68% decline.The company's revenue fell by 8.89% to Rs1.47 billion from Rs1.61bn in the corresponding period of the previous year.Meanwhile, the cost of sales remained relatively stable, decreasing by only 0.64% to Rs890.7mn.As a result, gross profit declined by 19.12% to Rs584.7mn.Operating profit also saw a significant drop of 39.94% to Rs157.5mn, reflecting higher expenses and reduced revenue.Distribution expenses fell by 3.75% to Rs67.23mn, while administrative expenses declined by 7.89% to Rs359.98mn.Research and development costs also saw a slight reduction of 5.17%, amounting to Rs45.49mn.Other expenses plunged 96.54% to Rs64,349, but finance costs remained high at Rs212.82mn, though they were down 24.05% from last year.Other income declined 23.27% to Rs55.28mn.The company's loss before tax stood at Rs45.6mn, a stark contrast to the profit of Rs4.22mn in the same period last year.Taxation expenses fell 29.81% to Rs12.27mn, while deferred tax increased significantly to Rs45.71mn from Rs13.51mn.Total comprehensive loss for the period stood at Rs35mn, up 22.15% from Rs28.65mn last year.Earnings per share (EPS) for the period dropped to Rs-0.13 from Rs0.05 in the prior year, reflecting the challenging financial performance.Consolidated Profit and Loss For The Half Year Ended Decmber 31, 2024ParticularsDec-24Dec-24%ChangeTurnover – net1,475,418,8861,619,359,672-8.89%Cost of sales and services(890,699,742)(896,455,117)-0.64%Gross profit584,719,144722,904,555-19.12%Distribution expenses(67,230,221)(69,849,429)-3.75%Administrative expenses(359,983,783)(390,816,597)-7.89%Operating profit157,505,140262,238,529-39.94%Research and development expenses(45,499,012)(47,977,159)-5.17%Other expenses(64,349)(1,859,738)-96.54%Finance costs(212,824,836)(280,212,122)-24.05%Other income55,279,35872,039,364-23.27%(Loss) / Profit before taxation(45,603,698)4,228,874–Taxation(12,269,119)(17,478,711)-29.81%(Loss) for the period(57,872,817)(13,249,837)336.78%Income tax: – Current – for the year(22,476,505)(41,829,400)-46.27%– Deferred45,714,76613,508,634238.41%Total income tax23,238,261(28,320,766)-182.05%(Loss) for the period after tax(34,634,556)(41,570,603)-16.68%Items that may be reclassified to profit or loss: Exchange differences on translation of foreign subsidiary(366,201)12,915,622-102.84%Total comprehensive (loss) / income for the period(35,000,757)(28,654,981)22.15%Profit / (Loss) attributable to: – Owners of the Parent Company(24,567,207)10,159,811-341.81%– Non-controlling interest(10,067,349)(51,730,414)-80.54%Total comprehensive income / (loss) attributable to: – Owners of the Parent Company(24,750,308)16,617,622-248.94%– Non-controlling interest(10,250,449)(45,272,603)-77.36%Total comprehensive income / (loss)(35,000,757)(28,654,981)22.15%Earnings / (Loss) per share – basic and diluted(0.13)0.05-360.00%Copyright Mettis Link NewsPosted on: 2025-02-26T09:24:07+05:00The post TPL Trakker’s loss narrows by 17% despite 9% revenue dip appeared first on Mettis Global Link.