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PK earns Rs 4 billion profit within the first nine months of FY25, as per TRG's statement

TRG Pakistan Limited announces a Rs4 billion profit-after-tax (PAT) in the initial nine months of fiscal year...

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PK earns Rs 4 billion profit within the first nine months of FY25, as per TRG's statement

TRG Pakistan Flips Profit in Staggering Recovery 🚀

In a jaw-dropping about-face, TRG Pakistan Limited posted a whopping Rs4 billion profit-after-tax (PAT) for the first nine months of the current financial year 2024-25, a stark contrast to the massive Rs16.73 billion loss in the same period last year. 💸

The financial titan shared the dramatic development with the Pakistan Stock Exchange (PSX) in a recent notice. 📣

This remarkable turnaround was largely due to a Rs5.26 billion share of profit from its equity-accounted partner, The Resource Group International Limited (TRGIL). 🤝

Interestingly, an arbitrator in the US recently ordered Zia Chishti to cough up $9.1 million to TRG International, a related party. 💼

The earnings per share (EPS) for 9MFY25 now stand at a promising Rs7.36, a far cry from the Rs30.67 loss per share in the previous year. 💰

Founded in 2002 as a public limited company in Pakistan, TRG Pakistan initially secured a license from the Securities And Exchange Commission Of Pakistan (SECP) to operate as a Non-Banking Finance Company and engage in venture capitalist investment. 📜

However, TRG Pakistan endured a rough FY24, recording a colossal Rs30.8 billion loss.

  1. TRG Pakistan's profits have significantly improved, changing from a massive Rs16.73 billion loss in 2023-24 to a whopping Rs4 billion profit-after-tax (PAT) in 2024-25.
  2. The bulk of TRG Pakistan's recent profits came from a Rs5.26 billion share of profit from its equity-accounted partner, The Resource Group International Limited (TRGIL).
  3. In a related development, an arbitrator in the US recently ordered Zia Chishti to pay $9.1 million to TRG International, a related party.
  4. The earnings per share (EPS) for 9MFY25 now stand at a promising Rs7.36, a stark contrast to the Rs30.67 loss per share in the previous year.
  5. TRG Pakistan, initially a non-banking finance company and venture capitalist investor, has undergone a challenging FY24, recording a colossal Rs30.8 billion loss.
Pakistani company TRG Limited records a PAT of Rs4 billion during the initial nine months of the...

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