Pace Limited Announces Unaudited Interim Unconsolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2018
March 01, 2019
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Pace (Pakistan) Limited announced unaudited interim unconsolidated earnings results for the second quarter and six months ended December 31, 2018. For the quarter, the company reported sales of PKR 84,314,000 against PKR 214,647,000 a year ago. Loss from operations was PKR 273,529,000 against PKR 91,949,000 a year ago. Loss for the period was PKR 307,030,000 against PKR 125,190,000 a year ago. Basic loss per share was PKR 1.10 against PKR 0.45 a year ago.
For the six months, the company reported sales of PKR 191,487,000 against PKR 292,949,000 a year ago. Loss from operations was PKR 324,591,000 against PKR 97,074,000 a year ago. Loss for the period was PKR 386,973,000 against PKR 160,614,000 a year ago. Basic loss per share was PKR 1.39 against PKR 0.58 a year ago.
Pace (Pakistan) Limited is engaged to build, acquire, manage and sell condominiums, departmental stores, shopping plazas, supermarkets, utility stores, housing societies, plot and other properties and to carry out commercial, industrial and other related activities in and out of Pakistan. The Company has various ventures in the real estate and hospitality sectors, including shopping malls, office buildings, business centers, modern housing schemes, apartment complexes and multi-use projects. Its commercial projects include Pace Gulgerg Lahore, Pace MM Alam Road, Pace Model Town, Pace Fortress Stadium, Pace GT Road Gujranwala, Pace GT Road Gujrat and Pace Business Center Lahore. Its residential projects include Pace WoodLand and Pace Towers. Its multi-use projects include Pace Circle Lahore, Pace Towers and Peacock Valley Resort. It manages various plazas, including Gulberg Plaza, Model Town Plaza, Fortress Plaza, MM Alam Road Plaza, Gujranwala Plaza Mouza, Gujrat Plaza and Pace Tower.
PACE (PAKISTAN) LIMITED 
