TRG Pakistan Limited (PSX: TRG) has reported a significant turnaround in its financial performance for the first quarter of the fiscal year 2025, achieving a net profit of Rs2.41 billion. This marks a substantial recovery from the Rs9.09 billion loss reported in the same period last year (SPLY). The earnings per share (EPS) for Q1 FY25 reached Rs4.41, compared to a loss per share of Rs15.66 in the corresponding quarter of the previous fiscal year.
After adjustments for items potentially reclassifiable to the profit and loss statement in future periods, TRG’s total comprehensive profit for the July-September 2024 quarter stood at Rs2.31 billion, a major improvement from the Rs8.54 billion comprehensive loss reported in the same period last year.
Key Drivers of Performance
The company’s income statement reflects significant gains linked to the valuation of its equity stake in TRG International Limited (TRGIL). TRG’s share of net profit in TRGIL was recorded at Rs2.99 billion, largely due to the rising public share price of Ibex, one of TRGIL’s key investments, during the period.
