PIA Performance in 1st Quarter of 2006

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mohammad abdulaziz
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PIA Performance in 1st Quarter of 2006

Post by mohammad abdulaziz »

The following are the PIA results showing on Karachi Stock Exchange Website.

P.I.A.C.(A) May 02, 2006 FINANCIAL RESULT FOR THE QUARTER ENDED 31/O3/2OO6

P.I.A.C.(A) May 02, 2006 LOSS BEFORE TAXATION
RS. IN MILLION (2,996.236)

P.I.A.C.(A) May 02, 2006 LOSS AFTER TAXATION
RS. IN MILLION (3,O8O.435)

The loss for the 1st Quarter of 2006 i.e. 3,080 Million as against last year’s 18 Million Profit despite all the claims of PIA Management of unprecedented improvement in the performance indicators and numerous cost cutting measures is extremely alarming – I believe either it is misprinting or some extra ordinary adjustments have been made.

Anybody knows whether it is a reality or what can be attributed to this colossal loss.
optimist
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Post by optimist »

I have little idea about numbers for PIA, but 3,080 million = 3.08 billion (3 arab Rupay).... I didn't think the numbers could be that big...
There are 10 kinds of people in this world; those who understand binary and those who don't.
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B777240ER
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Location: E.London

Post by B777240ER »

unprecedented improvement in the performance indicator
They only improved because of the reduction in seat prices.