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.
PIA Performance in 1st Quarter of 2006
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