The after tax loss of Pakistan Refinery Limited has declined to Rs 672.169 million in the first quarter (July-September) of FY10 from Rs 1,390.286 million registered in the corresponding quarter in FY09. The board of directors of the company in its meeting held on Thursday declared that the company's per share loss has reduced to Rs 19.20 in the period under review against Rs 39.72 in the same period last year.
According to the financial results, the company's sales declined to Rs 26.993 billion in this period against Rs 35.525 billion in the same period a year back. The cost of sales also declined to Rs 21.780 billion against Rs 32.397 billion. The company's before tax loss stood at Rs 650.419 million in the first quarter of FY10 against Rs 1,999.549 million recorded in the same quarter in FY09.