Packages Limited 2QCY19 LPS Rs4.94 lower than expectation
Karachi, August 27, 2019: Packages Limited (PKGS) announced 2Q2019 consolidated loss of Rs413 million (LPS Rs4.9/share vs. EPS of Rs8.19 in 2Q018). The result came in below our expectations mainly on the back of higher operating expenses, loss on investment under equity method and high effective taxation. Operating cost of the company was up by…