PRECISION AIR SERVICES PLC (PAL) — FY 2023
Earnings report for PRECISION AIR SERVICES PLC (PAL) for FY 2023 (iliyotolewa 7 Nov 2024). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- The Group reported a net loss of TZS 57.4 billion for the year ended 31 December 2023, reversing from a TZS 5.9 billion profit in 2022.
- Total revenue for FY 2023 increased to TZS 134.7 billion, up from TZS 117.7 billion in FY 2022.
- Current liabilities exceeded current assets by TZS 537.5 billion as of 31 December 2023 (2022: TZS 485.9 billion).
- The Group was in a shareholders' deficit position of TZS 491.2 billion as of 31 December 2023 (2022: TZS 433.8 billion).
- Earnings per share declined to a loss of (357.58) TZS in FY 2023 from a profit of 36.86 TZS in FY 2022.
- Total borrowings amounted to TZS 435.3 billion as of 31 December 2023, with the company having defaulted on debt obligations.