TRG Pakistan announced its half-year 2020 financial results where it earned a significant Net profit of PKR 4.4 billion during the first half of the financial year 2020-21 by reaping emerging business opportunities in the global market.
TRG Pakistan has previously fetched many business deals in Pakistan mainly related to Business Process Outsourcing from various foreign destinations.
The value of its share in TRG International as of 31 December 2020 had increased to PKR 25.7 billion from PKR 21.8 billion, representing an increase of PKR 3.9 billion during the period.
During the period, TRG earned revenue of PKR 81.6 million, while it earned Share of profit from its portfolio comopanies of around PKR 5.158 billion. While Admin expenses were to the tune of PKR25.299 million.
Majority of Share of profit in equity accounted investee came in December Quarter where it stood at PKR 4.2billion.
TRG International, is an associate company of TRG Pakistan which is incorporated in Bermuda having par value and additional paid up share capital of US$0.01 and US$ 0.99 per share respectively. The percentage of the Company’s holding in TRGIL’s
shares is 56.86% (June 30, 2020: 56.86%) with voting power of 45.90% (June 30, 2020: 46.03%).
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