Pakistan’s Karachi on May 4, 2023, Shell Pakistan Limited’s (SPL) Board of Directors released the company’s first-quarter financial results. In contrast to its profit after taxes of PKR 2,079 million during the same period the previous year, the company reported a loss after taxes of PKR 4,762 million.

The rupee’s depreciation, rising inflation, and macroeconomic unpredictability all occurred during this time. A slowdown in economic activity, a decline in demand, and concerns to the company’s supply security were caused by ongoing economic difficulties. The company’s finances and profitability also kept suffering. SPL, though, was able to keep up its market share.

SPL is still dedicated to operational excellence, safety performance, strengthening its financial position, and taking an active part in society.

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