PIA Holding Company Limited (PIAHCLA): Higher finance cost continues to hurt profitability – By JS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PIA holding Company Limited (PIACHLA) held its corporate briefing yesterday to discuss CY24 results and outlook. To recall, the company reported consolidated net loss of Rs15bn for CY24, compared to a loss of Rs91bn in CY23.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Management attributed the decline in losses due to lower cost of sales owing to lower jet fuels prices and a significant decrease in finance costs.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Meanwhile, the government has expedited the privatization process of PIA, with five groups expressing interest in Jun-25, four shortlisted in Jul-25, currently in due diligence, and final bids ex...