LAUGFS Gas Sept quarter net loss widens 88-pct to Rs1.54bn

EconomyNext reports that LAUGFS Gas PLC recorded a group loss of Rs. 1.54 billion in the three months to September 30, 2026, against Rs. 818.2 million in the equivalent period a year earlier. EconomyNext says the basic loss per share was Rs. 3.99, up from Rs. 2.14.

EconomyNext reports group revenue decreased 57% to Rs. 5.71 billion from Rs. 13.16 billion. It says Dubai-based trading subsidiaries SLOGAL Energy DMCC and LYNQ Energy FZCO had contributed over Rs. 6.7 billion in external revenue in the year-earlier quarter, but had no external turnover in the latest period.

EconomyNext reports revenue from the parent’s domestic liquefied petroleum gas business fell 28% to Rs. 4.62 billion from Rs. 6.42 billion, amid interruptions to local supply. The outlet says group cost of sales dropped 52% to Rs. 6.18 billion, while the parent’s costs declined only 8% despite lower volumes, putting pressure on margins.

EconomyNext reports a shift from a gross profit of Rs. 408 million to a gross loss of Rs. 470.9 million, and from an operating profit of Rs. 11.5 million to an operating loss of Rs. 703.8 million. It says selling and distribution expenses decreased 44% to Rs. 119.8 million as dispatch volumes fell, while administrative expenses rose 5% to Rs. 292.5 million.

EconomyNext reports net foreign-currency exchange gains climbed to Rs. 91.4 million from Rs. 23.2 million. It also reports that translation differences on overseas subsidiaries, recorded in other comprehensive income, changed from a gain of Rs. 126.4 million to a loss of Rs. 122.3 million, and total comprehensive loss expanded 157% to Rs. 1.67 billion. Finance costs increased 13% to Rs. 789.4 million as short-term borrowings reached Rs. 24.85 billion.