PIA in Profit After Four Years of Loss – Earned 1.67 Billion
First Quarter 2014 Results
PIA Losses drops by 77%
Karachi (Wednesday, April 30, 2014) – Pakistan International Airlines (PIA) has again enter into the area of profitability. In last four years PIA only showed loss in its balance sheet.
Prime Minister Muhammad Nawaz Sharif has congratulate the workers of PIA for their commitment and handwork.
Theses result has been declared in the financial report of 1st quarter 2014. This quarter lies from January to March. PIA has wins operation profit of one billion and sixty seven crore rupees.
These result has been announced after the meeting of PIA Board of Directors (BoD).
PIA Financial Highlights
Total Income in last three months = 28 billions
Operating profit in last 3 months = 1.67 billions
Decrease in loss in last three months = 77 percent