Descon Oxychem profit jumps 70%
MG News | September 04, 2025 at 10:21 AM GMT+05:00
September 04, 2025 (MLN): Descon Oxychem Limited (PSX: DOL) released its financial results for the year ended June 30, 2025, posting a net profit of Rs860.16 million, up 69.7% from Rs507.01m reported in FY24. Earnings per share (EPS) also increased to Rs4.91 from Rs2.90 last year.
The company’s sales rose 4.5% to Rs5.99bn compared to Rs5.74bn in FY24. Cost of sales, however, declined 7.9% to Rs4.22bn, resulting in a gross profit of Rs1.78bn, up 54.1% YoY.
Cash dividend was given at Rs2 per share.
Administrative expenses climbed 29.4% to Rs250m,
while distribution and selling costs edged up 2% to Rs194m. Despite this,
operating profit rose sharply by 73.2% to Rs1.33bn from Rs770m.
Other operating expenses increased 87.2% to Rs121m,
but finance cost fell 58% to Rs10m. Other income, however, declined by 38.6%
to Rs106m.
Profit before levy and taxation stood at Rs1.31bn, a 53.2%
increase from last year. After levy of Rs15m, the company reported a profit
before taxation of Rs1.29bn, up 56.8% YoY.
Following deferred tax adjustments, Descon closed the year
with net earnings of Rs860m, attributable entirely to equity holders of
the parent company.
|
CONSOLIDATED
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000) |
|||
|
Description |
FY25 |
FY24 |
change% |
|
Sales |
5,998,848 |
5,738,033 |
4.5% |
|
Cost of
sales |
(4,220,100) |
(4,583,920) |
-7.9% |
|
Gross
Profit |
1,778,748 |
1,154,113 |
54.1% |
|
Administrative
expenses |
(250,287) |
(193,433) |
29.4% |
|
Distribution
and selling costs |
(194,457) |
(190,576) |
2.0% |
|
Operating
Profit |
1,334,004 |
770,104 |
73.2% |
|
Other
operating expenses |
(120,968) |
(64,624) |
87.2% |
|
Finance
cost |
(10,031) |
(23,837) |
-57.9% |
|
Other
income |
105,991 |
172,613 |
-38.6% |
|
Profit
before Levy and Taxation |
1,308,996 |
854,256 |
53.2% |
|
Levy /
final taxation |
(15,599) |
(29,280) |
-46.7% |
|
Profit
before Taxation |
1,293,397 |
824,976 |
56.8% |
|
-
Income tax |
(505,655) |
(305,991) |
65.3% |
|
-
Deferred tax |
72,420 |
(11,971) |
|
|
Net
Profit for the Year |
860,162 |
507,014 |
69.7% |
|
Profit
attributable to: |
|||
|
Equity
holders of the Parent Company |
860,162 |
507,014 |
69.7% |
|
Non
controlling interest |
- |
- |
|
|
Earnings
per Share - Basic and Diluted |
4.91 |
2.9 |
69.3% |
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