HINOON delivers positive half-year financial performance

MG News | August 28, 2025 at 02:24 PM GMT+05:00

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August 28, 2025 (MLN): Highnoon Laboratories Limited (PSX: HINOON) reported a profit after tax of Rs1.73 billion for the six months ended June 30, 2025, reflecting an 8% increase compared to Rs1.61bn in the same period last year.

The pharmaceutical company’s revenue rose 9.5% year-on-year to Rs13.19bn from Rs12.04bn.

Gross profit grew 21% to Rs7.26bn, while the cost of revenue declined 2% to Rs5.92bn.

Operating profit increased 19% to Rs2.64bn, despite higher expenses across key segments.

Distribution, selling, and promotional expenses rose 20% to Rs3.62bn, while administrative and general expenses climbed 43% to Rs762.30m.

Research and development spending more than quadrupled to Rs49m.

Other income improved 10% to Rs229.11m, while finance costs dropped 48% to Rs59.26m.

Profit before income tax stood at Rs2.81bn, marking a 23% increase from the prior year.

Taxation rose sharply by 59% to Rs1.07bn.

Earnings per share (EPS) for the period came in at Rs32.75, compared to Rs30.32 in the corresponding period last year.

Consolidated Statement of Profit and Loss for the Six Months Ended June 30, 2025 (Rs.)
	Jun-25	Jun-24	%Change
Revenue from contracts with customers	13,185,078,595	12,038,623,150	9.52%
Cost of revenue	(5,924,382,344)	(6,049,957,750)	-2.08%
Gross Profit	7,260,696,251	5,988,665,400	21.24%
Distribution, selling and promotional expenses	(3,623,706,897)	(3,013,118,616)	20.26%
Administrative and general expenses	(762,302,903)	(533,149,451)	42.98%
Research and development expenses	(49,005,540)	(11,425,094)	328.93%
Other operating expenses	(190,446,041)	(220,268,102)	-13.54%
Profit from operations	2,635,234,869	2,210,704,137	19.20%
Other income	229,111,245	208,311,308	9.99%
Finance costs	(59,263,186)	(115,012,470)	-48.47%
Profit before income tax and final tax	2,805,082,928	2,304,002,975	21.75%
Final taxes		(24,178,627)
Profit before income tax	2,805,082,928	2,279,824,348	23.04%
Taxation	(1,069,693,795)	(673,198,453)	58.90%
Profit after tax for the period	1,735,389,134	1,606,625,895	8.01%
Earnings per share - basic and diluted (Rupees)	32.75	30.32	8.01%

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