PCAL sales up 11%, profitability hit with Rs280m loss
MG News | August 20, 2025 at 01:12 PM GMT+05:00
August 20, 2025 (MLN): Pakistan Cables Limited (PSX: PCAL) reported a loss after tax of Rs280.60 million (LPS: Rs5.15) for the year ended June 30, 2025, compared to a profit of Rs208.86m (EPS: Rs3.84) in the previous year.
The
company’s revenue increased by 11.2% to Rs29.09 billion from Rs26.17bn
in FY24. However, the cost of sales also surged by 14.3%, outpacing
revenue growth.
As a
result, gross profit fell by 10.0% to Rs3.03bn.
Marketing,
selling, and distribution costs decreased slightly by 2.3% to Rs973.7m,
while administrative expenses rose marginally by 1.4% to Rs372.8m.
The company also booked an impairment reversal of Rs8.05m on trade
debts, compared to a charge of Rs52.03m last year.
Despite
these adjustments, the company posted an operating loss of Rs1.34bn,
widening by 5.5% from last year’s Rs1.41bn.
Finance
costs increased by 40.0% to Rs2.43bn, while other operating
charges also rose sharply by 37.7% to Rs2.45bn. On the positive
side, other income jumped by 147.9% to Rs350.8m.
The company
recorded a loss before levies and income tax of Rs367.6m, compared to a
profit of Rs308.4m in the prior year. After accounting for minimum tax
levies of Rs19.85m, the loss before income tax widened to Rs387.5m.
The company
also recorded a deferred tax credit of Rs106.9m.
|
STATEMENT OF PROFIT OR
LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000) |
|||
|
Description |
FY25 |
FY24 |
change% |
|
Revenue from contracts
with customers |
29,088,373 |
26,167,037 |
11.2% |
|
Cost of sales |
(26,062,253) |
(22,803,640) |
14.3% |
|
Gross Profit |
3,026,120 |
3,363,397 |
-10.0% |
|
Marketing, selling and
distribution costs |
(973,688) |
(997,014) |
-2.3% |
|
Administrative expenses |
(372,825) |
(367,607) |
1.4% |
|
Impairment reversal /
(loss) on trade debts |
8,050 |
(52,034) |
|
|
Operating Loss |
(1,338,463) |
(1,416,655) |
-5.5% |
|
Finance cost |
(2,432,248) |
(1,737,453) |
40.0% |
|
Other expenses |
(18,736) |
(42,355) |
-55.8% |
|
Other Operating Charges |
(2,450,984) |
(1,779,808) |
37.7% |
|
Other income |
350,775 |
141,493 |
147.9% |
|
Share of profit from
associate (equity method) |
44,921 |
– |
|
|
(Loss) / Profit Before
Levies and Income Tax |
(367,631) |
308,427 |
|
|
Levies – Minimum tax |
(19,854) |
(17,394) |
14.1% |
|
(Loss) / Profit Before
Income Tax |
(387,485) |
291,033 |
|
|
Income tax credit /
(expense) |
106,884 |
(82,175) |
|
|
(Loss) / Profit After Tax
for the Year |
(280,601) |
208,858 |
|
|
(Loss) / Earnings per
share – basic and diluted |
(5.15) |
3.84 |
|
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