PICT faces reduced profit in first half

MG News | August 26, 2025 at 03:06 PM GMT+05:00

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August 26, 2025 (MLN): Pakistan International Container (PSX: PICT) reported a sharp decline in its half-year earnings for the period ended June 30, 2025, with profit after taxation dropping 85.3% YoY to Rs40.59 million [EPS: Rs0.37] compared to Rs276.11m [EPS: Rs2.53] in the same period last year (SPLY).

Going by the results, the company's net revenue stood at Rs5m, while the cost of services amounted to Rs3.6m, resulting in a gross profit of Rs1.4m for the period.

On the expense side, administrative expenses surged 188.58% YoY to Rs103.03m and other expenses rose 92.11% YoY to Rs14.5m.

Finance costs slightly declined by 3.01% YoY to Rs0.16m.

Other income decreased significantly by 64.06% YoY to Rs179.59m.

The company’s profit before tax contracted 86.13% YoY to Rs63.29m.

After accounting for taxation of Rs22.7m, the company reported a final profit after taxation of Rs40.59m for the half year.

Statement of Profit and Loss for the Half Year Ended June 30, 2025 (Rs '000')
Description	Jun-25	Jun-24	%Change
Revenue - net	5,000	–
Cost of services	(3,602)	–
Gross profit	1,398	–
Administrative expenses	(103,031)	(35,703)	188.58%
Other expenses	(14,504)	(7,550)	92.11%
Finance costs	(161)	(166)	-3.01%
Other income	179,591	499,685	-64.06%
Profit before tax	63,293	456,266	-86.13%
Taxation	(22,699)	(180,152)	-87.40%
Profit / (loss) after taxation	40,594	276,114	-85.30%
Earnings / (loss) per ordinary share - basic and diluted	0.37	2.53	-85.38%

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