PICT faces reduced profit in first half

News Image

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

0:00

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%

 Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 172,441.08
290.68M
1.49%
2529.13
ALLSHR 102,894.10
642.10M
1.50%
1519.49
KSE30 52,307.33
132.14M
1.62%
834.17
KMI30 248,179.02
87.50M
0.86%
2122.71
KMIALLSHR 66,862.48
309.85M
1.01%
666.99
BKTi 48,121.75
81.57M
3.27%
1524.68
OGTi 35,698.41
10.70M
1.41%
496.67
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,820.00 75,310.00
74,645.00
-690.00
-0.91%
BRENT CRUDE 98.13 98.67
97.94
-1.26
-1.27%
RICHARDS BAY COAL MONTHLY 103.25 0.00
0.00
0.15
0.15%
ROTTERDAM COAL MONTHLY 103.50 0.00
0.00
0.35
0.34%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 89.53 90.26
89.38
-5.16
-5.45%
SUGAR #11 WORLD 13.67 13.77
13.55
0.16
1.18%

Chart of the Day


Latest News
April 17, 2026 at 10:58 AM GMT+05:00

Pakistan, IFAD agree to boost agricultural cooperation


April 17, 2026 at 10:41 AM GMT+05:00

Pakistan, Rothschild discuss international market access


April 17, 2026 at 10:35 AM GMT+05:00

Power cuts disrupt Ufone services nationwide


April 17, 2026 at 10:10 AM GMT+05:00

Pakistan gets extension on $3bn Saudi deposit



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg