PICT faces reduced profit in first half
MG News | August 26, 2025 at 03:06 PM GMT+05:00
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% |
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,596.07 264.75M | -0.54% -902.76 |
| ALLSHR | 100,017.71 623.24M | -0.46% -463.69 |
| KSE30 | 49,464.92 86.97M | -0.60% -299.08 |
| KMI30 | 238,952.40 97.00M | -0.58% -1388.16 |
| KMIALLSHR | 65,314.16 323.73M | -0.44% -285.47 |
| BKTi | 44,788.98 46.84M | -0.77% -347.65 |
| OGTi | 35,107.09 7.04M | -0.41% -145.22 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 79,165.00 | 81,895.00 78,675.00 | -2455.00 -3.01% |
| BRENT CRUDE | 109.47 | 109.75 106.26 | 3.75 3.55% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -2.95 -2.61% |
| ROTTERDAM COAL MONTHLY | 109.00 | 109.00 108.75 | 1.25 1.16% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.16 | 101.57 97.23 | 4.24 4.37% |
| SUGAR #11 WORLD | 14.78 | 15.07 14.67 | -0.21 -1.40% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Savings Mobilized by National Savings Schemes
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|