SGF achieves notable growth in half-year performance
MG News | August 26, 2025 at 12:23 PM GMT+05:00
August 26, 2025 (MLN): Service Global Footwear Limited (PSX: SGF) posted a strong half-year performance, with profit after tax soaring 173.6% YoY to Rs1.14 billion [EPS: Rs5.54] for the period ended June 30, 2025.
Net revenue for SGF increased by 15.13% YoY to Rs9.57bn from
Rs8.31 billion in SPLY, while the gross profit rose by 26.42% YoY to Rs1.84bn.
On the expense side, distribution costs climbed 35.30% YoY
to Rs954.52 million, administrative expenses increased by 19.96% YoY to
Rs429.52m, and other expenses more than doubled to Rs49.15m, up 116.51% YoY.
Other income declined by 17.62% YoY to Rs130.79m.
Finance costs dropped by 29.96% YoY to Rs265.83m, boosting
profit before taxation by 83.76% YoY to Rs269.46m.
A major contributor to SGF’s earnings was the share of
profit from equity-accounted investees, which almost doubled to Rs1.16bn from
Rs592.32m in SPLY, bringing profit before taxation and levy to Rs1.43bn, up
94.11% YoY.
After accounting for levy of Rs41.38m and tax expense of
Rs251.99m, SGF reported a final profit after taxation of Rs1.14bn for the
period.
|
Consolidated Profit and
Loss for the Half Year Ended June 30, 2025 (Rs '000') |
|||
|
Line Item |
Jun-25 |
Jun-24 |
%Change |
|
Revenue |
9,569,456 |
8,311,856 |
15.13% |
|
Cost of Sales |
(7,731,770) |
(6,858,208) |
12.74% |
|
Gross Profit |
1,837,686 |
1,453,648 |
26.42% |
|
Distribution Cost |
(954,520) |
(705,490) |
35.30% |
|
Administrative Expenses |
-429,523 |
-358,044 |
19.96% |
|
Other Expenses |
(49,148) |
(22,700) |
116.51% |
|
Other Income |
130,794 |
158,762 |
-17.62% |
|
Profit Before Finance
Cost |
535,289 |
526,176 |
1.73% |
|
Finance Cost |
(265,832) |
(379,538) |
-29.96% |
|
Profit Before Taxation |
269,457 |
146,638 |
83.76% |
|
Share of Profit of
Equity Accounted Investee (Net of Tax) |
1,164,964 |
592,324 |
96.68% |
|
Profit Before Taxation
and Levy |
1,434,421 |
738,962 |
94.11% |
|
Levy |
(41,384) |
(48,656) |
-14.95% |
|
Profit Before Taxation
(Post-Levy) |
1,393,037 |
690,306 |
101.80% |
|
Taxation |
(251,996) |
(273,261) |
-7.78% |
|
Profit After Taxation |
1,141,041 |
417,045 |
173.60% |
|
Earnings Per Share -
Basic (₹) |
5.54 |
2.03 |
172.91% |
|
Earnings Per Share -
Diluted (₹) |
5.5 |
2.02 |
172.28% |
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