Service Industries posts above 80% increase in half yearly profits
MG News | August 26, 2025 at 02:52 PM GMT+05:00
August 26, 2025 (MLN): Service Industries Limited (PSX:
SRVI) shared its financial results for the half-year ended June 30, 2025, posting a
profit after tax of Rs7.84bn, compared to Rs4.28bn in the same period last year
which showed an 83.4% increase.
Earnings per share (EPS) rose sharply to Rs96.97, up from
Rs55.87 in 1HFY24.
The company’s net revenue for the period reached Rs70.29bn,
marking a 15.2% growth from Rs61.04bn in the previous year.
Despite this, the cost of sales rose by 19.9% to Rs54.45bn,
leaving gross profit largely stable at Rs15.84bn, a 1.5% increase YoY.
Operating expenses grew notably, with distribution costs
increasing by 24.5% to Rs5.09bn and administrative expenses climbing 25.6% to
Rs2.16bn.
Other expenses also rose 9.9% to Rs569million, resulting in
total expenses of Rs7.82bn, up 23.6% from 1HFY24.
Other income declined by 14.6% to Rs407m, while finance
costs dropped 18.8% to Rs2.89bn.
The share of profit
from equity-accounted investees rose significantly by 78.8% to Rs39.7m.
Profit before taxation decreased by 10.8% to Rs5.52bn. After
accounting for taxation of Rs2.33bn, the company recorded a net profit of
Rs7.84 bn for 1HFY25.
|
CONSOLIDATED STATEMENT OF PROFIT OR
LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 (Rs.000) |
|||
|
Description |
1HFY25 |
1HFY24 |
change% |
|
Continuing
Operations |
|
|
|
|
Revenue
- net |
70,292,205
|
61,037,978
|
15.2% |
|
Cost
of Sales |
(54,447,485) |
(45,427,970) |
19.9% |
|
Gross
Profit |
15,844,720
|
15,610,008
|
1.5% |
|
Distribution
Cost |
(5,092,387) |
(4,091,374) |
24.5% |
|
Administrative
Expenses |
(2,158,711) |
(1,718,484) |
25.6% |
|
Other
Expenses |
(568,641) |
(517,236) |
9.9% |
|
Total
Expenses |
(7,819,739) |
(6,327,094) |
23.6% |
|
Other
Income |
407,416
|
477,007
|
-14.6% |
|
Profit
from Operations |
8,432,397
|
9,759,921
|
-13.6% |
|
Finance
Cost |
(2,885,385) |
(3,552,188) |
-18.8% |
|
|
5,547,012
|
6,207,733
|
-10.6% |
|
Share
of Profit in Equity Accounted Investee - Net of Taxation |
39,666
|
22,188
|
78.8% |
|
Profit
Before Levy and Taxation |
5,586,678
|
6,229,921
|
-10.3% |
|
Levy |
(71,260) |
(48,656) |
46.5% |
|
Profit
Before Taxation |
5,515,418
|
6,181,265
|
-10.8% |
|
Taxation |
2,328,217
|
(1,904,988) |
|
|
Profit
After Taxation |
7,843,635
|
4,276,277
|
83.4% |
|
EARNINGS PER SHARE - BASIC AND
DILUTED (RUPEES) |
96.97 |
55.87 |
73.6% |
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