Tri-Pack Films turns to loss in first half
MG News | August 11, 2025 at 11:09 AM GMT+05:00
August 11, 2024 (MLN): Tri-Pack Films Limited (PSX: TRIPF) released
its financial results for the half-year ended June 30, 2025, posting a loss
after tax of Rs468.2 million, compared to a profit of Rs55.84m in the same
period last year which shows an 8 times decline.
The company’s loss per share stood at Rs12.07, versus an EPS
of Rs1.44 in 1HF24.
Revenue from customers rose by 6% YoY to Rs14.51 billion,
from Rs13.70bn last year.
However, the cost of sales increased by 6% to Rs12.59bn,
resulting in a gross profit of Rs1.93bn, up 4% YoY.
Distribution costs surged by 27% to Rs551.55m, while
administrative expenses rose 10% to Rs391.24m.
Operating profit gained 4% to Rs956.26m and a 123% jump in
other income to Rs172.65m.
Finance costs increased by 89% YoY to Rs1.41bn, pushing the
company into a loss before tax of Rs287.98m, compared to a profit of Rs92.6m in
the prior year.
|
Statement
for profit and loss of the half year ended on June 30, 2025 (Rs in '000') |
|||
|
Description |
1HF25 |
1HF24 |
change % |
|
Revenue from contracts with
customers |
14,511,377 |
13,699,980 |
5.9% |
|
Cost of sales |
(12,585,952) |
(11,856,633) |
6.2% |
|
Gross profit |
1,925,425 |
1,843,347 |
4.5% |
|
Distribution costs |
(551,554) |
(563,647) |
-2.1% |
|
Administrative expenses |
(391,240) |
(356,446) |
9.8% |
|
Charge for expected credit loss |
(26,370) |
(328) |
7939.6% |
|
Operating profit |
956,261 |
922,926 |
3.6% |
|
Other income |
172,647 |
77,272 |
123.4% |
|
Other expenses |
(9,542) |
(17,443) |
-45.3% |
|
Finance cost - net |
(1,407,350) |
(746,359) |
88.6% |
|
(Loss)/Profit before income tax and
levies |
(287,984) |
236,396 |
-221.8% |
|
Levies (minimum and final tax) |
__ |
(143,807) |
|
|
(Loss)/Profit before income tax |
(287,984) |
92,589 |
-411.0% |
|
Income tax - net |
(180,220) |
(36,747) |
390.4% |
|
(Loss)/Profit for the period |
(468,204) |
55,842 |
-938.4% |
|
Other comprehensive income |
— |
— |
|
|
Remeasurement of staff retirement
benefits |
— |
— |
|
|
Total comprehensive income for the
period |
(468,204) |
55,842 |
-938.4% |
|
(Loss)/Earnings per share (Rupees) |
-12.07 |
1.44 |
-938.2% |
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