Tri-Pack Films turns to loss in first half

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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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