Air Link profits take off with 14% growth in H1 2025

MG News | February 28, 2025 at 04:43 PM GMT+05:00

0:00

February 28, 2025 (MLN): Air Link Communication Limited (PSX: AIRLINK) posted a 13.56% increase in half-year profits for the period ending December 31, 2024, with profit after tax rising to Rs2.32 billion from Rs2.04bn in the same period last year (SPLY).

Earnings per share (EPS) also grew 13.54%, reaching Rs5.87 compared to Rs5.17 in SPLY.

Revenue from contracts with customers declined by 5.41% to Rs57.31bn, compared to Rs60.59bn in the previous year.

However, the cost of revenue fell by 7.73%, resulting in a 24.46% improvement in gross profit to Rs5.43bn.

Administrative expenses decreased by 19.34% to Rs675.07m, while selling and distribution costs surged by 67.38% to Rs189.09m.

As a result, total expenses dropped 9.03% to Rs864.16m, helping the company achieve an operating profit of Rs4.56bn, a 33.78% increase from Rs3.41bn in SPLY.

Other income saw significant growth of 113.02%, rising to Rs343.27m, while other expenses increased by 23.97% to Rs146.87m.

However, finance costs surged by 53.85% to Rs1.72bn, mainly due to higher borrowing costs.

Profit before tax rose 30.18% to Rs3.05bn, while income tax expenses increased sharply by 144.20%, reaching Rs726.92m.

Despite the higher tax burden, the company's net profit improved by 13.56%, reflecting strong operational performance.

Consolidated Profit and Loss For The Half Year Ended Decmber 31, 2024
Particulars	Dec-24	Dec-23	%Change
Revenue from contracts with customers - net	57,313,891,479	60,594,000,690	-5.41%
Cost of revenue	(51,885,716,229)	(56,232,468,269)	-7.73%
Gross profit	5,428,175,250	4,361,532,421	24.46%
Administrative expense	(675,068,179)	(836,949,787)	-19.34%
Selling and distribution costs	(189,094,192)	(112,974,259)	67.38%
Total Expenses	(864,162,371)	(949,924,046)	-9.03%
Operating profit	4,564,012,879	3,411,608,375	33.78%
Other income	343,269,889	161,142,576	113.02%
Other expense	(146,868,386)	(118,472,106)	23.97%
Finance cost	(1,715,120,312)	(1,114,830,016)	53.85%
Profit before income tax and levy	3,045,575,568	2,339,448,829	30.18%
Levy	-	-
Profit before income tax	3,045,575,568	2,339,448,829	30.18%
Income tax	(726,915,901)	(297,668,075)	144.20%
Profit for the period	2,318,659,667	2,041,780,754	13.56%
Attributable to:
Equity holders of the parent	2,318,659,667	2,041,780,754	13.56%
Earnings per share - Basic and diluted	5.87	5.17	13.54%

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