Century Paper reports 43% drop in half-year profit

News Image

MG News | February 13, 2025 at 10:14 AM GMT+05:00

0:00

February 13, 2025 (MLN): Century Paper & Board Mills Limited (PSX: CEPB) has reported a 43.38% decline in net profit, recording Rs200.6 million for the half-year ended December 31, 2024, compared to Rs354.2mn in the same period last year.

The company's turnover dropped by 10.31% to Rs19.8 billion, down from Rs22.08bn, primarily due to a 10.10% decrease in the cost of sales, which amounted to Rs18bn.

This decline contributed to a 12.33% drop in gross profit, which stood at Rs1.8bn, compared to Rs2.05bn in the previous period.

General and administrative expenses saw a 7.23% increase, while selling and distribution expenses rose 10.56% and 7.17%, respectively.

Despite a 52.61% jump in other income, operating profit declined by 13.15%, totaling Rs1.32bn.

Finance costs remained nearly stable, increasing 0.79% to Rs955.4mn.

However, profit before income tax and levies fell sharply by 35.90% to Rs372.2mn, while profit before income tax stood at Rs261.8mn, marking a 47.67% decline from Rs500.4mn last year.

The company's tax burden eased, with current tax decreasing 19.15% to Rs205.2mn, while deferred tax rose 41.07% to Rs151.8mn.

Earnings per share (EPS) for the period stood at Rs0.50, reflecting a 43.18% decrease from Rs0.88 recorded in the same period last year.

Financial Results For The Half Year Ended Decmber 31,2024
  Dec-24 Dec-23 %Change
Turnover - net 19,803,166 22,078,648 -10.31%
Cost of sales (18,000,566) (20,022,627) -10.10%
Gross profit 1,802,600 2,056,021 -12.33%
General & administrative expenses (517,424) 482,525 7.23%
Selling expenses (55,413) (50,120) 10.56%
Distribution expenses (98,087) (91,528) 7.17%
Other operating charges      
Workers’ Profit Participation Fund (20,002) (31,187) -35.86%
Workers’ Welfare Fund (7,601) (11,851) -35.86%
Others (20,748) (20,283) 2.29%
Other income 244,313 160,093 52.61%
Operating profit 1,327,638 1,528,620 -13.15%
Finance cost (955,392) (947,920) 0.79%
Profit before income tax & levy 372,246 580,700 -35.90%
Levy – Minimum tax differential (110,390) (80,287) 37.49%
Profit before income tax 261,856 500,413 -47.67%
Taxation      
Current (205,168) (253,766) -19.15%
Prior (7,900) -  
Deferred 151,769 107,581 41.07%
Profit for the period 200,557 354,228 -43.38%
Earnings per share (basic & diluted) (Rupees) 0.5 0.88 -43.18%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 184,536.77
110.21M
1.70%
3080.43
ALLSHR 111,041.24
276.97M
1.70%
1858.91
KSE30 56,528.89
44.40M
1.62%
903.22
KMI30 258,750.06
33.76M
1.73%
4407.06
KMIALLSHR 70,846.71
118.73M
1.58%
1103.12
BKTi 53,855.71
20.60M
1.58%
836.94
OGTi 37,585.63
6.98M
1.95%
718.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 95,420.00 96,050.00
95,245.00
65.00
0.07%
BRENT CRUDE 63.62 63.93
63.53
-0.14
-0.22%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-2.00
-2.25%
ROTTERDAM COAL MONTHLY 97.60 98.25
97.60
0.15
0.15%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 58.99 59.30
58.90
-0.09
-0.15%
SUGAR #11 WORLD 14.59 14.68
14.41
-0.09
-0.61%

Chart of the Day


Latest News
January 16, 2026 at 09:57 AM GMT+05:00

Business bodies raise regulatory concerns at SIFC session


January 16, 2026 at 09:49 AM GMT+05:00

Govt approves five major health projects under URAAN Pakistan


January 16, 2026 at 09:39 AM GMT+05:00

NBP issues foreign exchange rates


January 16, 2026 at 09:32 AM GMT+05:00

SBP expands Raast for remittance payments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg