Clover Pakistan rebounds in Q1

MG News | October 25, 2024 at 03:44 PM GMT+05:00
October 25, 2024 (MLN): Clover Pakistan Limited (PSX: CLOV) rebounded in the first quarter of FY25, posting a net profit of Rs87.69 million [EPS: Rs2.82] as its sales rose.
That compares to a loss of Rs2.78m [LPS: Rs0.09] incurred in the same period last year (SPLY).
The company's revenue jumped to Rs825.44m as compared to Rs6.53m in SPLY. Gross profit increased to Rs102.19m in Q1 FY25.
Unconsolidated (un-audited) Financial Results for quarter ended September 30, 2024 (Rupees in '000) | |||
---|---|---|---|
Sep 24 | Sep 23 | % Change | |
Sales | 825,442 | 6,528 | 12,544.64% |
Cost of sales | (723,254) | (2,861) | 25,179.76% |
Gross Profit/ (loss) | 102,188 | 3,667 | 2,686.69% |
Administrative Expenses | (4,184) | (6,444) | -35.07% |
Profit/ (loss) before taxation | 98,004 | (2,777) | - |
Taxation | (10,318) | - | - |
Net profit/ (loss) for the period | 87,686 | (2,777) | - |
Basic earnings/ (loss) per share | 2.82 | (0.09) | - |
Amount in thousand except for EPS
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