Clover Pakistan rebounds in Q1

MG News | October 25, 2024 at 03:44 PM GMT+05:00

0:00

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

Copyright Mettis Link News

Related News

Nishat duo to buy back 285m shares

PPL rejects reports of Artificial Island

PSX Closing Bell: Bulls Keep the Flame Alive

Name	Price/Vol	%Chg/NChg
KSE100	163,018.66 138.30M	0.05% 81.72
ALLSHR	98,973.80 403.59M	0.17% 164.66
KSE30	49,460.79 51.40M	0.03% 14.97
KMI30	233,011.03 39.62M	0.13% 295.18
KMIALLSHR	64,476.20 200.81M	0.14% 88.53
BKTi	44,076.19 19.45M	0.29% 129.30
OGTi	32,306.98 7.87M	0.17% 56.15

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,995.00	88,150.00 81,485.00	-2445.00 -2.83%
BRENT CRUDE	62.54	63.02 62.20	-0.84 -1.33%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.25 0.30%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.15 0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.07	58.80 57.75	-0.93 -1.58%
SUGAR #11 WORLD	14.57	14.74 14.56	-0.09 -0.61%