Haleon Pakistan's profit after tax soars to Rs4.58bn

February 06, 2025 (MLN): Haleon Pakistan Limited (PSX: HALEON) recorded a massive surge in its earnings for the year ended December 31, 2024, as its profit after tax skyrocketed to Rs4.58 billion [EPS: Rs39.11], compared to a profit of Rs995.59 million [EPS: Rs8.51] in the previous year, reflecting a remarkable growth of 359.85% year-on-year (YoY).

The company declared a final cash dividend of Rs15.00 per share (150%) for the year in addition to the interim cash dividend of Rs5.00 per share (50%) already paid.

The company’s revenue from contracts with customers grew by 17.7% YoY, reaching Rs37.21bn compared to Rs31.61bn in 2023.

Despite a slight decrease of 3.08% in the cost of sales, gross profit jumped by an impressive 98.78% to Rs12.82bn, significantly boosting the company’s overall profitability.

The expense section showed an increase in selling, marketing, and distribution expenses by 13.38%, and a 25.19% rise in administrative expenses.

However, the other income surged by 79.96%, helping the company achieve a solid operating profit of Rs7.71bn, a 270.49% increase from the previous year.

Financial charges saw a decline of 68.12%, contributing further to the bottom line.

On the taxation front, the company faced a significant rise in taxes, with a net tax expense of Rs3.05bn, reflecting an increase of 261.92% YoY.

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