Imperial Limited sees drop in net profit for H1FY25

MG News | April 10, 2025 at 01:26 PM GMT+05:00
April 10, 2025 (MLN): Imperial Limited reported an 8.74% year-on-year decline in net profit for the six-month period ended December 31, 2024.
The company’s profit fell to Rs54.73 million, compared to Rs59.97m in the same period last year, primarily due to a reduction in revenue and operating margins.
Revenue decreased by 12.50% to Rs168.25m from Rs192.28m, leading to a corresponding 12.50% drop in gross profit.
Administrative expenses declined by 12.16% to Rs85.6m, while other operating expenses saw a significant reduction of 99.28%, falling to just Rs5,000.
Despite a 3.76% increase in other operating income to Rs828,000, profit from operations declined by 12.07% to Rs83.47m.
Finance costs rose slightly by 1.18% to Rs86,000, further weighing on earnings.
Profit before taxation dropped 12.08% to Rs83.39m, while taxation decreased by 2.92% to Rs11.05m.
Profit after taxation from continuing operations registered a 13.33% drop to Rs72.33m.
Meanwhile, losses from discontinued operations narrowed by 25.06% to Rs17.61m.
As a result, overall net profit for the period stood at Rs54.73m, down 8.74% year-on-year, with earnings per share falling to Rs0.55 from Rs0.61 in the corresponding period last year, reflecting a 9.84% decline.
Financial Results for the Period Ended December 31, 2024 (Rupee '000") | |||
Particulars | Dec-24 | Dec-23 | %Change |
Revenue | 168,249 | 192,277 | -12.50% |
Gross Profit | 168,249 | 192,277 | -12.50% |
Administrative Expenses | (85,600) | (97,448) | -12.16% |
Other Operating Expenses | (5) | (696) | -99.28% |
Other Operating Income | 828 | 798 | 3.76% |
Profit from Operations | 83,472 | 94,931 | -12.07% |
Finance Cost | (86) | (85) | 1.18% |
Profit Before Taxation | 83,386 | 94,846 | -12.08% |
Taxation | (11,052) | (11,384) | -2.92% |
Profit After Taxation – Continuing Operations | 72,334 | 83,462 | -13.33% |
Loss After Taxation – Discontinued Operations | (17,607) | (23,495) | -25.06% |
Profit After Taxation | 54,727 | 59,967 | -8.74% |
Earnings Per Share – Basic and Diluted (Rs.) | 0.55 | 0.61 | -9.84% |
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