Imperial Limited sees drop in net profit for H1FY25

MG News | April 10, 2025 at 01:26 PM GMT+05:00

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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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