Imperial Limited sees drop in net profit for H1FY25

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.

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