Loads Limited reports Rs46mn profit in 1HFY25, reversing Rs364mn loss
MG News | February 20, 2025 at 04:42 PM GMT+05:00
February 20, 2025 (MLN): Loads Limited (PSX: LOADS) has posted a net profit of Rs46 million for 1HFY25, marking a significant turnaround from a net loss of Rs364mn in the corresponding period last year.
The company’s earnings per share (EPS) for the period stood at Rs0.61, a stark contrast to the loss per share of Rs0.91 recorded in 1HFY24.
The financial performance of LOADS was driven by a robust 65% increase in revenue, reaching Rs3 billion compared to Rs1.7bn in 1HFY24.
The company’s cost of revenue rose by 45.6% to Rs2.2bn, but a substantial improvement in gross profit, up by 209% to Rs630mn, helped boost overall profitability.
Operating profit surged 232% to Rs482mn, benefiting from higher sales volumes despite a 59% increase in administrative, selling, and general expenses, which amounted to Rs177mn.
Other income saw a decline of 25.7%, standing at Rs53mn, while financial charges dropped by 25.6% to Rs268.7mn.
This reduction in financial expenses contributed to the company’s return to profitability.
However, the tax burden increased by 9% to Rs167mn.
| Condensed interim consolidated profit and loss (un-audited) for 1HFY25 December 31, 2024 (in Rupees) | 2024 | 2023 | %Change |
| Revenue from contracts with customers - net | 2,799,442,887 | 1,694,216,968 | 65.24% |
| Cost of revenue | (2,169,551,183) | (1,490,323,031) | 45.58% |
| Gross profit | 629,891,704 | 203,893,937 | 208.93% |
| Administrative, selling and general expenses | (176,866,430) | (111,152,147) | 59.12% |
| Other expenses | (24,468,672) | (19,279,047) | 26.92% |
| Other income | 53,324,418 | 71,762,648 | -25.69% |
| Operating profit | 481,881,020 | 145,225,391 | 231.82% |
| Financial charges | (268,734,298) | (361,353,151) | -25.63% |
| Profit / (loss) before taxation | 213,146,722 | (210,676,622) | |
| Taxation | (167,145,095) | (153,502,061) | 8.89% |
| Profit / (loss) after taxation | 46,001,627 | (364,178,683) | |
| Earning / (loss) per share - basic and diluted | 0.61 | (0.91) |
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