Loads Limited reports Rs46mn profit in 1HFY25, reversing Rs364mn loss

MG News | February 20, 2025 at 04:42 PM GMT+05:00

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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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