Macter International doubles profit, reaches Rs397mn

February 24, 2025 (MLN): Macter International Limited (PSX: MACTER) reported a remarkable increase in profitability for the six-month period ending December 31, 2024, with a profit after tax of Rs396.92 million, reflecting a 98.01% surge compared to Rs200.45mn in the same period last year (SPLY).

The company's revenue from contracts with customers rose by 35.08% to Rs5.14 billion, up from Rs3.81bn in SPLY, while the cost of sales increased by 26.08% to Rs2.8bn.

As a result, the company achieved a gross profit of Rs2.34bn, a 47.71% improvement from Rs1.58bn in SPLY.

Operating expenses witnessed a significant rise, with selling and distribution expenses increasing by 22.47% to Rs1.34bn, and administrative expenses growing by 38.23% to Rs312.44mn.

The impairment loss on financial assets saw a sharp rise of 331.87% to Rs25.23mn, while other expenses jumped by 180.94% to Rs49.49mn.

Despite this, other income remained stable at Rs39.99mn, a marginal 1.36% increase.

Operating profit surged by 133.93% to Rs649.97mn compared to Rs277.85mn in SPLY.

Finance costs slightly increased by 1.83% to Rs65.3mn.

Consequently, profit before tax recorded a substantial growth of 173.82%, reaching Rs584.67mn from Rs213.52mn in SPLY.

However, income tax expense rose significantly by 1336.17% to Rs187.75mn.

Earnings per share (EPS) for the period stood at Rs8.64, nearly doubling from Rs4.35 in SPLY.

Profit attributable to owners of the holding company surged by 98.72% to Rs395.65mn, while the non-controlling interest declined by 6.17% to Rs1.26mn.

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