PABC reports 22% profit surge to Rs6bn in 2024
MG News | March 26, 2025 at 10:29 AM GMT+05:00
March 26, 2025 (MLN): Pakistan Aluminium Beverage Cans Limited (PSX: PABC) has reported a robust financial performance for the year ended December 31, 2024, posting a profit of Rs6.1 billion, a 21.7% increase from Rs5.02bn in 2023.
The company’s earnings per share also surged to Rs16.9, up from Rs13.9 in the previous year.
PABC’s sales revenue rose 16.9% to Rs23.07bn in 2024, compared to Rs19.73bn in 2023.
The cost of sales increased by 21.1%, reaching Rs14.64bn, resulting in a gross profit of Rs8.43bn, up 10.2% from last year.
Administrative expenses grew moderately by 7.7% to Rs625.47 million, while selling and distribution costs doubled to Rs1.6bn, marking a 101.4% increase.
A significant boost in other income, which soared 376.8% to Rs2.19bn, contributed to the overall profitability, despite a 42.2% rise in finance costs to Rs1.02bn.
Meanwhile, other expenses declined by 13.5% to Rs610.97m.
The company’s profit before tax stood at Rs6.76bn, reflecting a strong 35.2% increase from Rs5bn in the previous year.
| Statement of profit and loss for the year ended 31 December 2024 (Rupees) | 2024 | 2023 | %Change |
| Sales | 23,067,766,232 | 19,735,901,647 | 16.9% |
| Cost of sales | (14,640,075,327) | (12,090,782,766) | 21.1% |
| Gross profit | 8,427,690,905 | 7,645,118,881 | 10.2% |
| Administrative expenses | (625,469,488) | (580,485,420) | 7.7% |
| Selling and distribution cost | (1,604,528,866) | (796,519,132) | 101.4% |
| Other income | 2,194,382,657 | 460,240,554 | 376.8% |
| Other expenses | (610,972,653) | (706,366,505) | -13.5% |
| Finance costs | (1,022,203,466) | (718,630,718) | 42.2% |
| Profit before levies and income tax | 6,758,899,089 | 5,303,357,660 | 27.4% |
| Levies | - | (303,186,043) | |
| Profit before income tax | 6,758,899,089 | 5,000,171,617 | 35.2% |
| Income tax | (654,701,034) | 17,664,278 | |
| Profit for the year | 6,104,198,055 | 5,017,835,895 | 21.7% |
| Earnings per share - basic and diluted | 16.9 | 13.9 |
Copyright Mettis Link News
Related News
_20260315071925394_f6893c.jpeg?width=280&height=140&format=Webp)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 150,681.26 110.23M | -2.07% -3184.91 |
| ALLSHR | 90,649.00 215.20M | -1.81% -1673.41 |
| KSE30 | 46,003.21 64.25M | -2.23% -1050.82 |
| KMI30 | 215,043.63 55.38M | -2.31% -5095.55 |
| KMIALLSHR | 58,499.25 99.42M | -1.90% -1131.19 |
| BKTi | 42,957.89 31.59M | -2.57% -1131.76 |
| OGTi | 30,933.61 2.72M | -2.32% -734.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 73,950.00 | 74,620.00 71,845.00 | 2625.00 3.68% |
| BRENT CRUDE | 105.87 | 106.50 102.04 | 2.73 2.65% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -12.90 -11.49% |
| ROTTERDAM COAL MONTHLY | 122.70 | 0.00 0.00 | 0.65 0.53% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 100.39 | 102.44 96.74 | 1.68 1.70% |
| SUGAR #11 WORLD | 14.41 | 14.53 14.30 | 0.03 0.21% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|