PABC reports 22% profit surge to Rs6bn in 2024

MG News | March 26, 2025 at 10:29 AM GMT+05:00

0:00

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

Name	Price/Vol	%Chg/NChg
KSE100	189,439.73 194.99M	0.43% 817.94
ALLSHR	113,621.78 380.95M	0.31% 356.32
KSE30	58,056.09 57.41M	0.56% 324.73
KMI30	268,248.27 120.03M	0.63% 1676.73
KMIALLSHR	73,107.39 252.26M	0.44% 322.55
BKTi	54,481.08 11.47M	0.27% 149.35
OGTi	39,606.81 12.00M	1.16% 454.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,635.00	89,635.00 87,875.00	-30.00 -0.03%
BRENT CRUDE	64.24	64.30 63.89	-0.68 -1.05%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.85 -2.09%
ROTTERDAM COAL MONTHLY	98.75	98.75 98.75	1.40 1.44%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.83	59.89 59.46	-0.53 -0.88%
SUGAR #11 WORLD	14.73	14.98 14.70	-0.23 -1.54%