PIBTL bounces back from losses in 1HFY24

15:20
February 27, 2024

February 27, 2024 (MLN): Pakistan International Bulk Terminal Limited (PSX: PIBTL) achieved a significant turnaround in the first half of fiscal year 2024, with its profits surging to Rs1.06 billion [EPS: Rs0.59] compared to a loss of Rs232.33m [LPS: Rs0.13] in the same period last year (SPLY).

The company reported a net revenue of Rs8.07bn, compared with Rs5.86bn a year earlier, according to the financial statement made available by the company on the local bourse on Tuesday.

The cost of services rose at a slower pace of 11.8%, boosting the gross profit margin to 38.5% from 24.2%.

Other income grew 24% YoY to Rs108.63m. Finance costs, however, climbed 28.6% YoY to Rs1.07bn, mainly due to higher interest rates.

On the taxation front, the company paid Rs883.8m, as against a tax credit of Rs78.16m received in SPLY.

Unconsolidated (un-audited) Financial Results for half year ended December 31, 2023 (Rupees in '000)
	Dec 23	Dec 22	% Change
Sales	8,072,185	5,861,930	37.71%
Cost of services	(4,965,236)	(4,441,248)	11.80%
Gross Profit	3,106,949	1,420,682	118.69%
Administrative Expenses	(317,333)	(313,485)	1.23%
Other Gains / (Losses)	108,177	(676,281)	–
Other Income	108,632	87,598	24.01%
Finance Cost	(1,066,029)	(828,999)	28.59%
Profit before taxation	1,940,396	(310,485)	–
Taxation	(883,861)	78,158	–
Net profit for the period	1,056,535	(232,327)	–
Basic earnings/ (loss) per share	0.59	(0.13)	–

Amount in thousand except for EPS

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Posted on: 2024-02-27T15:09:12+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.50000	278.70000	278.70000	278.50000	01:01 PM
2	EUR	1.07710	1.07740	1.07740	1.07710	12:18 PM
3	GBP	1.25470	1.25490	1.25490	1.25470	12:18 PM
4	CHF	0.90477	0.90524	0.90524	0.90477	12:31 PM
5	JPY	153.04000	153.07000	153.07000	153.04000	12:18 PM
6	CAD	1.36660	1.36710	1.36710	1.36660	12:18 PM
7	AUD	0.65990	0.66030	0.66030	0.65990	12:18 PM
8	INR	83.38040	83.38090	83.38090	83.38040	08:00 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	04:59 PM
10	AED	3.67230	3.67330	3.67330	3.67230	01:57 AM
11	HKD	7.81230	7.81290	7.81290	7.81230	12:18 PM
12	CNH	7.16240	7.16440	7.16440	7.16240	11:59 PM
13	CNY	7.24010	7.24210	7.24210	7.24010	08:21 PM
14	THB	36.77700	36.82700	36.82700	36.77700	11:59 PM
15	MYR	4.73750	4.74250	4.74250	4.73750	08:00 PM
16	IDR	15,951.20000	15,986.20000	15,986.20000	15,951.20000	04:18 AM
17	SGD	1.34850	1.34950	1.34950	1.34850	12:18 PM
18	NZD	0.60090	0.60140	0.60140	0.60090	10:59 AM
19	MXN	16.95750	16.98730	16.98730	16.95750	12:18 PM
20	TRY	32.35170	32.35570	32.35570	32.35170	11:59 PM
21	SEK	10.64380	10.93140	10.93138	10.64377	12:18 PM
22	ZAR	18.49420	18.52390	18.52395	18.49419	12:18 PM
23	NOK	10.76250	11.00760	11.00764	10.76247	12:18 PM
24	DKK	6.92940	6.93040	6.93040	6.92940	10:59 AM
25	ARS	877.73000	877.73900	877.73880	877.73045	12:30 PM
26	BDT	107.77400	111.11500	111.11524	107.77370	11:59 PM
27	BHD	0.37706	0.37711	0.37711	0.37706	10:40 PM
28	BRL	5.07090	5.07390	5.07390	5.07090	04:18 AM
29	KRW	1,354.43000	1,357.66000	1,357.66000	1,354.43000	04:18 AM
30	KWD	0.30700	0.30760	0.30760	0.30700	12:11 AM
31	LKR	293.16400	299.66100	299.66121	293.16378	11:59 PM
32	OMR	0.38473	0.38523	0.38523	0.38473	01:57 AM
33	QAR	3.64500	3.64700	3.64700	3.64500	01:59 AM
34	RUB	90.67000	92.54000	92.54000	90.67000	08:00 PM
35	AFN	71.22110	73.07750	73.07746	71.22105	11:59 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:41 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.23000	15.27000	15.27000	15.23000	08:00 PM
39	UZS	12,602.20000	12,667.20000	12,667.19265	12,602.21841	11:59 PM
40	PHP	57.04300	57.08400	57.08400	57.04300	08:00 PM
42	NGN	1,382.00000	1,383.00000	1,383.00000	1,382.00000	08:00 PM
43	KES	130.73700	133.52200	133.52207	130.73746	11:59 PM
44	AMD	359.02900	414.72100	414.72131	359.02910	11:59 PM
45	TWD	32.27690	32.30690	32.30690	32.27690	04:18 AM
46	XAU	2,301.85000	2,303.29000	2,303.29000	2,301.85000	09:53 AM
47	XAG	26.54090	26.57920	26.57920	26.54090	09:53 AM
48	XPT	955.38200	961.13800	961.13830	955.38170	02:00 AM
49	XPD	945.75000	953.75000	953.75000	945.75000	01:59 AM
2,120	VES	36.41860	36.50910	36.50906	36.41863	08:00 PM
2,212	UGX	3,731.38000	3,814.92000	3,814.91623	3,731.37792	11:59 PM
2,213	TZS	2,541.24000	2,634.06000	2,634.05579	2,541.23544	11:59 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,986.43	71,902.092	70,671.72	1,244.452	1.761	228,543,691.0	16,351,097,674.040	03/05/2024 05:12 PM
ALLSHR	46,973.64	46,919.981	46,190.08	769.667	1.668	449,041,729.0	24,485,442,786.780	03/05/2024 05:12 PM
KSE30	23,628.97	23,594.850	23,138.86	360.770	1.553	123,084,613.0	13,421,080,810.360	03/05/2024 05:12 PM
KMI30	121,496.66	121,311.737	118,979.86	2,551.949	2.149	138,839,761.0	12,203,502,586.770	03/05/2024 05:12 PM
KMIALLSHR	33,768.84	33,716.111	33,120.57	666.827	2.018	281,691,224.0	19,820,992,110.710	03/05/2024 05:12 PM
BKTi	17,643.22	17,586.680	17,220.14	33.170	0.189	19,459,274.0	1,749,439,226.590	03/05/2024 05:12 PM
OGTi	17,474.03	17,398.365	16,771.31	637.067	3.801	43,099,949.0	5,744,658,645.110	03/05/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,365.0	63,660.0	59,265.0	3,600.00
BRENT CRUDE	EB	82.8	84.4	82.8	-0.89
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-5.10
ROTTERDAM COAL MONTHLY	ET	107.9	108.0	107.9	0.00
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	78.0	79.6	78.0	-0.96
SUGAR #11 WORLD	SB	19.3	19.5	19.2	0.07

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