RPL declares 10% DPS as GP margin improves by 1.72% in FY23
MG News | October 02, 2023 at 10:37 AM GMT+05:00
October 02, 2023 (MLN): Roshan Packages Limited (PSX: RPL) has reported a profit of Rs29.41 million [EPS: 0.21] for the fiscal year 2023, compared to a profit of Rs190.18m [EPS: 1.34] reported in the Same Period Last Year (SPLY), reflecting a significant decline of 84.53% YoY.
Going by the results, the company's top line improved by 16.56% YoY to Rs12.06bn as compared to Rs10.35bn in SPLY.
The cost of sales also rose by 12.85% YoY but was lesser than proportionate to sales decline, which improved the gross profit by 39.26% YoY to Rs1.27bn in FY23.
With improved gross profit, RPL's GP margin rose by 1.72% to 10.56% in FY23.
Along with the FY23 financial results, the board of directors of RPL has announced a cash dividend of 10% per share in FY23.
On the expense side, the company observed an increase in Distribution expenses by 37.02% YoY and other operating expenses by 68.09% YoY to clock in at Rs390.04m and Rs28.08m respectively during the review period.
Additionally, RPL incurred an increase in the allowance for expected credit losses of Rs20.36m compared to a reversal of Rs16.87m in FY22.
During the review period, other income went up by 3.86% YoY to stand at Rs57.51m in FY23 as compared to Rs55.37m in SPLY.
The company’s finance costs soared by 89.44% YoY and stood at Rs318.51m as compared to Rs168.14m in FY22, mainly due to higher interest rates.
On the tax front, RPL incurred a tax expense of Rs187.78m in FY23, against a tax rebate of Rs2.81m in SPLY.
| Consolidated (un-audited) Financial Results for the year ended 30 June 2023 (Rupees) | |||
|---|---|---|---|
| June 23 | June 22 | % Change | |
| Sales | 12,063,638,949 | 10,349,295,793 | 16.56% |
| Sales tax | (1,816,945,109) | (1,483,731,282) | |
| Cost of sales | (8,972,173,863) | (7,950,325,280) | 12.85% |
| Gross Profit | 1,274,519,977 | 915,239,231 | 39.26% |
| Distribution expenses | (390,038,488) | (284,652,554) | 37.02% |
| Administrative expenses | (309,251,602) | (239,093,355) | 29.34% |
| (Provision) / reversal of allowance for expected credit losses | (20,362,827) | 16,868,047 | - |
| Other expenses | (48,584,383) | (91,527,906) | -46.92% |
| Other Income | 57,507,260 | 55,370,606 | 3.86% |
| Other operating expenses | (28,080,664) | (16,705,739) | 68.09% |
| Finance cost | (318,514,423) | (168,138,115) | 89.44% |
| Profit before tax | 217,194,850 | 187,360,215 | 15.92% |
| Taxation | (187,780,504) | 2,816,686 | - |
| Net profit for the period | 29,414,346 | 190,176,901 | -84.53% |
| Basic and diluted earnings/ (loss) per share | 0.21 | 1.34 | - |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 173,155.79 524.20M | 0.56% 959.09 |
| ALLSHR | 103,349.03 1,137.90M | 0.55% 560.51 |
| KSE30 | 52,620.81 234.49M | 0.57% 300.73 |
| KMI30 | 248,144.37 294.93M | 0.16% 396.98 |
| KMIALLSHR | 66,873.17 579.31M | 0.16% 110.07 |
| BKTi | 49,291.73 108.05M | 1.73% 837.50 |
| OGTi | 36,250.66 12.34M | -0.22% -80.19 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 76,080.00 | 77,030.00 75,530.00 | -300.00 -0.39% |
| BRENT CRUDE | 94.95 | 95.68 93.86 | -0.53 -0.56% |
| RICHARDS BAY COAL MONTHLY | 103.25 | 0.00 0.00 | -0.15 -0.15% |
| ROTTERDAM COAL MONTHLY | 101.40 | 0.00 0.00 | -0.20 -0.20% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 87.02 | 87.73 85.50 | -0.40 -0.46% |
| SUGAR #11 WORLD | 13.81 | 13.82 13.51 | 0.17 1.25% |
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 |
|---|
Repatriation of Profit & Dividend