RPL's profit soars 17.9% in Q3 fueled by tax credit
 
 MG News | October 30, 2024 at 05:02 PM GMT+05:00
October 30, 2024 (MLN): Roshan Packages Limited (PSX: RPL) experienced a rise of 17.9% YoY in its profits, earning a profit after tax of Rs125.91 million [EPS: Rs0.89], compared to a profit of Rs106.77m [EPS: Rs0.75] in the same period last year (SPLY).
Going by the results, the company's top line dropped 23.9% to Rs2.37bn as compared to Rs3.11bn in SPLY.
The cost of sales fell by 23% but as the drop in sales was larger higher, the gross profit worsened by 32% to Rs198.82m in Q3 CY24.
Hence, despite weak sales and lower other income, RPL managed to report a higher profit due to tax credits and reduced finance costs.
During the period under review, other income slipped 18.7% to stand at Rs48.22m in Q3 CY24 as compared to Rs59.29m in SPLY.
On the expense side, the company's administration expenses rose 19.3% YoY to Rs71.2m.
Meanwhile, distribution and selling expenses fell 10.1% YoY to Rs28.91m, and other operating expenses dropped 56.1% YoY to Rs5.1m.
The company’s finance cost contracted by 56.4% and stood at Rs38.4m as compared to Rs87.99m in SPLY.
| Unconsolidated (un-audited) Financial Results for quarter ended September 30, 2024 (Rupees in '000) | |||
|---|---|---|---|
| Sep 24 | Sep 23 | % Change | |
| Sales | 2,369,115 | 3,111,236 | -23.85% | 
| Cost of sales | (2,170,297) | (2,818,974) | -23.01% | 
| Gross Profit/ (loss) | 198,818 | 292,262 | -31.97% | 
| Administration expenses | (71,200) | (59,702) | 19.26% | 
| Distribution and selling expenses | (28,909) | (32,165) | -10.12% | 
| Other Income | 48,219 | 59,293 | -18.68% | 
| Other Operating Expenses | (5,102) | (11,620) | -56.09% | 
| Finance cost | (38,396) | (87,987) | -56.36% | 
| Profit/ (loss) before taxation | 103,430 | 160,081 | -35.39% | 
| Final tax / levies | 22,482 | (53,313) | - | 
| Net profit/ (loss) for the period | 125,912 | 106,768 | 17.93% | 
| Basic earnings/ (loss) per share | 0.89 | 0.75 | - | 
Amount in thousand except for EPS
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg | 
|---|---|---|
| KSE100 | 160,034.60 210.87M | 2.11% 3301.73 | 
| ALLSHR | 97,572.74 510.00M | 1.99% 1908.07 | 
| KSE30 | 48,725.77 110.66M | 2.04% 973.39 | 
| KMI30 | 231,130.97 64.38M | 2.19% 4955.72 | 
| KMIALLSHR | 63,897.57 203.98M | 1.94% 1214.49 | 
| BKTi | 44,975.73 52.30M | 2.47% 1082.98 | 
| OGTi | 31,458.43 3.90M | 1.87% 578.01 | 
| Symbol | Bid/Ask | High/Low | 
|---|
| Name | Last | High/Low | Chg/%Chg | 
|---|---|---|---|
| BITCOIN FUTURES | 110,095.00 | 110,660.00 107,835.00 | 3655.00 3.43% | 
| BRENT CRUDE | 64.01 | 64.19 63.85 | -0.99 -1.52% | 
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.50 -1.83% | 
| ROTTERDAM COAL MONTHLY | 93.00 | 93.00 93.00 | 0.10 0.11% | 
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% | 
| CRUDE OIL - WTI | 60.21 | 60.39 60.05 | -0.36 -0.59% | 
| SUGAR #11 WORLD | 14.25 | 14.42 14.07 | -0.17 -1.18% | 
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 | 
|---|
 
                     
                                                 
                                                 
                                                 Total Advances, Deposits & Investments of Scheduled Banks
 Total Advances, Deposits & Investments of Scheduled Banks