SAZEW profits swell by 55% in FY22

By MG News | September 29, 2022 at 10:19 AM GMT+05:00

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September 29, 2022 (MLN): Sazgar Engineering Works Limited (SAZEW) announced results for FY22, wherein the company declared a profit of Rs118 million, the company’s stock filings on the stock exchange showed.

In the filing, the company declared a 55% growth in profit to Rs118mn as compared to Rs76mn in the same period last year, translating into earnings per share of Rs1.95 against Rs1.25 in FY21.

SAZEW’s topline shows an increase of 149%, to Rs10.05 billion against Rs4.03bn in FY21.

The company’s gross profit was up by 82%, to Rs666mn against Rs367mn in FY21.

Profit-before-taxation increased to Rs263mn up by 152% compared to Rs104mn in the same period last year.

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