SAZEW races to record profits, sees 59.82x surge in 1QFY24

15:42
October 26, 2023
MG

October 26, 2023 (MLN): Sazgar Engineering Works Limited (SAZEW) displayed a remarkable financial prowess as the company reported a staggering 59.82x YoY surge in profits to Rs658.53 million [EPS: Rs10.89] in 1QFY24 compared to Rs11mn [EPS: Rs0.18] in the same period last year.

Despite securing handsome profits, the company has not announced any dividends for its shareholders.

The company’s topline recorded a significant increase, skyrocketing by 5.26x YoY to Rs8.04 billion from Rs1.53bn during the same period last year.

On the expense side, the distribution cost went up by 3.54x YoY to Rs290mn, while administrative expenses inflated by 1.69x YoY to Rs74.4mn.

On the other hand, SAZEW enjoyed a significant increase in other income, which soared by 40.31x YoY to Rs79.6mn.

During the period under review, the finance cost of the company declined by 25% YoY to Rs450mn.

Financial Results for the quarter ended September 30, 2023 (Rupees)
	Sep-23	Sep-22	% Change
Sales – net	8,044,264,447	1,530,494,040	42559.92%
Cost of sales	6,533,692,637	1,337,357,547	38855.24%
Gross profit	1,510,571,810	193,136,493	68212.66%
Distribution cost	290,162,882	82,071,481	25354.90%
Administrative expenses	74,416,806	44,017,808	6906.07%
Other operating expenses	80,675,202	1,099,650	723644.36%
	445,254,890	127,188,939	25007.36%
Other income	79,606,191	1,974,977	393074.02%
Operating profit before finance cost	1,144,923,111	67,922,531	158563.08%
Finance cost	35,555,111	47,647,448	-2537.88%
Profit before taxation	1,109,368,000	20,275,083	537158.30%
Taxation	450,830,735	9,265,913	476547.56%
Profit after taxation	658,537,265	11,009,170	588171.58%
Earnings per share – basic and diluted	10.89	0.18	595000.00%

Copyright Mettis Link News

Posted on: 2023-10-26T15:36:07+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.10000	278.30000	278.30000	278.10000	03:00 PM
2	EUR	1.07813	1.07818	1.07818	1.07813	03:18 PM
3	GBP	1.25243	1.25252	1.25252	1.25243	03:18 PM
4	CHF	0.90582	0.90594	0.90594	0.90582	03:18 PM
5	JPY	155.45100	155.46300	155.46300	155.45100	03:18 PM
6	CAD	1.36750	1.36800	1.36800	1.36750	03:18 PM
7	AUD	0.66182	0.66186	0.66186	0.66182	03:18 PM
8	INR	83.44980	83.46360	83.46360	83.44980	03:18 PM
9	SAR	3.75040	3.75060	3.75060	3.75040	12:18 AM
10	AED	3.67230	3.67330	3.67330	3.67230	09:48 PM
11	HKD	7.81430	7.81440	7.81440	7.81430	03:18 PM
12	CNH	7.22054	7.22074	7.22074	7.22054	03:18 PM
13	CNY	7.21980	7.22300	7.22300	7.21980	08:36 PM
14	THB	36.73000	36.75000	36.75000	36.73000	03:18 PM
15	MYR	4.73830	4.74330	4.74330	4.73830	05:30 AM
16	IDR	16,017.50000	16,026.60000	16,026.60000	16,017.50000	03:18 PM
17	SGD	1.35233	1.35244	1.35244	1.35233	03:18 PM
18	NZD	0.60325	0.60330	0.60330	0.60325	03:18 PM
19	MXN	16.79110	16.79620	16.79615	16.79115	03:18 PM
20	TRY	32.23670	32.24910	32.24906	32.23674	03:18 PM
21	SEK	10.85280	10.85600	10.85569	10.85279	03:18 PM
22	ZAR	18.45280	18.46030	18.46031	18.45281	03:18 PM
23	NOK	10.84870	10.85470	10.85470	10.84870	03:18 PM
24	DKK	6.91830	6.91886	6.91886	6.91830	03:18 PM
25	ARS	882.49400	882.50400	882.50410	882.49410	03:18 PM
26	BDT	115.34900	118.70400	118.70376	115.34950	07:19 AM
27	BHD	0.37703	0.37711	0.37711	0.37703	11:43 PM
28	BRL	5.13910	5.14210	5.14210	5.13910	03:18 PM
29	KRW	1,365.33000	1,366.33000	1,366.33000	1,365.33000	03:18 PM
30	KWD	0.30745	0.30755	0.30755	0.30745	12:18 AM
31	LKR	295.47400	301.99600	301.99579	295.47360	07:19 AM
32	OMR	0.38487	0.38498	0.38498	0.38487	11:43 PM
33	QAR	3.64500	3.64700	3.64700	3.64500	12:18 AM
34	RUB	91.62000	91.64000	91.64000	91.62000	01:07 PM
35	AFN	70.00000	73.00000	73.00000	70.00000	12:43 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:07 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	01:08 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	01:07 PM
39	UZS	12,670.00000	12,745.00000	12,745.00000	12,670.00000	01:08 PM
40	PHP	57.26000	57.31200	57.31200	57.26000	03:18 PM
42	NGN	1,419.03000	1,420.03000	1,420.03000	1,419.03000	01:07 PM
43	KES	130.00000	132.00000	132.00000	130.00000	01:07 PM
44	AMD	360.10400	416.00700	416.00671	360.10435	07:19 AM
45	TWD	32.35100	32.36600	32.36600	32.35100	03:18 PM
46	XAU	2,336.61000	2,336.95000	2,336.95000	2,336.61000	03:18 PM
47	XAG	28.21620	28.22680	28.22680	28.21620	03:18 PM
48	XPT	983.04800	989.60200	986.80000	985.30000	12:18 AM
49	XPD	969.00000	974.00000	974.00000	969.00000	12:18 AM
2,120	VES	36.49130	36.58290	36.58286	36.49134	01:07 PM
2,212	UGX	3,739.08000	3,822.93000	3,822.93200	3,739.07534	07:19 AM
2,213	TZS	2,599.99000	2,600.01000	2,600.01500	2,599.98500	06:47 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,889.78	72,658.054	72,325.35	56.237	0.078	235,199,535.0	11,818,486,304.750	09/05/2024 04:12 PM
ALLSHR	47,317.74	47,272.219	47,048.77	169.836	0.361	674,701,799.0	24,028,760,072.250	09/05/2024 04:12 PM
KSE30	23,514.02	23,382.678	23,328.79	-155.849	-0.662	89,537,110.0	8,114,397,082.490	09/05/2024 04:12 PM
KMI30	121,658.90	120,967.970	120,663.45	-88.400	-0.073	103,029,099.0	7,392,091,660.660	09/05/2024 04:12 PM
KMIALLSHR	33,886.58	33,819.315	33,650.25	112.920	0.335	335,444,477.0	19,636,927,467.560	09/05/2024 04:12 PM
BKTi	17,590.34	17,479.035	17,410.28	-38.682	-0.221	10,551,194.0	836,379,758.730	09/05/2024 04:12 PM
OGTi	17,112.08	17,048.984	16,956.10	-3.784	-0.022	8,470,527.0	1,385,381,607.710	09/05/2024 04:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	62,595.0	63,120.0	60,875.0	135.00
BRENT CRUDE	EB	84.1	84.3	83.5	0.49
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-4.60
ROTTERDAM COAL MONTHLY	ET	107.5	107.5	107.0	1.50
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	79.5	79.8	78.9	0.47
SUGAR #11 WORLD	SB	19.6	19.9	19.4	-0.05

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