Sazgar Engineering reports 368% profit surge in H1FY25
MG News | February 24, 2025 at 03:49 PM GMT+05:00
February 24, 2025 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW) recorded a net profit of Rs6.63 billion [EPS: Rs109.6] during the half-year ending December 2024, up 368.4% from the profit of Rs1.41bn [EPS: Rs23.4] in the same period last year (SPLY).
The company declared an interim cash dividend of Rs10 per share (100%), in addition to the interim dividend of Rs10 per share (100%) already paid.
The company's revenue surged by 207.6% to Rs44.69bn compared to Rs14.53bn in SPLY, while gross profit jumped 311.36% to Rs12.83bn.
Gross margins improved significantly as cost efficiencies enhanced profitability.
During the period under review, other operating income rose 290.66% to Rs736.22mn, while other operating expenses increased 363.67% to Rs804.41mn.
Administrative expenses saw a sharp decline of 63.81% to Rs258.44mn, contributing to improved operational efficiency.
On the expense side, the company’s finance cost surged by 110.2% to Rs149.98mn, reflecting higher interest rates and financial liabilities.
Meanwhile, taxation rose significantly by 352.34% to Rs4.21bn.
| Financial Results For The Half Year Ended December 31, 2024 | |||
| Category | Dec-24 | Dec-23 | %Change |
| Sales - net | 44,694,655,327 | 14,530,334,961 | 207.60% |
| Cost of sales | (31,867,700,528) | (11,412,153,131) | 179.24% |
| Gross Profit | 12,826,954,799 | 3,118,181,830 | 311.36% |
| Distribution and marketing costs | (1,508,044,853) | (556,033,892) | 171.21% |
| Administrative expenses | (258,436,001) | (158,022,979) | 63.54% |
| Operating Profit | 11,060,473,945 | 2,404,124,889 | 360.06% |
| Other operating expenses | (809,414,813) | (173,489,476) | 366.55% |
| Other operating income | 736,215,613 | 186,462,592 | 294.83% |
| Finance cost | (149,811,660) | (71,353,421) | 109.96% |
| Profit before Levy and Taxation | 10,837,463,085 | 2,345,744,554 | 362.01% |
| Levy / final taxation | (946,969) | (392,274) | 141.40% |
| Profit before Taxation | 10,836,618,156 | 2,354,352,230 | 360.28% |
| Taxation | (4,211,395,977) | (931,021,324) | 352.34% |
| Net Profit for the period | 6,625,156,139 | 1,414,330,966 | 368.43% |
| Earnings per share - basic and diluted | 109.6 | 23.4 | 368.38% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,596.07 264.75M | -0.54% -902.76 |
| ALLSHR | 100,017.71 623.24M | -0.46% -463.69 |
| KSE30 | 49,464.92 86.97M | -0.60% -299.08 |
| KMI30 | 238,952.40 97.00M | -0.58% -1388.16 |
| KMIALLSHR | 65,314.16 323.73M | -0.44% -285.47 |
| BKTi | 44,788.98 46.84M | -0.77% -347.65 |
| OGTi | 35,107.09 7.04M | -0.41% -145.22 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 79,165.00 | 81,895.00 78,675.00 | -2455.00 -3.01% |
| BRENT CRUDE | 109.47 | 109.75 106.26 | 3.75 3.55% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -2.95 -2.61% |
| ROTTERDAM COAL MONTHLY | 109.00 | 109.00 108.75 | 1.25 1.16% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.16 | 101.57 97.23 | 4.24 4.37% |
| SUGAR #11 WORLD | 14.78 | 15.07 14.67 | -0.21 -1.40% |
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 |
|---|
Savings Mobilized by National Savings Schemes