Supernet Technologies posts 9.5x increase in profit for 1HFY25

News Image

MG News | February 28, 2025 at 04:53 PM GMT+05:00

0:00

February 28, 2025 (MLN): Supernet Technologies Limited (PSX: STL) has reported a profit before tax of Rs29 million for the half-year ended December 31, 2024, marking a significant 850% increase from Rs3m in the same period last year.

This led to a substantial rise in earnings per share (EPS), which jumped to Rs58.58 from Rs6.17.

This sharp rise in profitability was driven by substantial other income, offsetting the company's operating loss.

Despite no reported revenue or cost of services for the period, STL faced administrative expenses of Rs12.5m, up 9.6% from Rs11.4m 2023.

The company also incurred selling expenses amounting to Rs4m.

Consequently, the operating result turned negative, with a loss of Rs12.5m compared to a profit of Rs4m in the previous year.

A key contributor to STL’s strong financial turnaround was a notable increase in other income, which surged to Rs42m from a negative Rs0.50m last year.

Condensed interim statement of profit and loss (un-audited) for the half year ended December 31, 2024 (in Rupees '000) 2024 2023 %Change
Revenue - net  -                                 37,656  
Cost of services  -                               (18,217)  
Gross Profit  -                                 19,439  
Administrative expenses                   (12,504)                              (11,410) 9.59%
Selling expenses  -                                 (4,066)  
Operating Profit / (Loss)                   (12,504)                                  3,963  
Other income and (expenses)                      41,799                                    (502)  
Profit before levies and taxation                      29,290                                  3,460 746.53%
Levies  -                                     (377)  
Profit before taxation                      29,290                                  3,083 850.05%
Earnings per share - basic and diluted 58.58 6.17  

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg