Karachi, In a recent meeting held on August 22, 2023, the Board of Directors of Service Industries Limited, based in Lahore, granted their approval for the company's separate and consolidated financial statements for the half-year ended June 30, 2023. The company also announced that it will not be recommending any cash dividend, bonus shares, or right shares at this time.

Key Financial Highlights:

The financial performance of Service Industries Limited for the half-year ending June 30, 2023, showed notable growth across various metrics compared to the corresponding period in the previous year. The company's unconsolidated condensed interim statement of profit or loss reported the following figures (in thousand Rupees):

Revenue: Rs. 26,553,006 (2023) vs. Rs. 20,682,794 (2022)

Gross Profit: Rs. 6,269,528 (2023) vs. Rs. 3,856,766 (2022)

Profit from Operations: Rs. 3,534,986 (2023) vs. Rs. 1,992,587 (2022)

Profit After Taxation: Rs. 793,406 (2023) vs. Rs. 486,179 (2022)

Earnings Per Share - Basic and Diluted: Rs. 16.89 (2023) vs. Rs. 10.35 (2022)

The consolidated condensed interim statement of profit or loss also showcased positive trends, highlighting the company's growth and performance during the period.

The company's decision to refrain from recommending cash dividends, bonus shares, or right shares indicates a strategic approach to financial management and allocation of resources, potentially in line with its growth objectives and market dynamics.

Forward Momentum:

Service Industries Limited's Board of Directors' meeting underlines the company's commitment to transparency, strong governance, and informed decision-making. The half-year financial statements provide insights into the company's operational and financial performance, giving stakeholders valuable information for assessing its health and growth prospects.