Lahore:At-Tahur Limited (PSX: PREMA), a leading player in the pasteurized dairy sector, has reported a significant 19.30% increase in annual revenue, reaching PKR 5,845.44 million for the fiscal year ended June 30, 2024. This growth reflects the company's dynamic response to a challenging economic environment marked by supply chain disruptions and inflation pressures. Despite a downturn in gross profit and operating profit margins, At-Tahur Limited continues to demonstrate resilience and strategic foresight in its operations.
According to information available from the Pakistan Stock Exchange (PSX), At-Tahur Limited has made substantial investments in enhancing its processing facilities, a move aimed at optimizing efficiency across its operations. The company's commitment to high-quality products and customer satisfaction has been a major factor in its sustained growth, with revenue figures bolstering from PKR 4,899.69 million in the previous year to PKR 5,845.44 million this year.
The company's financial stability is evident from its robust revenue growth despite reduced profit margins, which were impacted by the appreciation of the local currency against the dollar. Net profit before tax stood at PKR 549.82 million, showing a strategic handling of operational costs and market challenges.
In terms of corporate governance, At-Tahur Limited continues to uphold high standards, with full compliance reported under the updated Code of Corporate Governance. This adherence plays a crucial role in maintaining transparency and accountability, enhancing shareholder value.
Moreover, At-Tahur Limited has contributed PKR 260.86 million to the national exchequer in the form of taxes, showcasing its role as a responsible corporate citizen. The company's forward-looking strategies are focused on further enhancing its market share through innovation and the introduction of new products, aiming for sustainable growth in the coming years.