Karachi: Goodluck Industries Limited is set to hold a Corporate Briefing Session on November 16, 2024, via Zoom Video Conferencing. The session aims to engage analysts, investors, and shareholders, who are invited to register by November 15, 2024, by providing their details via email. The webinar link will be provided immediately upon registration.

In its latest financial disclosures, Goodluck Industries Limited reported a revenue increase to 2.17 billion rupees for 2024, up from 1.77 billion rupees in 2023. Cost of sales accounted for 98.60% of the revenue in 2024, slightly higher than the 98.45% recorded in 2023. Administrative expenses were reported at 24.97 million rupees, representing 1.15% of the total revenue, while finance costs remained at a minimal 0.00%.

According to information available from the Pakistan Stock Exchange (PSX), the company's assets amounted to 1.09 billion rupees in 2024, with property, plant, and equipment making up 87.4% of this total. Trade debts saw a decrease, accounting for 3.0% of assets compared to 8.1% in the preceding year. Cash and bank balances increased to 4.9% of total assets.

The company's equity and liabilities structure shows a surplus on revaluation of property, plant, and equipment at 82.3% of the total, with issued capital and unclaimed dividends maintaining a steady presence. The unappropriated profit saw an increase to 104.96 million rupees, up from 91.63 million rupees in 2023.

The upcoming Corporate Briefing Session provides an opportunity for stakeholders to gain further insights into these financial outcomes and the strategic direction of Goodluck Industries Limited.