Karachi: Loads Limited, a prominent player in the industrial market category, convened its Board of Directors on February 20, 2025, to review and discuss the company's financial performance for the half year ending December 31, 2024. The meeting took place at the company's registered office in Zulfiqarabad, Karachi.

The board meeting, held at 11:00 a.m., addressed several financial aspects, including profit and loss figures for the stated period. The company announced that it would not be issuing any cash dividends, bonus shares, or right shares for this financial period.

For the half year ending December 31, 2024, Loads Limited reported a consolidated profit of 46.00 million rupees, a substantial improvement from the loss of 364.18 million rupees recorded in the same period of the previous year. The company also noted a quarterly profit of 20.99 million rupees, contrasting with a loss of 173.41 million rupees for the corresponding quarter the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's total comprehensive income for the half year was 46.00 million rupees, compared to a loss of 364.18 million rupees in the prior year. The quarterly comprehensive income stood at 20.99 million rupees, against a loss of 173.41 million rupees for the same quarter last year.

In terms of cash flow, the company reported a net cash generation from operating activities amounting to 459.72 million rupees, an increase from 217.63 million rupees in the previous year. The cash flow from investing activities showed a net usage of 243.95 million rupees, while financing activities resulted in a net outflow of 280.10 million rupees.

The company's cash and cash equivalents at the end of the period stood at 112.74 million rupees, down from 350.25 million rupees at the beginning of the period, reflecting a decrease in cash reserves.

The financial results underline significant improvements in Loads Limited's profitability and operational cash flows, marking a positive shift from the losses incurred in the previous year. The detailed consolidated and unconsolidated financial statements have been made available as Annexure A and B, respectively, to stakeholders for further review.