Lahore: Stylers International Limited has released its financial results for the half year ending December 31, 2024, as approved by the Board of Directors at their meeting on February 26, 2025. The meeting took place at 11:00 a.m. in Lahore.

For the reported period, the company made no recommendations for cash dividends, bonus shares, or right shares. This decision was made following the assessment of the company's financial performance, and as a result, no book closure is required.

The financial statements, comprising the Statement of Profit or Loss, Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows, will be transmitted through PUCARS within the designated market category time frame.

The company's profit after taxation for the half year ending December 31, 2024, totaled 509.69 million, a decrease from the 706.67 million reported for the same period in the previous year. Total comprehensive income for the period was also 509.69 million. As of December 31, 2024, the total reserves stood at 7.85 billion, while the issued, subscribed, and paid-up capital was 4.89 billion.

The company's cash flows from operating activities generated 1.97 billion, an increase from the 1.25 billion in the previous year. However, net cash used in investing activities was 2.19 billion, compared to 1.74 billion in the previous year, largely due to capital expenditure on property, plant, and equipment.

According to information available from the Pakistan Stock Exchange (PSX), the company secured 2.33 billion from the issuance of shares, contributing significantly to the net cash generated from financing activities, which totaled 1.31 billion for the period. This was an increase from the 550.64 million recorded in the previous year.

Cash and cash equivalents at the end of the period were reported at 1.29 billion, up from 1.04 billion at the end of the previous year. This increase was influenced by net cash generated from operating and financing activities, despite being offset by the net cash used in investing activities.

This release marks a period of financial stability for Stylers International Limited, with the company opting to retain earnings to potentially reinvest in business operations rather than distribute dividends to shareholders.