Karachi: S.S. Oil Mills Limited has reported a substantial increase in net profit for the third quarter ending March 31, 2025, according to the company's un-audited accounts. The company revealed a net profit of Rs. 238.83 million, a significant turnaround from a net loss of Rs. 96.97 million during the same period last year.

The company’s sales figures showed an increase of 87%, reaching Rs. 5.78 billion compared to Rs. 3.10 billion in 2024. Gross profit also saw a notable rise, recorded at Rs. 504.80 million, up from Rs. 166.58 million in the previous year. These results were attributed to the removal of a ban on the import of GMO seeds and their increased availability in the international market.

Financial charges decreased from Rs. 217.80 million to Rs. 157.02 million, contributing to the improved financial performance. The earnings per share (EPS) for the period rose to Rs. 42.21, compared to a negative Rs. 17.14 in the prior year.

According to information available from the Pakistan Stock Exchange (PSX), the company's strategic operations have been well-received in the designated market category. This improvement comes despite challenges posed by the international market conditions and local economic factors.

The management expressed optimism about overcoming ongoing challenges with the help of their dedicated team. They extended gratitude to their customers, suppliers, and bankers for their persistent support, as well as to their employees for their continued efforts towards improving the company's performance.

Looking ahead, the management remains confident in their ability to navigate the challenging market environment and aims to deliver better results in the second half of the year.