Karachi: Pak Agro Packaging Ltd. released its financial results for the period ending September 30, 2026, revealing a notable decline in quarterly profit. The report, dated October 29, 2026, shows a decrease in profit for the period to 5,325,847 rupees from 8,699,111 rupees recorded in the same quarter last year.

Sales for the quarter amounted to 228.40 million rupees, a slight decrease from 229.47 million rupees in the corresponding period of the previous year. The cost of sales increased marginally to 206.66 million rupees from 204.32 million rupees, resulting in a gross profit of 21.74 million rupees, down from 25.16 million rupees. The administrative expenses were reduced to 7.25 million rupees from 7.45 million rupees, while selling and distribution expenses decreased to 126,042 rupees from 195,100 rupees.

Operating profit for the quarter registered at 14.36 million rupees, down from 17.51 million rupees in the previous year. Financial expenses saw a significant increase to 5.86 million rupees from 4.05 million rupees, contributing to the decline in profit. Other charges also decreased to 990,544 rupees from 1.21 million rupees. According to information available from the Pakistan Stock Exchange (PSX), these financial dynamics impacted the overall profitability of the company.

The profit before taxation decreased to 7.50 million rupees from 12.25 million rupees, with taxation expenses reduced to 2.18 million rupees from 3.55 million rupees. Consequently, the profit for the period before levies and taxation saw a big move, with a decrease to 7.50 million rupees from 12.25 million rupees.

The basic and diluted earnings per share were reported at 0.27 rupees, down from 0.43 rupees in the previous year. This reflects the financial challenges faced by the company in the current economic climate. The designated market category for Pak Agro Packaging Ltd. remains unchanged, as the company continues to navigate the complexities of the market environment.