Karachi: Data Agro Limited, a prominent player in the agricultural sector, reported significant financial results for the fiscal year ending June 30, 2024, with notable increases in turnover and operating profit, although the company faced rising finance costs. According to the company's corporate briefing, turnover for 2024 reached 362.31 million rupees, marking a substantial increase from 218.17 million rupees in 2023. This growth was complemented by a rise in gross profit to 93.18 million rupees, up from 55.16 million rupees the previous year.

Operating profit also saw an upward trajectory, reaching 52.25 million rupees in 2024 compared to 22.04 million rupees in 2023. Despite these improvements, Data Agro Limited faced challenges with finance costs, which surged to 47.46 million rupees in 2024 from 6.03 million rupees in 2023, impacting the overall profit before taxation, which decreased to 6.50 million rupees from 16.24 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit after tax was recorded at 7.49 million rupees, a decrease from 16.82 million rupees in the previous year. The company’s current assets rose to 394.25 million rupees, while current liabilities increased to 259.38 million rupees, reflecting the company's ongoing expansion and operational activities.

The company's paid-up capital remained steady at 40 million rupees, consistent with previous years. Data Agro Limited continues to navigate the complexities of the market, focusing on strategic growth despite the challenges posed by escalating finance costs.