Lahore: Roshan Packages Limited disclosed its financial outcomes for the fiscal year ended June 30, 2024, revealing significant figures in revenue and profits, reflecting the company's strong performance amidst varying market conditions.
On October 4, 2024, the company conveyed to the Pakistan Stock Exchange the Board of Directors' approval of a 10% cash dividend amidst other corporate actions during their recent meeting. This announcement followed closely with the detailed financial results which underscored a robust fiscal year.
Roshan Packages reported a consolidated revenue of 12.24 billion Rupees after taxes for 2024, with a net revenue increase from 10.25 billion Rupees in 2023 to 10.33 billion Rupees. The firm's unconsolidated net revenue also showed a solid growth, climbing from 10.25 billion Rupees in the previous year to 10.33 billion Rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company’s profit for the year on a consolidated basis stood at 25.04 million Rupees, compared to 29.41 million Rupees in 2023, indicating a shift in profitability metrics. The unconsolidated profit figures also reflected a decrease from 150.34 million Rupees in the previous year to 211.26 million Rupees.
Notably, the company's operating expenses and cost of revenue were carefully managed, resulting in a gross profit of 9.45 billion Rupees on a consolidated basis, a slight adjustment from 9.24 billion Rupees reported in 2023. The expenses related to administration and distribution were aligned with the company’s strategic financial management practices.
Earnings per share also saw a recalibration with a consolidated basic and diluted earnings per share decreasing slightly from 0.21 in 2023 to 0.18 in the reporting year.
Roshan Packages Limited plans to continue its strategic financial approach while providing returns to its shareholders through prudent capital management. The company’s annual general meeting is scheduled for October 28, 2024, and will provide further insights into the management’s strategy and outlook for the upcoming fiscal year.