Islamabad: Secure Logistics Group Limited has announced its financial results for the six-month period ended June 30, 2024, showing a notable increase in profitability compared to the same period last year. The company recorded a profit after tax of Rs. 226.46 million, up from Rs. 190.07 million in 2023. Basic and diluted earnings per share also rose from Rs. 1.14 last year to Rs. 0.83 this year.
The condensed interim financial statements released today reveal that the company’s revenue for the six months increased to Rs. 1.22 billion, up from Rs. 1.11 billion in the corresponding period last year. The cost of services saw a slight decrease, contributing to a gross profit of Rs. 585.24 million, compared to Rs. 454.99 million in 2023.
Administrative expenses and finance costs were significant, totaling Rs. 145.72 million and Rs. 183.64 million, respectively. However, the firm managed to mitigate some financial pressures with Rs. 9.42 million in other income.
According to information available from the Pakistan Stock Exchange (PSX), Secure Logistics Group’s operational performance has been robust, reflecting in their operating profit of Rs. 439.52 million, an increase from last year’s Rs. 343.76 million. Taxation for the period was recorded at Rs. 56.48 million, slightly higher than the previous year’s Rs. 39.47 million.
The profit before tax for the period stood at Rs. 263.17 million, demonstrating the company’s effective cost management and operational efficiency. The share of profit attributable to equity holders of the holding company amounted to Rs. 203.12 million.
This financial overview indicates that Secure Logistics Group Limited continues to grow its profitability amidst challenging economic conditions. The directors of the company express confidence in maintaining this growth trajectory in the upcoming quarters.