Karachi: Secure Logistics Group Limited has released its consolidated condensed interim financial statements for the nine months ending September 30, 2024, indicating robust financial growth compared to the previous year. The documents highlight a marked increase in assets and equity, accompanied by a significant rise in profitability according to the latest un-audited financial results.

The company's total assets surged to 5.58 billion rupees from 4.78 billion rupees as recorded at the end of 2023, showing a healthy growth in the current financial year. This rise is mirrored in the firm’s total equity and liabilities, which have also increased from 4.78 billion rupees to 5.58 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), Secure Logistics Group's revenue for the nine months reached 1.90 billion rupees, up from 1.53 billion rupees during the same period in 2023. This 24% increase in revenue reflects a stronger operational performance amidst challenging market conditions.

Further delving into profitability, the group's profit after tax has grown substantially, reporting 162.80 million rupees up from 133.00 million rupees year-on-year. This financial strength is reflected in the company’s earnings per share, which improved from 1.66 to 1.43 rupees.

The statement of cash flows reveals an improved net cash inflow from operating activities, recorded at 670.81 million rupees, up from 413.88 million rupees in the prior year. This enhancement in cash generation underscores the company's operational efficiency and strategic initiatives.

The financial documents also provide insight into the company's investment activities, noting a net outflow of 745.37 million rupees primarily used for the acquisition of fixed assets and dividends against fixed assets, which aligns with the company's long-term growth strategies.

These interim financial statements present a positive outlook for Secure Logistics Group, demonstrating its ability to sustain growth and profitability through strategic management and robust operational performance.