Karachi: Secure Logistics Group Limited has announced a robust financial performance for the nine-month period ending September 30, 2024, as detailed in their latest earnings report. The logistics company reported significant increases in both revenue and profits, reflecting a strong operational year despite the ongoing economic fluctuations.

For the nine months ending in September 2024, Secure Logistics posted a revenue of 1.55 billion rupees, a substantial rise from 1.35 billion rupees during the same period last year. This represents an increase of approximately 14.76%. The net profit after taxation saw an impressive gain, surging to 389.42 million rupees from 292.14 million rupees in the previous year, marking a growth of 33.31%.

According to information available from the Pakistan Stock Exchange (PSX), the company's costs of services also increased from 1.05 billion rupees to 1.13 billion rupees. However, the firm managed to enhance its gross profit, which escalated from 306.05 million rupees to 424.98 million rupees.

Operational efficiencies are evident from the firm's operating profit, which stood at 335.09 million rupees, up from 187.48 million rupees last year. The firm also noted a decrease in financial costs and expected credit losses, which contributed to the stronger bottom-line result.

Earnings per share have also improved, from 1.76 rupees per share in the last year to 1.42 rupees per share in the current period. This financial growth has been attributed to strategic planning and robust market performance, despite challenging economic conditions.

Secure Logistics Group's continued financial success positions it favorably in the logistics sector, reflecting its effective management practices and operational strategies. The firm remains committed to sustaining growth and delivering value to its shareholders.