Karachi: The Board of Directors of Supernet Technologies Limited, formerly known as Hallmark Company Limited, has released its financial statements for the period ending on March 31, 2025, showing a significant increase in profit after tax despite a lack of revenue.

The company reported no gross profit for the period, a stark contrast to the PKR 35.56 million gross profit recorded in the same period last year. Nevertheless, profit after tax rose sharply to PKR 51.25 million, compared to PKR 18.83 million in the previous year. This increase was primarily attributed to profit sharing from its associate company, Supernet Limited. Consequently, earnings per share surged to PKR 102.52 from PKR 37.67.

During this period, the Board authorized the formulation of terms for a potential scheme of arrangement with Supernet Limited. This includes initiating discussions, finalizing feasibility, and conducting valuations. The aim is to explore strategic opportunities in the technology sector and other areas aligned with current market demands to strengthen the company's market position.

According to information available from the Pakistan Stock Exchange (PSX), the company's executives have voluntarily waived their remuneration, leading to significant cost savings and contributing to the financial turnaround. This move reflects a strategic focus on improving financial health.

Looking ahead, Supernet Technologies Limited aims to capitalize on growth opportunities in its core business areas to drive future revenue. The company remains committed to exploring new avenues in technology and other sectors, with a focus on reinforcing its role as a forward-looking market player.

The Board expressed gratitude to shareholders, management, and employees for their support and dedication, emphasizing the exciting growth phase the company is entering.