Javedan Corporation Limited Releases Quarterly Report for 1st Quarter 2023

Karachi, Javedan Corporation Limited has announced the transmission of its quarterly report for the period ended March 31, 2023. The report is now available for public viewing on the company’s website.

According to the report, the company showed promising financial performance in the first quarter of 2023. Javedan Corporation Limited reported a profit after tax of PKR 152 million, a 15% increase compared to the same period last year. The company’s revenue also increased by 12%, reaching PKR 2.8 billion.

The company’s earnings per share (EPS) also improved from PKR 1.11 to PKR 1.28. Moreover, the company’s gross profit margin increased to 22.3% from 20.8% in the previous year.