Security Papers Limited Celebrates 60 Years Amidst Impressive Financial Growth

Karachi: Security Papers Limited (SPL) marked a significant milestone by celebrating its 60th Annual General Meeting (AGM) at the company’s headquarters in Karachi. The event, led by Chairman Mohammad Aftab Manzoor, brought together board members and senior management to reflect on a year of notable financial achievements and strategic advancements.

During the session, attendees were presented with the company’s robust financial results, including an 8% rise in gross profit, totaling PKR 2,204 million, and sales revenue climbing to PKR 7,871 million, also an 8% increase from the previous year. The net profit for the fiscal year 2024-25 stood at an impressive PKR 1,524 million, underscoring SPL’s solid financial standing.

A key highlight of the meeting was the approval of a dividend of PKR 11.50 per share, marking a 115% return, which encompassed an interim dividend of PKR 2.50 per share disbursed earlier, and a final cash dividend of PKR 9.0 per share. Shareholders lauded the management’s effective strategies that have not only sustained growth but also bolstered investor trust.

The company has embarked on several initiatives aimed at enhancing efficiency by leveraging cutting-edge technologies. These include projects focused on recycling wastewater and harnessing renewable energy sources, demonstrating SPL’s commitment to sustainable development.

As SPL ventures into its seventh decade, it continues to uphold its dedication to delivering superior quality products and maintaining its status as a leader in the industry through innovative and eco-friendly practices.