Security Papers Limited Reports 7.5% Profit Growth in First Half of Fiscal Year

Karachi: Security Papers Limited (SPL) has announced a 7.5% increase in after-tax profit for the first half of the fiscal year 2024-25, marking a significant financial milestone for the company. This growth aligns with a similar rise in earnings per share (EPS).

According to a statement by Security Papers Limited, the company’s unaudited financial results for the half-year ending December 31, 2024, indicate net sales of Rs. 4.1 billion. This marks a notable increase from Rs. 3.4 billion during the same period in the previous fiscal year. The rise in sales has been attributed to strong demand across key product lines.

The company’s after-tax profit for the first half of the fiscal year reached Rs. 802 million, up from Rs. 746 million in the corresponding period last year. Earnings per share for the period stood at Rs. 13.54, compared to Rs. 12.59 in the previous year.

Muhammad Aftab Manzoor, Chairman of SPL, stated that the company is pleased with its performance, which reflects the strength of its strategic approach and consistent results. He emphasized the focus on operational excellence as a means to navigate market challenges and create enduring value for the company.

Looking forward, SPL aims to sustain its growth momentum by enhancing operational efficiencies and ensuring long-term sustainability in the industry.

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