AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Service Industries Limited has announced its financial results for the half-year ended June 30, 2024, with no dividends declared. The company’s Board of Directors approved these results during their meeting on August 24, 2024, at the company’s registered office.
According to information available from the Pakistan Stock Exchange (PSX), the company provided both separate and consolidated financial statements, detailing earnings but opting not to issue cash dividends, bonus shares, or right shares.
The unconsolidated financial summary highlights a revenue of 2.74 million Rupees for the half-year ended June 30, 2024, a significant decrease from the previous year’s 26.55 billion Rupees. The cost of sales also saw a drop from 20.28 billion Rupees to 2.20 billion Rupees in the same period. The company reported a gross profit of 541,355 Rupees compared to 6.27 billion Rupees a year earlier.
Administrative expenses and distribution costs were reported at 215.40 million and 186.77 million Rupees, respectively, contributing to a total profit from operations of 1.14 billion Rupees. The finance cost incurred was 1.02 billion Rupees, leading to a profit before taxation of 120.34 million Rupees.
On the consolidated front, the company reported a net sales figure of 61.04 billion Rupees for the half-year, up from 43.24 billion Rupees in the previous year. The gross profit stood at 15.61 billion Rupees. The finance costs noted were 3.55 billion Rupees, with the overall profit after taxation from continuing operations at 4.28 billion Rupees.
Earnings per share were reported at 1.00 Rupees on an unconsolidated basis and 55.87 Rupees for consolidated operations.
The Half-Yearly Report of the company will be transmitted through PUCARS within the specified timeframe, detailing further insights into the company’s financial health.
The post Service Industries Limited Reports Half-Year Financials Without Dividend Declaration appeared first on .