Pak Agro Packaging Limited
Corporate Briefing Session for the financial year ended 30 June 2023
Key Financial Figures 1
YE | YE | ||
30.06.2023 | 30.06.2022 | % Variance | |
Sales Revenue: PKR '000' | 589,119 | 502,900 | 17.14% |
Turnover Quantity: KG | 1,225,000 | 1,078,137 | 13.62% |
Gross Profit: PKR | 81,925 | 69,312 | 18.20% |
GP % of Revenue: % | 13.91% | 13.78% | 0.13% |
Key Financial Figures 2
YE | YE | ||
30.06.2023 | 30.06.2022 | % Variance | |
Operating Profit: PKR '000' | 58,381 | 47,557 | 22.76% |
Financial Expense: PKR '000' | 17,346 | 5,341 | 224.77 |
Profit Before Tax: PKR '000' | 38,173 | 40,807 | (6.45%) |
Profit After Tax: PKR '000' | 19,494 | 28,316 | (31.15%) |
EPS: PKR | 0.97 | 1.42 | |
Causes for Drop in Profits
- Exchange rates
- Raw material price increase not fully transferred to customers
- Significant Increase in power cost
- Higher Interest Cost (volume and rate)
- Impact of deferred taxation
Key Financial Figures 3
YE | YE | ||
30.06.2023 | 30.06.2022 | % Variance | |
Equity: PKR '000' | 372,430 | 353,986 | 5.21% |
Net Fixed Assets : PKR '000' | 209,891 | 213,183 | (1.51%) |
Current Assets: PKR '000' | 298,981 | 256,130 | 16.73% |
Net Working Cap: PKR '000' | 209,190 | 161,707 | 29.36% |
Future Outlook
- Yarn Making machinery is now operational.
- Plant has been rationalized.
- Sales of fishing nets are encouraging.
- Sales of other products have started picking up.
- Turnover volume in quantities is likely to increase by 13.62%.
- Prices of raw material and forex rates appear to be stabilizing.
- Good operational team is place now.
Entitlement
- Market is still fluid
- Reduction in net profit from last year
- Cash flow requirements are likely to increase
- Liquidity does not permit payout of dividends
- It is proposed not to pay any dividends for current year
Thank You