An IC TSI Group Company
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Pakistan International Container Terminal Limited
May 5, 2025
PICT/cs/0s2S/oo2
Financial Results for the Year Ended December 31, 2024 Dear Sir
It is to inform you that the Board of Directors of our Company through its meetings originally held on May 02, Z025 and concluded
through its adjournment on this day at 12:OO p.m. at Registered Office, Karachi has recommended the following:
(i) | CASH DIVIDEND | NIL |
(ii) | BONUS SHARES | NIL |
(iii) | RIGHT SHARES | NIL |
(iv) | ANY OTHER ENTITLEMENT/CORPORATE ACTION | NIL |
{v) | ANY OTHER PRICE-SENS4T}VE INFORMATION | NIL |
The financial results of the Company for the year ended December 31, 2024 are attached herewith as Annexure A. The Annual General Meeting of the Company will be held on May 28, 2025 at 10:00 a.m. at Karachi.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on May 21, 2025.
The Share Transfer Books of the Company will be closed from May 22, 2025 to May 28, 2025 (both days inclusive). Transfers received at the Company's Registrar CDC Share Registrar Services Limited, CDC House, 99-B, Block 'B', SMCHS, Main Shahra-e-Faisal, Karachi at the close of business on May 21, 2025 will be treated in time for the purpose of above entitlement to the transferees.
The Annual Report of the Company for the year ended December 31, 2024 will be transmitted through PUCARS atleast 21 days before holding of Annual General Meeting.
Yours Sincerely
for and on behalf of
Pakistan International Container Terminal Limited
Ahmed Bharamchari
Chief Financial Officer
Encls: As stated above
CC: The Director, Enforcement Department, SECP, NIC Building, Jinnah Avenue, Islamabad The Manager, CDC Share Registrar Services Limited
The Manager, Centra! Depository Company of Pakistan Limited
"Annexure A"
PAKISTAN INTERNATIONAL CONTAINER TERMINAL LIMITEDSTATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED DECEMBER 31, 2024
December 31, December 31,
2024 2023
------- (Rs in thousands) ------
Revenue - net | 6,392,051 | ||
Cost of services | (3,933,855) | ||
Gross profit | 2,458,196 | ||
Administrative expenses | (298,805) | (422,847) | |
Other expenses | (8,950) | (119,837) | |
Finance costs | (289) | (1,833) | |
Other income | 1,164,281 | 1,460,170 | |
Profit before taxation | 856,237 | 3,373,849 | |
Taxation | (207,141) | (1,573,345) | |
Profit after taxation | 649,096 | 1,800,504 |
Earnings per ordinary share - basic and diluted
---------------- (Rupees) ------------------
5.94 16.50