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Date: 27-February-2025
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Subject: Financial Results for the Half Year Ended Dec 31, 2024
Dear Sir,
We have to inform you that the Board of Directors of our Company, in their meeting held on Feb 26, 2025, at 05:00 P.M at the registered office of the company at Karachi, 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 - SENSITIVE INFORMATION | NIL |
The financial results of the Company are as follows: |
symmetry group limited I consulting I transformation I interactive I data I commerce I mobility
- plot no. 56-a, khalid commercial, street no. 2, phase 7 extension, d.h.a, karachi.
� +92 021 35171991 @ www.symmetrygroup.biz @ info@symmetrygroup.biz
Symmetry Group Limited
Condensed Interim Unconsolidated Statement of Financial Position
As at December 31, 2024
ASSETS
Non-current assets
Annexure A
(Un-audited) (Audited)
December 31, June 30,
20242024
--------- Rupees ---------
Property and equipment
Right-of-use assets
Intangible assets
Long term prepayments
Long term investments
Long-term deposits - premises
Current assets
Trade debts
Advances, deposits and prepayments Short term investments
Due from related parties Taxation - net
Current maturity - long term prepayments Cash and bank balances
Total assets
EQUITY AND LIABILITIES
Share capital and reserves
Authorized capital
300,000,000 (June 30, 2024: 300,000,000) ordinary shares of Re. 1/- each
Issued, subscribed and paid-up capital
Revenue reserves
Share premium
Unappropriated profits
Non-current liabilities
Lease liabilities
Deferred taxation
Current liabilities Trade and other payables Short term borrowing Due to related parties Accrued markup
Current portion of lease liability Unclaimed dividend
Contingencies and commitments
142,019,179
85,746,267
69,212,998
69,394,408
14,623,840
634,000
381,630,692
338,103,909
3,050,443
73,000,000
348,406,118
24,838,870
21,179,545
27,561
808,606,446
1,190,237,138
300,000,000
285,245,524
273,268,397
364,574,768
923,088,689
72,904,470
2,093,314
74,997,784
81,208,305
62,734,744
19,356,625
7,213,002
12,802,871
8,835,118
192,150,665
159,494,803
93,694,910
144,201,832
79,984,230
10,996,000
634,000
489,005,775
279,918,250
4,019,943
73,000,000
192,127,957
29,476,489
21,179,545
28,256
599,750,440
1,088,756,215
300,000,000
285,245,524
273,268,397
292,009,627
850,523,548
73,153,773
2,776,108
75,929,881
69,247,315
63,966,514
9,122,259
6,908,338
12,952,139
106,221
162,302,786
Total equity and liabilities
1,190,237,138 1,088,756,215
Symmetry Group Limited | Annexure A |
Condensed Interim Unconsolidated Statement of Profit or Loss
For the half year and quarter ended December 31, 2024 (unaudited)
Half year ended | Quarter ended | ||||||
December 31, | December 31, | December 31, | December 31, | ||||
2024 | 2023 | 2024 | 2023 | ||||
----------------------- Rupees ----------------------- | |||||||
Revenue - net | 274,950,033 | 183,010,393 | 148,951,986 | 125,303,665 | |||
Cost of services | (111,469,160) | (51,521,874) | (50,880,792) | (40,245,282) | |||
Gross profit | 163,480,873 | 131,488,519 | 98,071,194 | 85,058,383 | |||
Administrative expenses | (40,055,435) | (33,045,084) | (5,097,893) | (9,519,857) | |||
Operating profit | 123,425,438 | 98,443,435 | 92,973,301 | 75,538,526 | |||
Other expense | (12,000) | (15,000) | - | (15,000) | |||
Other income - net | 7,609,936 | 9,174,460 | 5,105,927 | 8,291,773 | |||
Finance costs | (19,348,978) | (8,323,046) | (9,191,672) | (6,142,495) | |||
Profit before levies and taxation | 111,674,396 | 99,279,849 | 88,887,556 | 77,672,804 | |||
Levies | (555,403) | - | (555,403) | - | |||
Profit before taxation | 111,118,993 | 99,279,849 | 88,332,153 | 77,672,804 | |||
Taxation - net | (10,029,565) | (6,835,256) | (7,151,647) | (569,213) | |||
Profit after taxation | 101,089,428 | 92,444,593 | 81,180,506 | 77,103,591 | |||
Earning per share - basic | |||||||
and diluted | 0.35 | 0.36 | 0.28 | 0.27 | |||
EPS - Adjusted* | |||||||
0.35 | 0.32 | 0.28 | 0.27 | ||||
*Note: Number of shares adjusted in 2023.
Symmetry Group Limited | Annexure A |
Condensed Interim Unconsolidated Statement of Comprehensive Income (Un-audited)
For the half year and quarter ended December 31, 2024
Half year ended | Quarter ended | ||||||
December 31, | December 31, | December 31, | December 31, | ||||
2024 | 2023 | 2024 | 2023 | ||||
------------------ Rupees ------------------ | |||||||
Profit after taxation | 101,089,428 | 92,444,593 | 81,180,506 | 77,103,591 | |||
Other comprehensive income | - | - | - | - | |||
Total comprehensive income for the period | 101,089,428 | 92,444,593 | 81,180,506 | 77,103,591 | |||
Symmetry Group Limited | Annexure A |
Condensed Interim Unconsolidated Statement of Changes in Equity
For the half year ended December 31, 2024 (unaudited)
Issued, | Unappropriated | |||
subscribed and | Share premium | Total | ||
profits | ||||
paid up capital | ||||
--------------------- Rupees --------------------- | ||||
Balance as at June 30, 2023 | 197,010,230 | - | 175,717,554 | 372,727,784 |
Total comprehensive income for the half year ended December 31, 2023
Profit for the period
Other comprehensive income
Issuance of ordinary shares
IPO costs directly attributable to issue of shares
Transaction with owners
Final dividend @ 5% for the year ended June 30, 2023
Balance as at December 31, 2023
Balance as at June 30, 2024
Total comprehensive income for the half year ended December 31, 2024
Profit for the period
Other comprehensive income
Transaction with owners
Final dividend @ 10% for the year ended June 30, 2024
-
-
-
88,235,294
-
88,235,294
285,245,524
285,245,524
-
-
-
-
-
-
-
291,176,470
(17,908,073)
273,268,397
273,268,397
273,268,397
-
-
-
-
92,444,593
-
92,444,593
-
(14,262,276)
253,899,871
292,009,627
101,089,428
-
101,089,428
(28,524,287)
92,444,593
-
92,444,593
379,411,764
(17,908,073)
361,503,691
(14,262,276)
812,413,792
850,523,548
101,089,428
-
101,089,428
(28,524,287)
Balance as at December 31, 2024 | 285,245,524 | 273,268,397 | 364,574,768 | 923,088,689 | |||
Symmetry Group Limited
Condensed Interim Unconsolidated Statement of Cash Flows (Un-audited)
For the half year ended December 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before levies and taxation
Adjustments for:
Annexure A | |
(Un-audited) | (Un-audited) |
December 31, | December 31, |
2024 | 2023 |
----- Rupees ----- | |
111,674,396 | 99,279,849 |
- Revenue generated from investment in subsidiary
- Depreciation on property and equipment
- Depreciation on right-of-use assets
- Amortization on intangible assets
- Unrealised exchange gain
- Amortization on long term prepayment
- Interest income on short term investments
- Finance costs
Operating profit before working capital changes
Working capital changes
Decrease / (increase) in current assets
- Trade debts
- Advances, deposits and prepayments Increase in current liabilities
- Trade and other payables
Cash generated from operations
Income tax (paid) / received
Long term deposits
Net cash generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment Development expenditure on intangible assets Additions to right-of-use assets
Interest received on short term investments Short term investments - net
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of lease liability - Principal portion Loan obtained from director
Loan repaid to director
Loan received from subsidiaries Loan given to subsidiaries Proceeds from issue of shares
IPO costs directly attributable to issue of shares Dividend paid
Finance cost paid
Net cash used in financing activities
Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents as at the beginning of the period
Cash and cash equivalents as at the end of the period
(3,627,840)
21,599,879
5,933,768
1,501,993
(249,936)
10,589,822
(7,360,000)
19,348,978
47,736,664
159,411,060
(57,935,723)
969,500
11,960,990
(45,005,233)
114,405,827
(6,630,143)
-
107,775,684
(2,109,380)
(19,310,308)
-
7,360,000
-
(14,059,688)
(398,571)
33,223,750
(22,989,384)
120,305,950
(183,786,962)
-
-
(19,795,390)
(19,044,314)
(92,484,921)
1,231,075
(63,938,258)
(62,707,183)
-
5,110,065
2,885,260
2,070,212
(7,152,760)
-
(2,021,700)
8,323,046
9,214,123
108,493,972
96,096,604
(1,062,937)
(1,445,696)
93,587,971
202,081,943
(28,939,907)
(90,000)
173,052,036
(33,136,545)
(54,097,747)
(248,000)
2,021,700
(73,000,000)
(158,460,592)
(9,696,055)
42,851,805
(56,109,855)
101,250,711
(464,171,658)
379,411,764
(17,908,073)
(11,859,740)
(8,022,444)
(44,253,545)
(29,662,101)
(33,769,133)
(63,431,234)
Symmetry Group Limited
Condensed Interim Consolidated Statement of Financial Position
As at December 31, 2024
ASSETS
Annexure B
(Un-audited) (Audited)
December 31, June 30,
20242024
--------- Rupees ---------
Non-current assets
Property and equipment
Right-of-use assets
Intangible assets
Goodwill
Long term prepayments
Long term investment
Long-term deposits
Current assets
Trade debts
Advances, deposits and prepayments Short term investments
Taxation - net
Current maturity - long term prepayments Cash and bank balances
Total assets
EQUITY AND LIABILITIES
Share capital and reserves
Authorized capital
300,000,000 (June 30, 2024: 300,000,000) ordinary shares of Re. 1/- each
Issued, subscribed and paid-up capital
Revenue reserves
Share premium
Unappropriated profits
Non-controlling interest
Non-current liabilities
Lease liabilities
Deferred tax liabilities - net
Current liabilities
Trade and other payables
Short term borrowing
Due to related parties
Accrued markup
Current portion of lease liability
Unclaimed dividend
Contingencies and commitments
210,022,390
85,746,267
162,010,147
42,777,721
132,717,244
3,627,840
634,000
637,535,609
413,245,197
33,050,445
73,000,000
72,208,072
44,542,151
59,321,926
695,367,791
1,332,903,400
300,000,000
285,245,524
273,268,397
430,321,288
988,835,209
94,716
988,929,925
72,904,470
4,467,818
77,372,288
155,519,608
62,734,744
19,356,625
7,352,221
12,802,871
8,835,118
266,601,187
238,897,158
93,694,910
144,201,832
42,777,721
154,997,369
-
634,000
675,202,990
348,151,703
4,089,945
73,000,000
76,104,590
44,542,151
80,756
545,969,145
1,221,172,135
300,000,000
285,245,524
273,268,397
355,612,387
914,126,308
81,959
914,208,267
73,153,773
3,393,078
76,546,851
137,070,737
63,966,514
9,122,259
7,199,147
12,952,139
106,221
230,417,017
Total equity and liabilities
1,332,903,400 1,221,172,135
Symmetry Group Limited | Annexure B | ||||||
Condensed Interim Consolidated Statement of Profit or Loss | |||||||
For the half year and quarter ended December 31, 2024 (unaudited) | |||||||
Half year ended | Quarter ended | ||||||
December 31, 2024 | December 31, | December 31, | December 31, 2023 | ||||
2023 | 2024 | ||||||
--------- Rupees --------- | --------- Rupees --------- | ||||||
Revenue - net | 386,582,121 | 238,125,791 | 207,404,664 | 220,280,124 | |||
Cost of services | (180,277,042) | (90,849,512) | (113,066,227) | (87,621,914) | |||
Gross profit | 206,305,079 | 147,276,279 | 94,338,437 | 132,658,210 | |||
Administrative and selling expenses | (75,999,769) | (62,351,506) | (22,497,310) | (38,030,409) | |||
Operating profit | 130,305,310 | 84,924,773 | 71,841,127 | 94,627,801 | |||
Other income / expense - net | 7,597,936 | 9,174,460 | 5,093,927 | 1,315,548 | |||
Finance costs | (20,732,115) | (8,434,661) | (10,090,130) | (6,482,326) | |||
Profit before levies and taxation | 117,171,131 | 85,664,572 | 66,844,924 | 89,461,023 | |||
Levies | (555,403) | - | (555,403) | - | |||
Profit before taxation | 116,615,728 | 85,664,572 | 66,289,521 | 89,461,023 | |||
Taxation - net | (13,369,783) | (9,587,267) | (4,346,304) | (13,866,458) | |||
Profit after taxation | 103,245,945 | 76,077,305 | 61,943,217 | 75,594,565 | |||
Profit attributable to: | |||||||
- Equity holders of the parent | 103,233,188 | 76,342,702 | 61,970,887 | 75,859,962 | |||
- Non-controlling interest | 12,757 | (265,397) | (27,670) | (265,397) | |||
103,245,945 | 76,077,305 | 61,943,217 | 75,594,565 | ||||
Earning per share - basic and diluted | 0.36 | 0.27 | 0.22 | 0.30 | |||
Symmetry Group Limited | Annexure B |
Consolidated Statement of Comprehensive Income
For the half year and quarter ended December 31, 2024 (unaudited)
Half year ended | Quarter ended | ||||||
December 31, | December 31, | December 31, | December 31, | ||||
2024 | 2023 | 2024 | 2023 | ||||
--------- Rupees --------- | --------- Rupees --------- | ||||||
Profit after taxation | 103,245,945 | 76,077,305 | 61,943,217 | 75,594,565 | |||
Other comprehensive income | - | - | - | - | |||
Total comprehensive income for the year | |||||||
103,245,945 | 76,077,305 | 61,943,217 | 75,594,565 | ||||
Symmetry Group Limited
Annexure B
Consolidated Statement of Changes in Equity
For the half year and quarter ended December 31, 2024 (unaudited)
Equity attributable to owners
Issued, | Equity | Non- | ||||
Unappropriate | controlling | |||||
subscribed and | Share premium | attributable to | Total | |||
d profits | interest | |||||
paid up capital | owners | |||||
------------------------------------ Rupees ------------------------------------ | ||||||
Balance as at June 30, 2023 (audited) | 197,010,230 | - | 230,047,847 | 427,058,077 | 67,538 | 427,125,615 |
Total comprehensive income for the year ended December 31, 2023
Profit for the period
Other comprehensive income
-
-
-
-
-
-
76,342,702
-
76,342,702
76,342,702
-
76,342,702
(265,397)
-
(265,397)
76,077,305
-
76,077,305
Issuance of ordinary shares | 88,235,294 | 291,176,470 | - | 379,411,764 | - | 379,411,764 | |||||
Balance as at December 31, 2023 | 285,245,524 | 291,176,470 | 306,390,549 | 882,812,543 | (197,859) | 882,614,684 | |||||
Balance as at June 30, 2024 (audited) | 285,245,524 | 273,268,397 | 355,612,387 | 914,126,308 | 81,959 | 914,208,267 |
Total comprehensive income for the year ended December 31, 2024
Profit for the period
Other comprehensive income
Transaction with owners
Final dividend @ 10% for the year ended June 30, 2024
-
-
-
-
-
-
-
-
103,233,188
-
103,233,188
(28,524,287)
103,233,188
-
103,233,188
28,524,287
12,757
-
12,757
-
103,245,945
-
103,245,945
28,524,287
Balance as at December 31, 2024 | 285,245,524 | 273,268,397 | 430,321,288 | 1,045,883,783 | 94,716 | 1,045,978,499 | |||||
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