February 26, 2025 (MLN): Nishat Chunian Limited (PSX: NCL) returned to profitability, reporting a net profit of Rs259.59 million [EPS: Rs1.08] for the half-year ended December 31, 2024, compared to a loss of Rs385.11mn [LPS: Rs1.60] in the same period last year (SPLY).The company has declared an interim cash dividend of Rs1 per share, equivalent to 10%.The company’s revenue stood at Rs44.02bn, witnessing a slight decline of 0.97% YoY.Despite this, gross profit came in at Rs4.58bn, reflecting a 17.6% decline due to an increase in the cost of sales, which rose by 1.41% YoY to Rs39.44bn.On the expense side, administrative expenses increased by 22.42% to Rs292.25mn, and other operating expenses surged by 41.44% to Rs88.31mn.However, the distribution cost saw a slight decline of 4.91% to Rs1.03bn.Notably, other operating income surged significantly by 158.65% to Rs408.89mn, cushioning the impact of rising expenses.The company also benefited from a decline in finance costs, which dropped by 33.07% YoY to Rs2.76bn, mainly due to lower borrowing costs.As a result, profit before taxation turned positive at Rs272.78mn, compared to a loss of Rs380.49mn in SPLY.Tax expenses increased by 185.76% YoY to Rs13.19mn, but the company still managed to post a net profit, marking a turnaround from last year’s losses.Consolidated Profit and Loss For The Half Year Ended December 31, 2024ParticularsDec-24Dec-23%ChangeRevenue44,024,461,92344,453,556,254-0.97%Cost of Sales(39,442,285,515)(38,892,813,855)1.41%Gross Profit4,582,176,4085,560,742,399-17.60%Distribution Cost(1,036,675,443)(1,090,223,033)-4.91%Administrative Expenses(292,255,777)(238,738,126)22.42%Other Operating Expenses(88,316,847)(62,441,554)41.44%Total Operating Expenses(1,417,248,067)(1,391,402,713)1.86%Operating Profit3,164,928,3414,169,339,686-24.09%Other Operating Income408,897,641158,088,594158.65%Profit from Operations3,573,825,9824,327,428,280-17.41%Finance Cost(2,761,983,022)(4,126,602,338)-33.07%Profit Before Levy and Taxation811,842,960200,825,942304.25%Levy(539,057,912)(581,321,056)-7.27%Profit Before Taxation272,785,048(380,495,114)-171.69%Taxation(13,194,793)(4,617,412)185.76%Profit After Taxation259,590,255(385,112,526)-167.41%(Loss) / Profit Attributable To: Equity Holders of the Holding Co.259,590,255(385,112,526)-167.41%Non-Controlling Interest–– Total Profit/(Loss)259,590,255-385,112,526-167.41%(Loss) / Profit Per Share1.08(1.6)-167.50%Copyright Mettis Link NewsPosted on: 2025-02-26T13:36:05+05:00The post Nishat Chunian swings back to profit with Rs260m earnings appeared first on Mettis Global Link.