Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: PK₨0.10 (vs PK₨0.97 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.10 (down from PK₨0.97 in 3Q 2025). Revenue: PK₨17.3b (down 9.2% from 3Q 2025). Net income: PK₨41.0m (down 89% from 3Q 2025). Profit margin: 0.2% (down from 2.0% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨55.01, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 1.3% over the past three years. Announcement • Apr 22
Feroze1888 Mills Limited to Report Q3, 2026 Results on Apr 29, 2026 Feroze1888 Mills Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨46.18, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to PK₨36.94, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total loss to shareholders of 35% over the past three years. Reported Earnings • Mar 03
Second quarter 2026 earnings released: EPS: PK₨0.04 (vs PK₨0.94 loss in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.04 (up from PK₨0.94 loss in 2Q 2025). Revenue: PK₨15.1b (up 20% from 2Q 2025). Net income: PK₨16.9m (up PK₨394.1m from 2Q 2025). Profit margin: 0.1% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (PK₨18.8b market cap, or US$67.2m). Announcement • Feb 18
Feroze1888 Mills Limited to Report Q2, 2026 Results on Feb 26, 2026 Feroze1888 Mills Limited announced that they will report Q2, 2026 results on Feb 26, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: PK₨0.10 (vs PK₨0.01 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.10 (up from PK₨0.01 in 1Q 2025). Revenue: PK₨17.3b (up 9.9% from 1Q 2025). Net income: PK₨40.7m (up PK₨38.0m from 1Q 2025). Profit margin: 0.2% (up from 0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨28.0b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 16% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (PK₨28.0b market cap, or US$99.7m). Announcement • Sep 02
Feroze1888 Mills Limited, Annual General Meeting, Oct 23, 2025 Feroze1888 Mills Limited, Annual General Meeting, Oct 23, 2025. Location: at institute of chartered accountants of pakistan, icap auditorium, chartered accountants avenue, clifton, karachi Pakistan Reported Earnings • Sep 02
Full year 2025 earnings released: EPS: PK₨0.25 (vs PK₨1.43 in FY 2024) Full year 2025 results: EPS: PK₨0.25 (down from PK₨1.43 in FY 2024). Revenue: PK₨66.1b (down 5.2% from FY 2024). Net income: PK₨99.0m (down 83% from FY 2024). Profit margin: 0.1% (down from 0.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
Feroze1888 Mills Limited to Report Fiscal Year 2025 Results on Aug 29, 2025 Feroze1888 Mills Limited announced that they will report fiscal year 2025 results on Aug 29, 2025 New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Mar 05
Second quarter 2025 earnings released: PK₨0.94 loss per share (vs PK₨1.36 loss in 2Q 2024) Second quarter 2025 results: PK₨0.94 loss per share (improved from PK₨1.36 loss in 2Q 2024). Revenue: PK₨12.5b (down 27% from 2Q 2024). Net loss: PK₨377.2m (loss narrowed 30% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings have declined by 3.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 3.6% per year over the past 5 years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨79.00, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 11% over the past three years. Reported Earnings • Oct 10
Full year 2024 earnings released: EPS: PK₨1.43 (vs PK₨22.46 in FY 2023) Full year 2024 results: EPS: PK₨1.43 (down from PK₨22.46 in FY 2023). Revenue: PK₨69.8b (up 22% from FY 2023). Net income: PK₨572.3m (down 94% from FY 2023). Profit margin: 0.8% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Oct 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨26.5b (US$95.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 202% Cash payout ratio: 283% Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (PK₨26.5b market cap, or US$95.5m). Announcement • Sep 17
Feroze1888 Mills Limited, Annual General Meeting, Oct 28, 2024 Feroze1888 Mills Limited, Annual General Meeting, Oct 28, 2024. Location: at institute of chartered accountants of, pakistan (icap) auditorium, chartered accountants avenue, clifton, karachi Pakistan Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨0.001 (vs PK₨12.38 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.001 (down from PK₨12.38 in 3Q 2023). Revenue: PK₨18.0b (down 5.0% from 3Q 2023). Net income: PK₨242.0k (down 100% from 3Q 2023). Profit margin: 0% (down from 26% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Moin Fudda was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Moin Fudda was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Second quarter 2024 earnings released: PK₨1.36 loss per share (vs PK₨2.43 profit in 2Q 2023) Second quarter 2024 results: PK₨1.36 loss per share (down from PK₨2.43 profit in 2Q 2023). Revenue: PK₨17.1b (up 20% from 2Q 2023). Net loss: PK₨540.7m (down 156% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Feroze1888 Mills Limited Announces Resignation of Mudassir Moten as Company Secretary Feroze 1888 Mills Limited has announced the resignation of its company secretary, Mr. Mudassir Moten. The company announced that Mr. Moten has left the company and consequently ceased to be the company secretary effective November 08, 2023. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨81.12, the stock trades at a trailing P/E ratio of 3.6x. Average forward P/E is 14x in the Luxury industry in Pakistan. Negligible returns to shareholders over past three years. Upcoming Dividend • Oct 11
Upcoming dividend of PK₨8.88 per share at 12% yield Eligible shareholders must have bought the stock before 18 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 12%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (4.3%). Reported Earnings • Oct 06
Full year 2023 earnings released: EPS: PK₨22.46 (vs PK₨8.76 in FY 2022) Full year 2023 results: EPS: PK₨22.46 (up from PK₨8.76 in FY 2022). Revenue: PK₨57.2b (up 17% from FY 2022). Net income: PK₨8.97b (up 163% from FY 2022). Profit margin: 16% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨90.00, the stock trades at a trailing P/E ratio of 4x. Average forward P/E is 15x in the Luxury industry in Pakistan. Total returns to shareholders of 4.2% over the past three years. Announcement • Aug 05
Feroze1888 Mills Limited Appoints Abdul Rehman Yaqub as Chairman Feroze1888 Mills Limited announced the appointment of Mr. Abdul Rehman Yaqub as the Chairman of the Board, effective from August 3, 2023. The decision was made during a Board of Directors meeting held in Karachi, marking a new era of leadership for the renowned textile company. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨71.95, the stock trades at a trailing P/E ratio of 3.7x. Average forward P/E is 14x in the Luxury industry in Pakistan. Total returns to shareholders of 4.9% over the past three years. Reported Earnings • May 03
Third quarter 2023 earnings released: EPS: PK₨12.38 (vs PK₨4.08 in 3Q 2022) Third quarter 2023 results: EPS: PK₨12.38 (up from PK₨4.08 in 3Q 2022). Revenue: PK₨19.0b (up 33% from 3Q 2022). Net income: PK₨4.95b (up 212% from 3Q 2022). Profit margin: 26% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Aminah Zaheer was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 06
Upcoming dividend of PK₨2.05 per share at 6.9% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 6.9%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (5.3%). Reported Earnings • Mar 04
Second quarter 2023 earnings released: EPS: PK₨2.43 (vs PK₨3.64 in 2Q 2022) Second quarter 2023 results: EPS: PK₨2.43 (down from PK₨3.64 in 2Q 2022). Revenue: PK₨14.2b (up 3.8% from 2Q 2022). Net income: PK₨969.6m (down 29% from 2Q 2022). Profit margin: 6.8% (down from 10.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨64.80, the stock trades at a trailing P/E ratio of 5.5x. Average forward P/E is 13x in the Luxury industry in Pakistan. Total loss to shareholders of 23% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Aminah Zaheer was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
First quarter 2023 earnings released: EPS: PK₨4.42 (vs PK₨1.16 in 1Q 2022) First quarter 2023 results: EPS: PK₨4.42 (up from PK₨1.16 in 1Q 2022). Revenue: PK₨9.01b (down 21% from 1Q 2022). Net income: PK₨1.77b (up 305% from 1Q 2022). Profit margin: 20% (up from 3.8% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Oct 11
Upcoming dividend of PK₨2.91 per share Eligible shareholders must have bought the stock before 18 October 2022. Payment date: 16 November 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 6.6%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (4.7%). Reported Earnings • Oct 04
Full year 2022 earnings released: EPS: PK₨8.76 (vs PK₨11.44 in FY 2021) Full year 2022 results: EPS: PK₨8.76 (down from PK₨11.44 in FY 2021). Revenue: PK₨49.0b (up 15% from FY 2021). Net income: PK₨3.41b (down 21% from FY 2021). Profit margin: 7.0% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨72.70, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total loss to shareholders of 18% over the past three years. Reported Earnings • May 01
Third quarter 2022 earnings released: EPS: PK₨4.08 (vs PK₨2.44 in 3Q 2021) Third quarter 2022 results: EPS: PK₨4.08 (up from PK₨2.44 in 3Q 2021). Revenue: PK₨14.3b (up 32% from 3Q 2021). Net income: PK₨1.59b (up 73% from 3Q 2021). Profit margin: 11% (up from 8.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Aminah Zaheer was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨3.64 (up from PK₨2.40 in 2Q 2021). Revenue: PK₨13.7b (up 24% from 2Q 2021). Net income: PK₨1.37b (up 52% from 2Q 2021). Profit margin: 10.0% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Mar 04
Upcoming dividend of PK₨1.36 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 06 April 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (3.8%). Upcoming Dividend • Oct 13
Upcoming dividend of PK₨1.43 per share Eligible shareholders must have bought the stock before 20 October 2021. Payment date: 18 November 2021. Trailing yield: 3.8%. Lower than top quartile of Pakistani dividend payers (10%). In line with average of industry peers (3.7%). Reported Earnings • Oct 08
Full year 2021 earnings released: EPS PK₨11.44 (vs PK₨7.80 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: PK₨42.6b (up 36% from FY 2020). Net income: PK₨4.31b (up 47% from FY 2020). Profit margin: 10% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS PK₨11.44 (vs PK₨7.80 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: PK₨42.6b (up 36% from FY 2020). Net income: PK₨4.31b (up 47% from FY 2020). Profit margin: 10% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • May 03
Third quarter 2021 earnings released: EPS PK₨2.44 (vs PK₨3.09 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: PK₨10.8b (up 13% from 3Q 2020). Net income: PK₨918.1m (down 21% from 3Q 2020). Profit margin: 8.5% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 11
New 90-day low: PK₨93.92 The company is down 5.0% from its price of PK₨99.18 on 11 December 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 18% over the same period. Reported Earnings • Mar 05
Second quarter 2021 earnings released: EPS PK₨2.40 (vs PK₨2.41 in 2Q 2020) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: PK₨11.0b (up 29% from 2Q 2020). Net income: PK₨903.2m (flat on 2Q 2020). Profit margin: 8.2% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨121, the stock is trading at a trailing P/E ratio of 11.9x, up from the previous P/E ratio of 9.9x. This compares to an average P/E of 8x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 102%. Is New 90 Day High Low • Jan 05
New 90-day high: PK₨112 The company is up 9.0% from its price of PK₨103 on 07 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 24
New 90-day low: PK₨95.84 The company is down 1.0% from its price of PK₨96.70 on 26 August 2020. The Pakistani market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Luxury industry, which is up 5.0% over the same period. Reported Earnings • Nov 03
First quarter 2021 earnings released: EPS PK₨4.29 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨10.1b (up 32% from 1Q 2020). Net income: PK₨1.62b (up 117% from 1Q 2020). Profit margin: 16% (up from 9.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 06
Full year earnings released - EPS PK₨7.80 Over the last 12 months the company has reported total profits of PK₨2.94b, down 51% from the prior year. Total revenue was PK₨31.2b over the last 12 months, up 6.7% from the prior year. Profit margins were 9.4%, which is lower than the 21% margin from last year. The decrease in margin was driven by higher expenses. 