Reported Earnings • May 01
Third quarter 2026 earnings released: EPS: PK₨2.19 (vs PK₨5.04 in 3Q 2025) Third quarter 2026 results: EPS: PK₨2.19 (down from PK₨5.04 in 3Q 2025). Revenue: PK₨1.57b (down 5.0% from 3Q 2025). Net income: PK₨129.6m (down 57% from 3Q 2025). Profit margin: 8.2% (down from 18% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 22
Security Papers Limited to Report Q3, 2026 Results on Apr 29, 2026 Security Papers Limited announced that they will report Q3, 2026 results on Apr 29, 2026 New Risk • Feb 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 6.9% 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 Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (PK₨11.6b market cap, or US$41.4m). Reported Earnings • Jan 30
Second quarter 2026 earnings released: EPS: PK₨3.60 (vs PK₨7.02 in 2Q 2025) Second quarter 2026 results: EPS: PK₨3.60 (down from PK₨7.02 in 2Q 2025). Revenue: PK₨1.90b (down 10.0% from 2Q 2025). Net income: PK₨213.3m (down 49% from 2Q 2025). Profit margin: 11% (down from 20% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 25% per year. Tillkännagivande • Jan 22
Security Papers Limited to Report First Half, 2026 Results on Jan 29, 2026 Security Papers Limited announced that they will report first half, 2026 results on Jan 29, 2026 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨197, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 20x in the Forestry industry in Asia. Total returns to shareholders of 180% over the past three years. Reported Earnings • Oct 31
First quarter 2026 earnings released: EPS: PK₨4.87 (vs PK₨6.52 in 1Q 2025) First quarter 2026 results: EPS: PK₨4.87 (down from PK₨6.52 in 1Q 2025). Revenue: PK₨1.84b (down 11% from 1Q 2025). Net income: PK₨288.5m (down 25% from 1Q 2025). Profit margin: 16% (down from 19% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨223, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 20x in the Forestry industry in Asia. Total returns to shareholders of 143% over the past three years. Upcoming Dividend • Sep 11
Upcoming dividend of PK₨9.00 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Lower than top quartile of Pakistani dividend payers (7.4%). Higher than average of industry peers (2.4%). Reported Earnings • Sep 09
Full year 2025 earnings released: EPS: PK₨25.72 (vs PK₨25.12 in FY 2024) Full year 2025 results: EPS: PK₨25.72 (up from PK₨25.12 in FY 2024). Revenue: PK₨7.87b (up 7.6% from FY 2024). Net income: PK₨1.52b (up 2.4% from FY 2024). Profit margin: 19% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 01
Dividend reduced to PK₨9.00 Dividend of PK₨9.00 is 10.0% lower than last year. Ex-date: 18th September 2025 Payment date: 1st January 1970 Dividend yield will be 6.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jul 31
Security Papers Limited, Annual General Meeting, Sep 26, 2025 Security Papers Limited, Annual General Meeting, Sep 26, 2025. Reported Earnings • May 02
Third quarter 2025 earnings released: EPS: PK₨5.04 (vs PK₨5.69 in 3Q 2024) Third quarter 2025 results: EPS: PK₨5.04 (down from PK₨5.69 in 3Q 2024). Revenue: PK₨1.66b (down 8.5% from 3Q 2024). Net income: PK₨298.7m (down 11% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). 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 11% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 19
Security Papers Limited Announces Directorate Changes Security Papers Limited announced a change in its board of directors, as Mrs. Pemur Alaybeyoglu is appointed as the new nominee director representing Sumer Holding A.S., Turkiye. This appointment replaces Ms. Figen Caliskan, who previously held the position. According to the official communication from Security Papers Limited, stakeholders, including the TRE Certificate Holders of the Exchange, have been advised to take note of this transition. The company has indicated that this change is part of its ongoing governance and oversight adjustments aimed at maintaining effective representation and oversight on the board The announcement of the new director appointment was necessitated by the internal restructuring within the board composition, a move that underscores Sumer Holding A.S."s strategic interest in maintaining a robust engagement with Security Papers Limited. The change is expected to be seamless as Mrs. Alaybeyoglu steps into her new role. According to information available from the Pakistan Stock Exchange (PSX), Security Papers Limited is categorized under the designated market category of paper products. This change in directorship is a noteworthy event for the company, which is a significant entity within its market segment. notifications have been issued to ensure compliance with corporate governance standards. The company has assured stakeholders of a smooth transition without any disruptions to its regular operations or strategic objectives. Reported Earnings • Feb 02
Second quarter 2025 earnings released: EPS: PK₨7.02 (vs PK₨6.43 in 2Q 2024) Second quarter 2025 results: EPS: PK₨7.02 (up from PK₨6.43 in 2Q 2024). Revenue: PK₨2.11b (up 20% from 2Q 2024). Net income: PK₨415.9m (up 9.2% from 2Q 2024). Profit margin: 20% (down from 22% in 2Q 2024). 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 whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨191, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the Forestry industry in Asia. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨170, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 18x in the Forestry industry in Asia. Total returns to shareholders of 96% over the past three years. Tillkännagivande • Dec 03
Security Papers Limited Announces Chief Financial Officer Changes Security Papers Limited has announced a change in its executive lineup with the appointment of Mr. Wasif Sajjad as the new Chief Financial Officer (CFO), replacing Mr. Mudassir Ali Khan, who served as the Acting CFO. Mr.
Sajjad, who is a Fellow Chartered Accountant (FCA), assumed his new role on December 2, 2024. This appointment is expected to bring new direction to the financial management at Security Papers Limited, as the company continues to navigate the complexities of the market. The change in CFO is part of the company's ongoing efforts to strengthen its management team. Reported Earnings • Oct 23
First quarter 2025 earnings released: EPS: PK₨6.52 (vs PK₨6.16 in 1Q 2024) First quarter 2025 results: EPS: PK₨6.52 (up from PK₨6.16 in 1Q 2024). Revenue: PK₨2.06b (up 19% from 1Q 2024). Net income: PK₨386.2m (up 5.7% from 1Q 2024). Profit margin: 19% (down from 21% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. New Risk • Sep 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (201% cash payout ratio). Market cap is less than US$100m (PK₨8.30b market cap, or US$29.8m). Upcoming Dividend • Sep 10
Upcoming dividend of PK₨10.00 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 16 October 2024. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 8.9%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (2.3%). Tillkännagivande • Jul 31
Security Papers Limited, Annual General Meeting, Sep 25, 2024 Security Papers Limited, Annual General Meeting, Sep 25, 2024. Location: at security paper limited , jinnah avenue, malir halt, karachi Pakistan Tillkännagivande • Jul 23
Security Papers Limited to Report Fiscal Year 2024 Results on Jul 30, 2024 Security Papers Limited announced that they will report fiscal year 2024 results on Jul 30, 2024 Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨5.69 (vs PK₨1.60 in 3Q 2023) Third quarter 2024 results: EPS: PK₨5.69 (up from PK₨1.60 in 3Q 2023). Revenue: PK₨1.81b (up 67% from 3Q 2023). Net income: PK₨336.9m (up 255% from 3Q 2023). Profit margin: 19% (up from 8.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Tillkännagivande • Apr 05
Security Papers Limited Announces CFO Transition Security Papers Limited has announced a change in its leadership team, appointing Mr. Mudassir Ali Khan as the Acting Chief Financial Officer (CFO), effective April 4, 2024. Mr. Khan will be taking over the responsibilities from Mr. Babar Aijaz. The announcement was made to the Pakistan Stock Exchange (PSE), indicating a significant shift in the company's financial oversight. Tillkännagivande • Mar 26
Security Papers Limited Announces Resignation of Board Member Uzma Aijaz Security Papers Limited announced the resignation of Mrs. Uzma Aijaz from its Board of Directors. Mrs. Aijaz resigned from her directorship on October 4, 2023, with the Board officially accepting her resignation on October 15, 2023. New Risk • Mar 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (181% cash payout ratio). Market cap is less than US$100m (PK₨7.94b market cap, or US$28.4m). Upcoming Dividend • Feb 24
Upcoming dividend of PK₨2.50 per share Eligible shareholders must have bought the stock before 01 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨148, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 15x in the Forestry industry in Asia. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨112, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 14x in the Forestry industry in Asia. Total loss to shareholders of 19% over the past three years. Reported Earnings • Nov 01
First quarter 2024 earnings released: EPS: PK₨6.16 (vs PK₨3.54 in 1Q 2023) First quarter 2024 results: EPS: PK₨6.16 (up from PK₨3.54 in 1Q 2023). Revenue: PK₨1.73b (up 46% from 1Q 2023). Net income: PK₨365.2m (up 74% from 1Q 2023). Profit margin: 21% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year. New Risk • Oct 13
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 6.1% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (PK₨6.40b market cap, or US$23.0m). Upcoming Dividend • Oct 06
Upcoming dividend of PK₨11.00 per share at 10% yield Eligible shareholders must have bought the stock before 13 October 2023. Payment date: 16 November 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 10%. Lower than top quartile of Pakistani dividend payers (14%). Higher than average of industry peers (1.9%). Tillkännagivande • Oct 06
Security Papers Limited, Annual General Meeting, Oct 26, 2023 Security Papers Limited, Annual General Meeting, Oct 26, 2023, at 10:00 Pakistan Standard Time. Location: Security Papers Limited, Jinnah Avenue, Malir Halt, Karachi Pakistan Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the year ended June 30, 2023, together with the Directors' and Auditors' Reports thereon; to approve the payment of cash dividend at the rate of PKR 11/- per share i.e., 110% for the year ended June 30, 2023, as recommended by the Board of Directors; to appoint Auditors for the Financial Year 2023-24 and to fix their remuneration; and to consider other matters. Tillkännagivande • Jun 07
Security Papers Limited Announces Director Changes Security Papers Limited announced that Mr. Ahmad Hatarni Yazd as Director, effective from May 31, 2023. Mr. Yazd steps into this role, succeeding Dr. Abolghassem Jamshidi, who has held the position for an extended period. As the newly appointed Director, Mr. Ahmad Hatarni Yazd brings a wealth of experience and expertise to SPL. With an impressive background in the field of security and a deep understanding of the paper industry, Mr. Yazd is expected to lead the company to new heights. Throughout his career, Mr. Yazd has held prominent positions in various organizations, demonstrating exceptional leadership skills and a strong commitment to excellence. His vast knowledge of security measures and a keen eye for technological advancements in the paper industry make him an ideal choice for the role. The departure of Dr. Abolghassem Jamshidi, who has steered the company through various challenges and achievements, marks the end of an era. Dr. Jamshidi's contributions to the growth and success of Security Papers Limited have been highly regarded, and his expertise will be missed. Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: PK₨1.60 (vs PK₨5.59 in 3Q 2022) Third quarter 2023 results: EPS: PK₨1.60 (down from PK₨5.59 in 3Q 2022). Revenue: PK₨1.08b (down 19% from 3Q 2022). Net income: PK₨94.8m (down 71% from 3Q 2022). Profit margin: 8.8% (down from 25% in 3Q 2022). The decrease in margin was driven by lower revenue. 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. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. 2 highly experienced directors. 3 independent directors (7 non-independent directors). Non-Executive Director Jamal Nasim is the most experienced director on the board, commencing their role in 2010. Independent Director Muhammad Sualeh Faruqui was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 07
Full year 2022 earnings released Full year 2022 results: Revenue: PK₨5.15b (up 2.9% from FY 2021). Net income: PK₨949.0m (down 35% from FY 2021). Profit margin: 18% (down from 29% in FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 06
Upcoming dividend of PK₨10.00 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 16 November 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 8.2%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (2.3%). Reported Earnings • May 01
Third quarter 2022 earnings released: EPS: PK₨5.59 (vs PK₨6.95 in 3Q 2021) Third quarter 2022 results: EPS: PK₨5.59 (down from PK₨6.95 in 3Q 2021). Revenue: PK₨1.33b (down 17% from 3Q 2021). Net income: PK₨331.4m (down 20% from 3Q 2021). Profit margin: 25% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (8 non-independent directors). Non-Executive Independent Director Jamal Nasim is the most experienced director on the board, commencing their role in 2010. Independent Director Muhammad Sualeh Faruqui was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS PK₨3.85 (vs PK₨6.36 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨1.18b (up 14% from 1Q 2021). Net income: PK₨228.0m (down 40% from 1Q 2021). Profit margin: 19% (down from 36% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 10
Upcoming dividend of PK₨9.00 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 22 October 2021. Trailing yield: 6.1%. Lower than top quartile of Pakistani dividend payers (9.3%). Higher than average of industry peers (2.0%). Executive Departure • Sep 01
Non-Executive Director Rauf Ahmad has left the company On the 27th of August, Rauf Ahmad's tenure as Non-Executive Director ended after 5.1 years in the role. We don't have any record of a personal shareholding under Rauf's name. A total of 3 executives have left over the last 12 months. Executive Departure • Sep 01
Chairman Muhammad Rasheed has left the company On the 27th of August, Muhammad Rasheed's tenure as Chairman ended after 4.0 years in the role. We don't have any record of a personal shareholding under Muhammad's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Aug 29
Full year 2021 earnings released: EPS PK₨24.61 (vs PK₨21.54 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨5.00b (up 2.0% from FY 2020). Net income: PK₨1.46b (up 14% from FY 2020). Profit margin: 29% (up from 26% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨163, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 17x in the Forestry industry in Asia. Total returns to shareholders of 71% over the past three years. Reported Earnings • May 01
Third quarter 2021 earnings released: EPS PK₨6.95 (vs PK₨0.44 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨1.61b (up 34% from 3Q 2020). Net income: PK₨412.0m (up PK₨385.9m from 3Q 2020). Profit margin: 26% (up from 2.2% in 3Q 2020). 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 only increased by 2% per year, which means it is significantly lagging earnings growth. Executive Departure • Apr 29
Non-Executive Director has left the company On the 21st of April, Naveed Ehtesham's tenure as Non-Executive Director ended after 4.7 years in the role. We don't have any record of a personal shareholding under Naveed's name. A total of 4 executives have left over the last 12 months. Is New 90 Day High Low • Feb 25
New 90-day low: PK₨145 The company is down 14% from its price of PK₨170 on 27 November 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 22% over the same period. Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS PK₨3.01 (vs PK₨8.40 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨738.3m (down 43% from 2Q 2020). Net income: PK₨178.6m (down 64% from 2Q 2020). Profit margin: 24% (down from 38% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 29
New 90-day low: PK₨166 The company is down 10.0% from its price of PK₨186 on 29 October 2020. The Pakistani market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: PK₨170 The company is down 21% from its price of PK₨216 on 09 September 2020. The Pakistani market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 6.0% over the same period. Reported Earnings • Oct 24
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.41b, up 80% from the prior year. Total revenue was PK₨4.75b over the last 12 months, up 14% from the prior year. Tillkännagivande • Jul 25
Security Papers Limited to Report Fiscal Year 2020 Results on Jul 24, 2020 Security Papers Limited announced that they will report fiscal year 2020 results on Jul 24, 2020 
