Sitara Chemical Industries Limited (SITC): FY24 Corporate Briefing Takeaways – By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sitara Chemical Industries Limited (SITC) is a chemical manufacturing company founded in 1981, specializing in the production and sale of a wide range of chemicals, including caustic soda, chlorine, hydrochloric acid, and sodium hypochlorite.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Company&rsquo;s revenue in FY24 was PKR 31,112Mn, compared to PKR 27,493Mn in FY23 (13.16% YoY increase) even though sales for caustic soda, SITC&rsquo;s primary product, declined.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite an overall increase in revenue, the Company&rsquo;s gross profit margin decreased to 15.81% in FY24 from 16.29% in FY23. This ...