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Packages Limited (PKGS):CY24 Corporate Briefing Takeaways - By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Wednesday, 30 April 2025
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In CY24, consolidated revenue clocked in at PKR 177Bn compared to PKR 157Bn, up 13% over the SPLY. Despite increase in sales gross margins declined ~5ppts arrived ~19% as compared to ~24% mainly due to the high material costs and fuel costs. Investment income declined ~38%YoY arriving at PKR 618Mn in CY24.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Finance cost arrived at PKR 18Bn as compared to PKR 13Bn, up 36%YoY in CY24, primarily d...

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