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Packages Limited (PKGS): Corporate Briefing Notes - By Chase Research

  • By: Chase Securities Pakistan (Private) 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 reported an unconsolidated net profit of PKR 1.91 billion (EPS: PKR 20.68) for CY24, reflecting a notable decline from PKR 2.78 billion (EPS: PKR 30.37) in the previous year. This drop in profitability was primarily due to the absence of dividend income from Bulleh Shah Packaging (Private) Limited in the current year.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Overall, dividend income stood at PKR 4.06 billion in CY24, down from PKR 5.84 billion in CY23. Additionally, the finance cost rose to PKR 1.59 billion, driven by long-term borrowings to finance investments in group companies, including StarchPack (Private) Limited, Tri-Pack Films Limited, and Hoechst Pakistan Limite...

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