Highnoon Laboratories Limited (HINOON): CY24 Corporate Briefing Takeaways - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Highnoon Laboratories Limited was incorporated in 1984 and got listed in 1994.The Company is mainly engaged in the manufacture, import, sale and marketing of pharmaceutical and related consumer products.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In CY24, stand-alone revenue clocked in at PKR 23Bn as compared to PKR 19Bn, up 19% over the SPLY mainly attributable to price increase, volume expansion and optimal product mix. Gross margins increased 3ppts arriving at 51% compared to 48% attributable to higher volumetric sales and prices.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Moreover, other income significantly increased by 1.3x. Finance cost...