Karachi, 30 January 2025 – Security Papers Limited (SPL) has reported a strong financial performance for the first half of the fiscal year 2024-25, achieving a 7.5% increase in after-tax profit compared to the same period last year. This solid growth is reflective of the company’s strategic approach and efficient operations amidst a dynamic market environment. Additionally, SPL’s Earnings Per Share (EPS) for the period also saw an impressive rise of 7.5%, further underlining the company’s robust performance.
For the half-year period ended December 31, 2024, SPL recorded net sales of Rs. 4.1 billion, marking a notable growth from Rs. 3.4 billion during the same period last year (H1 FY2023-24). This growth was driven by strong demand across key product lines, reinforcing SPL’s position as a leading player in its industry.
The company’s after-tax profit for H1 FY2024-25 reached Rs. 802 million, representing a 7.5% increase over the Rs. 746 million posted during the same period in FY2023-24. The Earnings Per Share (EPS) also climbed to Rs. 13.54, compared to Rs. 12.59 in the previous year, further reflecting the company’s ability to generate consistent profitability despite market challenges.
Muhammad Aftab Manzoor, Chairman of SPL, commented on the results:
“We are extremely pleased with our performance in this half year, which demonstrates the strength of our strategy and our ability to deliver consistent results. Our focus on operational excellence has allowed us to navigate market challenges and create lasting value. We remain committed to driving growth in the industry and continuing to enhance shareholder value.”
Strategic Focus and Future Outlook
Looking ahead, SPL is committed to maintaining its growth momentum and further improving its operational efficiencies to continue driving long-term sustainability. The company aims to focus on innovative solutions and expand its market footprint to ensure continued success in the coming months.
SPL’s strong performance in the first half of FY2024-25 reflects its ability to adapt to market conditions while optimising its operations. With a clear strategy for future growth, the company is poised to continue delivering strong financial results in the second half of the year.