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Hi-Tech Lubricants - Pseudo listed

For the years ending 2024 and 2023, HTL incurred operating losses. Income during these periods primarily consisted of "other income," which was substantially comprised of dividend income from its 100% owned subsidiary, Hi-Tech Blending.

Furthermore, in both 2024 and 2023, HTL benefited from a tax write-back. This write-back boosted profit after tax (PAT) in 2024 and reduced the net loss in 2023. The tax write-back resulted from the company and its subsidiary, Hi-Tech Blending (Private) Limited, being taxed as a group.

Lat cash dividend was paid in Year 2022. 

With over 75% holding with sponsors what is the point of listing for PSX participants.




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