PakStox Outlook

APL (Q2-Dec 2024) delivered mixed financial results for the quarter. The gross margin remained steady at 3%, consistent with the average of the last four quarters. Revenue declined by 5%, while gross profit saw a marginal increase of 1%. PBT decreased by 6%, but PAT remained flat with a 0% change.  APL had a finance income of Rs 1.74 billion for the quarter. The tax rate for the quarter was 35%, lower than the average of 39% over the previous four quarters.

MARI (Q2-Dec 2024) reported a decline in financial performance for the quarter. Revenue decreased by 8% compared to the average of the last four quarters. PBT and PAT saw more significant declines, dropping by 44% and 42%, respectively. This was primarily due to higher operating and administrative expenses, which more than doubled compared to the same quarter last year. The tax rate for the quarter stood at 25%, slightly lower than the average of 28% over the previous four quarters. In Q2-Dec 2024, MARI's operating profit was Rs. 12.58 billion, reflecting a sharp decline of over 57% compared to Q2-Dec 2023. In this quarter MARI recorded a finance income of Rs. 2.3 billion, no finance expenses. See report for details. See Key Financials