Karachi:- Security Papers Limited is pleased to report record revenue of $1,083 million for the nine months ended March 31, 2024, up 151 percent from $431 million in the same period last year.
The company’s outstanding performance was driven by successful rate negotiations, improved operational efficiency and timely investment in its portfolio. Net sales increased 46 percent to $5,297 million compared to $3,616 million in the same period last year. The sales volume was 3,070 tons compared to 3,038 tons in the same period last year and 3,177 tons compared to 317 tons in the same period last year.
Reflecting on the company’s vision to ensure effective cost management and improve operational efficiency, SPL reported total revenue of $1,483 million, up 136 percent from $628 million in the same period last year.
The company’s pre-tax profit was $1,756 million, up 165 percent from $662 million last year.
Aftab Manzoor, Chairman of SPL, expressed his enthusiasm for the financial results and said, “We are pleased to report another good quarter based on our operational and procurement excellence, strategic investments and customer-focused approach. We are committed to delivering record profits and a strong strategy for our stakeholders.” our interests.” We believe it will continue to generate growth and value.
The company believes that its strong strategy and timely operations will continue to grow despite the challenging economic environment. SPL is also working on various initiatives including production improvement programs and working closely with key stakeholders to contribute to the imminent release of the new banknote series.
Security Papers Limited Reports Record 151% increase in Profit for Nine Months Q3 FY 2023-24
