Security Papers Limited achieves 5.75pc profit growth in Q1FY25

KARACHI: Security Papers Limited (SPL) has announced its unaudited financial results for the first quarter ended September 30, 2024. The company recorded a 5.75 per cent growth in after-tax profit compared to the same period last year, alongside an increase in earnings per share (EPS) which stood at Rs6.52 during this quarter.

In Q1FY25, SPL achieved net sales of Rs2,059 million, showcasing a significant increase from Rs1,728 million.

The cost of sales for Q1FY25 reached Rs1,483 million, up from Rs1,244 million in the same period last year. Moreover, the company’s profit after tax stood at Rs386 million, reflecting a 5.75 per cent increase as compared to Rs365 million same period last year.

Security Papers Limited (SPL) Chairman Muhammad Aftab Manzoor commented on the results, “While the 5.75 per cent increase is a positive step, we recognise the need for continued efforts.

Our strategic initiatives have strengthened our market position, and we will remain focused on enhancing our product offerings and expanding our reach to deliver value to our shareholders and customers alike.”