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HomeBusinessCAPITAL INFUSION: TREET TO RAISE PKR 2.5 BILLION THROUGH RIGHT SHARES BY...

CAPITAL INFUSION: TREET TO RAISE PKR 2.5 BILLION THROUGH RIGHT SHARES BY JANUARY 2024

Treet Corporation Limited (TREET) ne 1QFY24 mein PKR 15.74 million (EPS: PKR 0.09) ki net income report ki, jo ke PKR 103.92 million (EPS: PKR 0.59) ke mukable mein ek decline hai. Is doran, company ke revenue mein 19% YoY izafah hua aur 1QFY24 mein PKR 3.00 billion tak pohanch gaya.

Cost of sales 24% YoY izafay ke sath PKR 2.19 billion tak barh gayi. Administrative aur distribution expenses mein bhi izafah hua, jo ke 1QFY24 mein PKR 200.50 million aur PKR 242.64 million tak pohanch gaya. Company ki total capacity 2.2 billion report ki gayi hai.

Finance cost 89% YoY izafay ke sath 1QFY24 mein PKR 530.83 million tak pohanch gayi. Gross profit ne bhi 8% YoY izafah kiya aur 1QFY24 mein PKR 809.29 million tak pohancha.

Treet Corporation Limited ne FY23 mein total sales mein decline dekha, jo ke 1.7 billion tak pohancha, jabke net revenue ne 37% YoY increase kiya aur PKR 10.17 billion tak pohancha. FY23 mein profit after tax mein 84% YoY decline hua, jo ke PKR 134 million pohancha.

Treet Battery Limited ka revenue FY23 mein PKR 8.25 billion report kia gaya hai, jabke Treet Group ka total revenue FY23 mein PKR 23.35 billion pohancha. 

Company ka focus margin-driven SKUs aur planned expansion par hai, jis se finance aur short-term debt reprofiling ke zariye pura karna ka irada hai, Corporate briefing mein CEO ka kehna hai.

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