Interloop Limited (ILP): FY24 Result Review — Earnings slide as gross margins shrink – By AKD Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Ltd. (ILP) announced its FY24 financial results,
posting earnings of PkR15.8bn (EPS: PkR11.3), compared to PkR20.2bn (EPS:
PkR14.4) in FY23, a decline of 22%YoY. Earnings for 4QFY24 clocked in at
PkR2.6bn (EPS: PkR1.9), down 56%YoY, primarily due to a contraction in gross
margins and rising finance costs. Earnings for the quarter were below our
expectations, largely due to lower-than-anticipated gross margins. Along the
result, company announced a final dividend of PkR2.5/sh, below our forecast of
PkR3.0/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenues increased by 23%YoY in 4QFY24, reaching PkR43.3bn,
compared to PkR35.1bn in SPLY. The said sales growth was driven by higher...
