Pakistan Hotels Developers Limited (PHDL): FY24 Analyst Briefing Takeaways – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Hotels Developers Limited (PHDL) held its corporate briefing session today to discuss FY24 financial results and provide insights on the future outlook. Key takeaway from the call are as follows:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In FY24, PHDL earned a revenue of PkR728.5mn, reflecting a 30% YoY increase and a profit of PkR446.8mn, reflecting a 913% increase YoY, translating to an EPS of PkR24.83.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Following the completion of the sale of the Hotel to Siut, shareholders approved the solvency of the company as recommended by the BOD.</span></li></ul><p></p>