Gul Ahmed Textile Mills Limited (GATM): 2QFY24 EPS clocked in at PKR0.93 – Above expectation - By Insight Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">GATM has announced its 2QFY25 result, wherein the company has posted
consolidated PAT of PKR687mn (EPS: PKR0.93) vs. PKR547mn (EPS:
PKR0.74) in SPLY, up by 26% YoY. The result is above our expectation
due to higher-than-expected gross margin and lower tax expense.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 2QFY25, company’s revenue clocked in at PKR45.68bn compared to
PKR41.23bn in SPLY, up by ~11 YoY. The increase in topline is possibly
attributable to higher volumetric sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In dollar terms, company’s revenue clocked in at US$164.0mn in
2QFY25 vs. US$145.5mn in SPLY, up by ~13 YoY...
