Latest news with #SecurityPapersLimited
Business Recorder
01-08-2025
- Business
- Business Recorder
Year ended Jun 30, 2025: SPL posts Rs2.414bn PBT
KARACHI: Security Papers Limited (SPL) has announced its financial results for the year ended June 30, 2025, with record sales and profits. The company earned a profit before tax of PKR 2.414 billion, reflecting its sustained growth, solid strategy, and efficient operations. SPL achieved a gross profit of PKR 2.204 billion, an 8 percent increase from last year driven by a strong demand for its specialized security paper products, especially banknote paper. The increase in profit before tax is the result of optimized operations and better cost management. Net profit climbed to PKR 1.524 billion. The Board approved a final cash dividend of PKR 9.0 per share (90%), in addition to an interim dividend of PKR 2.50 per share (25%), bringing the total to PKR 11.50 per share (115%). The Board of Directors have also approved the budget of the Company for the FY-2025-26. SPL Chairman Aftab Manzoor expressed confidence in the company's continued growth, saying, 'This year's performance reflects the unwavering dedication and vision of our team, as well as our focus on innovation, operational excellence, and long-term value creation. We remain committed to delivering consistent growth and exceeding the expectations of our stakeholders.' Over the past year, SPL has remained focused on upgrading its manufacturing facilities and optimizing processes through the integration of advanced technologies. As part of its commitment to achieve sustainable growth, the Company is working on projects aimed at generating electricity through renewable energy sources and recycling wastewater. Copyright Business Recorder, 2025
Business Recorder
30-04-2025
- Business
- Business Recorder
SPL announces increased profit for 9 months ended FY25
KARACHI: Security Papers Limited (SPL) has reported a gross profit of Rs 1.599 billion for the nine months ended March 31, 2025, up from Rs 1.483 billion in the same period last year, with an increase of 8 percent. This demonstrates the company's ability to maintain strong financial performance. According to un-audited financial results announced by the company, the SPL's profit before taxation stood at Rs 1.790 billion, reflecting a 2 percent increase from Rs 1.756 billion in the previous year, showcasing SPL's strong operational efficiency and strategic initiatives. Additionally, profit after taxation was reported at Rs 1.101 billion, reflecting a 2 percent increase from Rs 1.083 billion during the same period last year. Aftab Manzoor, Chairman of SPL, commented on the results said that the increase in net sales, gross profit, and profit before and after taxation reflects the success of our strategic initiatives and the dedication of our team. 'We remain focused on delivering sustainable growth and creating value for our stakeholders, he added. It may be mentioned here that SPL recently signed a Memorandum of Understanding (MoU) with Giesecke+Devrient (G+D) for the upgradation and modernization of its existing paper machine PM-2. This strategic move aligns with the State Bank of Pakistan's initiative to introduce a new banknote series with enhanced security features in line with international standards, enabling SPL to produce banknote paper with advanced security features tailored to key customer requirements. Copyright Business Recorder, 2025
