Roshan Packages Ltd. held its corporate briefing session in which the management discussed the latest financial performance and outlook of the company.
• During 4QFY20, the top line of the company took a slight hit due to seasonal and COVID-19 impact. However, in 1QFY21, the sales of the company bounced back to PKR 1.6bn which translates into PAT of PKR 86mn as compared to PKR 20mn in SPLY (up by 3.2x YoY). Improved gross margins during FY20 results from internal efficiencies and control over wastages.
• For backward integration, the company has acquired land and the estimated cost of the project is PKR 2.4bn and expected to commence operations in two years after financial closure which currently is in progress. (Spectrum Research’)