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For the six months ending December 31, 2024, Treet Corporation Limited reported a net revenue of 13,424,028 thousand Rupees, resulting in a gross profit of 3,402,082 thousand Rupees. The company achieved a profit of 100,201 thousand Rupees after taxation, a significant improvement compared to a loss of 267,397 thousand Rupees in the same period of the previous year. Total comprehensive income for the period was 133,568 thousand Rupees, reflecting positive performance in the company's financials.

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4 views

part-11

For the six months ending December 31, 2024, Treet Corporation Limited reported a net revenue of 13,424,028 thousand Rupees, resulting in a gross profit of 3,402,082 thousand Rupees. The company achieved a profit of 100,201 thousand Rupees after taxation, a significant improvement compared to a loss of 267,397 thousand Rupees in the same period of the previous year. Total comprehensive income for the period was 133,568 thousand Rupees, reflecting positive performance in the company's financials.

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hayatkhanwazir567567
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© © All Rights Reserved
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Condensed interim consolidated statement of profit or loss (un-audited)

For the period ended December 31, 2024

Six months ended Three months ended


31 December 31 December 31 December 31 December
2024 2023 2024 2023
Note (Rupees in thousand)
Revenue - net 7 13,424,028 12,040,019 6,467,661 5,361,485
Cost of revenue 8 (10,021,946) (9,350,249) (4,691,988) (4,213,758)
Gross profit 3,402,082 2,689,770 1,775,673 1,147,727

Administrative expenses (833,642) (547,002) (425,339) (319,490)


Distribution cost (1,277,269) (1,058,062) (668,861) (597,036)
(2,110,911) (1,605,064) (1,094,200) (916,526)
Operating profit 1,291,171 1,084,706 681,473 231,201

Other income 175,673 149,200 122,907 69,558


Other operating expenses (33,859) (20,094) (33,859) (10,592)
Finance cost (950,842) (1,361,612) (433,392) (690,652)
Share of profit / (loss) of associate 26,382 (28,883) 13,607 17,413
Profit before levies and income tax 508,525 (176,683) 350,736 (383,072)
Minimum tax differential (78,758) (4,724) (90,552) (1,972)
Final tax - (17,070) - (3,944)
Profit before income tax 429,767 (198,477) 260,184 (388,988)
Taxation
- Group (308,969) (60,218) (179,312) 31,053
- Associate (20,597) (8,702) (10,946) 975
Profit for the period 100,201 (267,397) 69,926 (356,960)
(Profit) / Loss attributable to minority interest (23,238) (44,466) (15,429) (22,659)
Profit/(Loss) attributable to group 76,963 (311,863) 54,497 (379,619)

--------------------- (Rupees) ---------------------


Earnings per share
Basic earnings per share (Rupees) 0.27 (1.43) 0.19 (1.74)

The annexed notes 1 to 12 form an integral part of these financial statements.

LAHORE Syed Sheharyar Ali Mansoor Murad Syed Shahid Ali


February 26, 2025 Chief Executive Officer Chief Financial Officer Director

30 Treet Corporation Limited


Condensed interim consolidated statement of comprehensive income (un-audited)
For the period ended December 31, 2024

Six months ended Three months ended


31 December 31 December 31 December 31 December
2024 2023 2024 2023
(Rupees in thousand)
Profit after taxation 100,201 (267,397) 69,926 (356,960)

Other comprehensive income


Fair value gain/(loss) on investment in
equity instrument designated at FVTOCI 33,367 - - -
33,367 - - -
Total comprehensive income for the period 133,568 (267,397) 69,926 (356,960)

The annexed notes 1 to 12 form an integral part of these financial statements.

LAHORE Syed Sheharyar Ali Mansoor Murad Syed Shahid Ali


February 26, 2025 Chief Executive Officer Chief Financial Officer Director

Half Yearly Report 2024 31


32
Condensed interim consolidated statement of changes in equity (un-audited)
For the period ended December 31, 2024

Share in cap- Surplus on Unappro- Non -


Share Share Capital Statutory General Loan from
ital reserve of revaluation of priated Controlling Total
Capital Premium Reserve Reserve Reserve director
associate fixed assets Profit Interest
-----------------------------------------(Rupees in thousand)----------------------------------------------

Balance as on June 30, 2023 as previously reported 1,787,211 - 4,905,156 212,184 6,495,360 511,941 266,400 - (4,820,401) - 9,357,851
Loan from Director - - - - - - - 150,000 - - 150,000

Treet Corporation Limited


Total comprehensive income for the period - - - - - - - - 14,805 14,805
Incremental depreciation transferred from surplus on
revaluation of property, plant and equipment - - - (99,570) - - - 99,570 - -
Balance as on December 31, 2023 1,787,211 - 4,905,156 212,184 6,395,790 511,941 266,400 150,000 (4,706,026) - 9,522,656

Balance as on June 30, 2024 3,710,288 5,433,716 629 139,428 8,611,894 565,219 266,400 - (4,484,753) 468,285 14,711,106
Transfer of share of NCI - disposal of share in TBL - - - - - - - - 1,182,598 204,487 1,387,085
Total comprehensive income for the period - - - - - - - - 110,329 23,238 133,567
Incremental depreciation transferred from surplus on
revaluation of property, plant and equipment - - - - (107,003) - - - (107,003) - -
Balance as on December 31, 2024 3,710,288 5,433,716 629 139,428 8,504,891 565,219 266,400 - (3,084,823) 696,010 16,231,758

The annexed notes 1 to 12 form an integral part of these financial statements.

LAHORE Syed Sheharyar Ali Mansoor Murad Syed Shahid Ali


February 26, 2025 Chief Executive Officer Chief Financial Officer Director

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