AIRLINK: 2nd Quarter Earning Release, Period Ending 31 Dec 2022.
EPS (2ndQ): Rs. 0.88 - Up 6.6% over last quarter. No cash or Stock Dividend.
The increase of 6.6% in the Profit after taxation over the Ist quarter was mainly due to tax reversal. The Profit before tax in fact declined by 4.8%, and Operating Profit declined by 6.8%, nullifying 6% increase in Revenues and 7.7% increase in Gross Profit.
Nonetheless increase in Revenues and Gross Profit is a positive sign.
In this quarter Airlink must have faced 'impediments in availability of Mobile Phones CBU and SKD Materials', as it did in the last quarter.
Interim financial Reports are reported un-audited. There appear to be substantial differences between interim results reported in September 2022 and December 2022.
On Friday the Market Price of AIRLINK closed at Rs. 22.63 down 2.6%. AIRLINK had made a 52week high of Rs. 58.67 and has declined closed to 60% in one year. The market price has declined substantially more than the KSE100 Index.
Airlink is trading at P/E of less than 5 and P/BV of less than 1.
Market Cap: Rs. 8.1 Billion
Annual Revenue: Rs. 28 Billion
Total Assets: Rs. 16.85 Billion
Total Equity: Rs. 12 Billion
Paid Up Capital: Rs. 3.95 Billion
AIRLINK imports, export distribution, indenting, wholesale, retail of communication and IT related products and services including cellular mobile/smart phones, tablets, laptops accessories and allied products.
Listing Year at PSX: 2021
Outstanding Shares: 395,269,231 Free Float: 30%
Download Earning Release. Link.
