Service Global Footwear Ltd. (PSX:SGF) - Full Year Financial Results (Dec 2022)
SGF announced another cash dividend of Rs. 1/- per share for the year ending December 2022, in addition to the Rs. 2.5 per share already distributed as an interim dividend. This is a good payout.
EPS for the year ending December 2022 was Rs. 1.67, declining 15% from last year.
There was a substantial increase of 67% in sales, and in addition to that, the gross profit margin of the company also increased by 1% over last year. EBIT registered an increase of 84% due to higher other operating income. But the profit before tax could only increase by 20% due to higher financial charges and accounted share of loss of Rs. 225 million in an Investee.
Profits after taxes fell 15% as the bottom line got hit with higher taxes at 50% compared to last year's 29%.
SGF stock is trading at around Rs. 27.3. In last 52 weeks SGF market price has seen a high of Rs. 52 and low of Rs. 25.
