AirLink Communication Limited (PSX: AIRLINK)) has reported its annual financial results for the year ending June 30, 2024.
The company earned a net income of Rs. 7.7 per share and declared a total cash dividend of Rs. 6 per share.
On an annual basis, AIRLINK's revenue saw a remarkable 162% increase, while profit before tax surged by 351% and profit after tax rose by 242%. Financial charges increased by 81%, and the tax rate remained at 5%, compared to a tax write-back last year.
In the last quarter (Q4 June 2024), AIRLINK earned a net income of Rs. 3.4 per share and declared a cash dividend of Rs. 4 per share. The profit after tax for the last quarter increased by 184% compared to the average of the last four quarters.
AIRLINK is currently trading at a price-to-earnings ratio of 18, with a dividend yield of 4.23%.
The company has no exposure in the KSE100 or KSE30 indices but has a 1.30% exposure in the KMI30 Index.
Over 73% of AIRLINK shares are held by sponsors.
The company wholly owns Select Technologies Pvt Ltd, which has established a smartphone assembly plant in Lahore. Approximately 90% of AIRLINK's non-current assets are tied to this subsidiary and long-term investments, presenting a potential source of value.
Disclosure of Material Information;
“…. pleased to announce the commencement of Xiaomi Smart TV production at our newly established state-of-the art TV production facility in Lahore, Pakistan, effective next month. This significant development not only enhances Airlink’s innovative production capabilities but also strengthens our revenue streams.”
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