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AGP Limited Reports Strong Q1 Performance, with 26.9% Increase in Profit After Tax

AGP | AGP Limited  Earning Release Q1-Mar 2024  AGP announced earnings per share (EPS) of Rs. 1.47, compared to Rs. 1.16 in the same quarter last year.  The company did not declare any dividends in this quarter.  AGP earned a profit after tax of Rs. 412.7 million for the first quarter. Registering an increase of 26.9% over last year.  In terms of the components of the profit and loss;  ↗ Revenue increased by 35.1%,  ↗ Gross profit increased by 21.3%.  ↗ EBIT increased by 85.1%,  ↗ Profit before tax increased by 47.0%.  The tax rate for the quarter was 30.9%, which was higher by 10.9% compared to the same quarter last year. The gross profit margin for the quarter was 41.7%, which was 4.7% lower than the same quarter last year.  A slight pressure on gross margin, coupled with a substantial increase in financial charges from Rs. 31 million in the first quarter last year to Rs. 213 million this quarter, has impacted the company's profit...