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AIRLINK - Annual Results 2024; continuing growth

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.

Air Link Communication Ltd

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. T here appear to be  substantial differences between interim results reported in September 2022 and December 2022.