PakStox Outlook

Pak Elektron Limited (PSX:PAEL), Annual Results (December 2022) Share Price (Rs.) 3 Month 1 Year PAEL 10.67 -11.85% -29.77% PAEL earned a Profit after tax of Rs. 1.06 (EPS Rs. 1.33) declining 33% over last year. Announced no dividend.  Sales increased by 22% for the year ending December 22, 2012. Gross profit increased by 14%, while gross profit margin declined by 7% to 19.7%. Operating income increased by 24% on the reversal of Rs. 241 million on account of  'impairment allowance for expected credit loss'. A huge increase of 42% in the financial charges substantially nullified top line growth and profit before tax, which could only register a 6% increase. The tax rate increase to 54% from 28% last year impacted the bottom line negatively. PAT declined by 33%. Pak Elektron Limited Dec-2022 Dec-2021 yoy Rs. Mill Rs. Mill % Sales 52,386 42,887 22% Gross Profit 10,301 9,068 14% Operating Profit 5,439 4,381 24% Finance Cost -3,090 -2,174 42% Profit Before Tax 2,348 ...