PakStox Outlook

TREET | Treet Corporation Limited Earning Release Q3-Mar 2024 An earning per share (EPS) of Rs. 0.29, compared to EPS of Rs. 0.45 in the same period last year. No dividend was declared in this period. On a 9-month basis, TREET announced a loss per share of Rs. -0.65 compared to an EPS of Rs. 1.61 last year. TREET earned a profit after tax of Rs. 63.9 million for the third-quarter. In terms of the components of the profit and loss statement; ↗ Revenue increased by 5.2%, ↘ Gross profit decreased by 6.5%, ↗ EBIT increased by 3.0%, ↘ Profit before tax decreased by 48.4%. The tax rate for the quarter was 35.0%, which was lower by 14.3% compared to the same quarter last year. The gross profit margin for the quarter was 32.1%, which was lower by 4.0% compared to the same quarter last year. TREET did face gross margin pressure and higher operating costs, but the main hit to the quarterly profit was from financial changes that were higher by Rs 108 million over last year. TREET did manage to po...