Air Link Communication Limited (PSX: AIRLINK) has announced a profit-after-tax (PAT) of Rs. 1.48 billion for 2QFY25 (EPS of Rs. 3.75), up 18 year-over-year (YoY) and 46 over the previous quarter (QoQ).
The result took 1HFY25 earnings to Rs. 2.32 billion (EPS of Rs. 5.87), up 14 percent YoY. The result came in line with industry expectations, said brokerage house Topline Securities.
Along with the result, the company announced cash dividend of Rs. 2.5 per share. Gross margins improved to 9.2 percent in 2QFY25 from 7.7 percent in 2QFY24 amid absorption of fixed costs.
Net sales clocked in at Rs. 35 billion, down 1 percent YoY while up 60 percent QoQ. The significant jump in QoQ sales is primarily higher volumetric sales.
AIRLINK also announced stock split of 5:1, where shareholders will be entitled to receive 5 shares of Rs. 2 for every 1 share of Rs. 10 following the approval of Shareholders and by receipt of all necessary regulatory approvals. The Extraordinary General Meeting (EOGM) of the will be held on March 27, 2025.
The stock split will enhance investor accessibility, improve market liquidity, and align AIRLINK’s stock price with broader market participation, the company said.
The effective tax rate stood at 19 percent in 2QFY25, compared to 16 percent in 2QFY24 and 31 percent in 1QFY25.
