Qudsia Bano

PAK Datacom Limited posted 65% year-on-year growth in revenue during the first nine months of the current fiscal year 2022-23, according to its financial performance report for the July-March period.

This growth can be attributed to the company's ability to capture new customers and expand its market share.

With the increase in revenue, the gross profit increased by 125%, indicating the company was able to control its costs and improve its operational efficiency.

The profit-before-tax increased by an impressive 538%, suggesting the company managed to generate higher revenues and cut its expenses.

Similarly, the cost-effective measures and higher revenue and gross profit translated into a 160% increase in net profit.

The promising performance in the first nine months of FY23 shows the company is poised to end the year with a higher growth trajectory. The company's ability to capture new customers and improve its operational efficiency will be key to sustaining its growth in the future.

Performance in 2021-22

The total revenue of PAK Datacom increased by 38% to Rs1.24 billion in FY22 from Rs897.2 million in FY21. However, the gross profit decreased by 18% to Rs148.5 million in FY22 from Rs181.9 million in FY21.

Despite this, the profit-before-tax saw a significant increase of 274% to Rs254.6 million in FY22 from Rs68.1 million in FY21, indicating the company was able to manage its expenses effectively.

The net profit also saw an exceptional growth of 1405% as profit grew from Rs15.4 million in FY21 to Rs231.3 million in FY22. This may be due to various reasons, such as increased sales and cost-cutting measures.

The earnings per share (EPS) also saw a massive increase of 1400% with EPS rocketing to Rs19.50 from Rs1.30.

Overall, the company's performance in 2022 was impressive, with significant growth in revenue, profit, and EPS.

About the company

PAK Datacom was incorporated in Pakistan on July 13, 1992, as a private limited company under the Companies Ordinance, 1984, which has since been replaced with Companies Act, 2017. It was converted into a public limited company on June 26, 1994.

The company commenced its commercial activities on July 1, 1994, and is principally engaged in setting up, operating, and maintaining a network of data communication.

Credit : Independent News Pakistan-WealthPk