Siddiqsons Tin Plate Limited has transmitted its Annual Report for the year ended June 30, 2026, highlighting a significant recovery in financial performance despite ongoing challenges in the market.
- Net sales increased by approximately 40% to PKR 2,834.14M, up from PKR 2,023.04M in the previous year.
- Gross profit rose by about 51% to PKR 334.64M, compared to PKR 221.78M in FY 2025.
- The company reported a profit after tax of PKR 3.19M, a turnaround from a loss of PKR 255.12M last year.
- Earnings per share (EPS) improved to PKR 0.01 from a loss of PKR 1.11 in the previous year.
- Annual production increased by 68% to 9,423 metric tons, with capacity utilization improving to approximately 7.85%.
- The report is audited and reflects the company's commitment to transparency and governance.
- Despite the positive results, challenges such as competition from low-priced imports and liquidity constraints remain.