External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Image Pakistan Limited / Equity Bottom-Up

<ul><li>Image Pakistan (IMAGE) announced its 2QFY24 result today, wherein they posted a consolidated earnings of Rs65mn (EPS of Rs0.49) down 27% YoY and 64% QoQ. This takes 1HFY24 earnings to Rs88mn (EPS of Rs1.87), up 43% YoY.</li><li>In 2QFY24, decline in YoY and QoQ earnings is primarily due to lower gross margins and higher effective tax rate.</li><li>Gross margins declined to 41% in 2QFY24, compared to 43% in 2QFY23 and 47% in 1QFY24. The decline in gross margins is primarily due to seasonal effects, where the company had to offer discounts on Christmas and Black Friday to clear seasonal ending stocks, as per management.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Image Pakistan (IMAGE) announced its 2QFY24 result today, wherein they posted a consolidated earnings of Rs65mn (EPS of Rs0.49) down 27% YoY and 64% QoQ. This takes 1HFY24 earnings to Rs88mn (EPS of Rs1.87), up 43% YoY.In 2QFY24, decline in YoY and QoQ earnings is primarily due to lower gross margins and higher effective tax rate.Gross margins declined to 41% in 2QFY24, compared to 43% in 2QFY23 and 47% in 1QFY24. The decline in gross margins is primarily due to seasonal effects, where the company had to offer discounts on Christmas and Black Friday to clear seasonal ending stocks, as per management.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Image Pakistan Limited (IMAGE): Announced EPS of Rs0.49 (-27% YoY% & 64% QoQ) In 2QFY24