Karachi,31 July 2024 – Security Papers Limited (SPL) delivered its highest-ever profit, sales and
dividend performance, with a remarkable 55 per cent increase in profit before tax to PKR 2,392
million for the year ended June 30, 2024. This exceptional financial performance is a testament to
the company’s robust business strategy, operational efficiency, and commitment to excellence.
SPL achieved a record sales revenue of PKR 7,311 million, a significant increase from the previous
year, driven by strong demand for its specialized paper products, particularly banknote paper, while
the substantial increase in profit before tax is a result of SPL’s focus on expanding its product base,
improving productivity, and optimizing costs.
The company’s net profit also reached an all-time high of PKR 1,489 million, demonstrating
outstanding financial performance and growth momentum and it also achieved highest-ever
dividend payout of PKR 10.00 per share, i.e. 100pc for the year ended June 30, 2024. This is in
addition to the interim cash dividend already paid at the rate of PKR 2.50 per share i.e. 25pc making
a total of Rs 12.50 per share i.e. 125pc.
In a challenging business environment, SPL has demonstrated resilience and adaptability, leveraging
its technical expertise and market knowledge to capitalize on emerging opportunities. The company
has made significant investments in modernizing its production facilities, enhancing its product
quality, and developing a skilled workforce. With a strong focus on innovation, sustainability, and
social responsibility, SPL is well-positioned to navigate future challenges and capitalize on growth
opportunities.
SPL Chairman Aftab Manzoor expressed enthusiasm about the financial results, stating “We are
delighted to report our highest-ever sales and profit performance, which is a result of our relentless
efforts to drive growth, improve efficiency, and enhance our product offerings. This achievement is a
testament to our team’s dedication and hard work, and we are committed to sustaining this growth
momentum and creating long-term value for our stakeholders.”
SPL’s impressive financial performance is a reflection of its position as the leading manufacturer of
specialized paper products in Pakistan, including banknote paper and other security documents. The
company remains committed to innovation, sustainability, and social responsibility, ensuring a bright
future for the organization and its stakeholders.
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