Murree: Treet Corporation Ltd. (TREET) held a corporate briefing today, revealing a significant turnaround in its financial performance for FY25. The company reported a 15% increase in topline revenue, reaching PkR12.6 billion, compared to PkR10.9 billion during the same period last year. This growth was driven by a 22% price increase, despite a 5.3% decline in sales volume.
Earnings for the fiscal year improved to PkR1.0 billion, translating to an earnings per share (EPS) of PkR2.82. This marks a substantial recovery from the previous fiscal year's loss of PkR107 million, or a loss per share (LPS) of PkR0.35. The company's improved margins and reduced finance costs contributed to this positive outcome.
During the briefing, Treet's management highlighted the composition of its revenue streams. Hygiene razors accounted for approximately 40% of the company's total revenue, while double-edge razors contributed about 35%. Shaving foam products made up less than 10%.
The briefing provided insights into Treet's strategic focus and financial recovery, indicating a promising outlook for the company's future performance.