Pakistan’s Crescent Steel and Allied Products Limited reported a steep drop in profitability for the fiscal year ending December 30, 2024.
The company’s net profit fell to PKR 14.54 mln (USD 51,960) in the first half of FY25, a sharp decline from PKR 863.1 mln in the same period last year.
Revenue also decreased by 27.3 pct YoY to PKR 3.66 bln (USD 13 mln).
Crescent Steel & Allied Products Limited operates across various sectors, including steel pipes, cotton, investments, infrastructure development and energy.
1 USD / 280 PKR
