Trade Tower’s Revenue Soars, Profit Falls Sharply

Trade Tower Limited (TTL) has published its unaudited financial statement for the fourth quarter of the last fiscal year, revealing a significant surge in operating income. The company recorded an operating income of Rs. 99.8 million, marking a sharp 469.48% increase compared to Rs. 17.5 million in the same period last year. Despite this remarkable growth in revenue, the company’s net profit plunged by 99.39% to just Rs. 130,000, primarily due to a 122.91% rise in total expenses and a 193.44% surge in financial costs. Consequently, earnings per share (EPS) fell by Rs. 5.61 to Rs. 0.02. As of the end of Ashadh, the company’s net worth per share stood at Rs. 105.93. TTL has a paid-up capital of Rs. 815.6 million, with other equity amounting to Rs. 48.3 million.