huffaz seamless pipe industries limited annual report 2013

Incorporation in Pakistan brought forth Huffaz Seamless Pipe Industries Limited, a public entity whose presence is famliar on the Pakistan Stock Exchange. Since 1981, it has been manufacturing and selling seamless steel pipes from two plants located respectively in Lahore and Hattar.

During 2013, the company saw a valuable spike in revenue – with a 10% boost over the previous year at Rs. 3.3 billion. Moreover, their net profit for the year reached Rs. 485 million, a 16% rise when compared to the prior year. As a result, the earnings per share reached Rs. 9.70.

After thorough deliberation, the board of directors at the company has proposed a concluding dividend of Rs. 1.50 per share for the financial year that ended on December 31, 2013.

The company reported cash inflow of Rs. 1.1 billion through its daily operations over the course of the year, whilst its net capital expenditure was recorded at Rs. 485 million.

By the close of 2013, the firm had a debt of Rs. 3.1 billion and a total equity amounting to Rs. 5.6 billion.

The subsequent year, at the conclusion of December 31st, 2013, the company’s net debt in relation to equity tallied up to 0.55:1.

On December 31, 2013, the corporation’s shares were worth Rs. 21.50.

Post time: 2023-06-25

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