Fakiha Tariq

HUM Network Limited’s (HUMNL) net profit in the first quarter (July-Sept) of the ongoing fiscal year exceeded by a huge margin the profit earned in the whole of FY22. The company posted a huge 68.29% growth in its profits in the latest quarter compared to the four quarters of the previous fiscal.

HUMNL, which is a public limited company registered in 2004, is the top technology and communication sector entity on the Pakistan Stock Exchange. HUMNL is the holding company of its six subsidiaries, including HUM TV Inc, HUM Network UK Limited, Sky Line Publications Private Limited, HUM Network FZ LLC, HUMM Co Private Limited and HUM Mart Private Limited, shows a study compiled by WealthPK.

The company made sales of Rs1.5 billion during 1QFY23 compared to Rs1.3 billion achieved in FY22, registering a growth of 16.65%. Gross profit moved up by 12.80% in 1QFY23 compared to the last fiscal. HUMNL earned a gross profit of Rs711 million in 1QFY23, posting a profit margin of 46.84% over the sales.

The net profit value for 1QFY23 stood at Rs364 million. During this quarter, the company earned a 24.01% net profit margin over the sales. The net profit margin for FY22 was reported to be 16.64%.

HUMNL registered a 44.28% growth in the net profit margin in 1QFY23 compared to FY22. The company also saw a big percentage increase of 66.67% in its earnings per share, which rose from Rs0.24 in FY22 to Rs0.40 during 1QFY23.

HUMNL Stock Returns Analysis – 1QFY23 vs 1QFY22

The 1QFY23 witnessed low spikes of returns on stocks on daily basis compared to the same quarter last year. A single dip of negative return was observed in mid-September. From July end to mid-August, stock returns produced high positive returns.

However, the stock returns of HUMNL from July 21 to Sept 21 reported multiple high values representing positive returns. The daily returns showed only four deep negative dips.

During 1QFY23, the highest traded volume reported was 12 million shares in September. Whereas during FY22, the firm experienced the highest trade volume in October with 16,650,900 shares. The lowest traded volume was recorded in March 22 with 3,897,636 shares.

However, during the first quarter of the current fiscal, the highest traded volume was reported at two million shares in August. Average traded volume of HUMNL on PSX for the 1QFY23 remained 2,414,393 shares. The average traded volume remained low in 1QFY23 when compared to the same quarter of last year.

Credit : Independent News Pakistan-WealthPk