Hum Network Limited (HUMNL) reported an impressive 21.5% growth in net profit for the financial year 2024, reaching Rs2.61 billion, up from Rs2.15 billion the previous year.

The company's revenue saw a remarkable 21.7% increase, climbing to Rs8.31 billion from Rs6.83 billion in FY23. Despite a 12.5% rise in the cost of sales, gross profit soared by 32.4%, amounting to Rs4.18 billion, with gross margins improving to 50.3%.

However, a 34% decline in other income, rising administrative expenses by 11.8%, and a 28.3% jump in selling and distribution expenses slightly tempered the financial gains.

With strong revenue growth and controlled cost increases, Hum Network remains on a solid financial trajectory.

#HumNetwork #FinancialResults #ProfitGrowth #BrandsKahani #BusinessNews #PakistanEconomy