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JAT records 43% 4Q PAT growth, 53% YOY revenue increase in B’desh

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JAT Holdings PLC recently released its financials for the fiscal year ended 31 st March 2024 with a profitability of 43% over the 4 th quarter of the previous year, to Rs. 447 million.

Meanwhile, year-on-year (YoY) turnover increased by 14% to Rs 11.5 billion to record the highest turnover ever achieved by JAT Holdings PLC.

Overall Export Sector growth also rose by a healthy 53%, while local revenues grew by 14%. Driven by its expansion and operations in Bangladesh, which are progressing at a brisk pace, Dollarized Revenues increased to 33% of total revenue for FY 2023/24, compared with 25% in FY 2022/23, contributing to Rs. 3,608 billion of total revenues in the year under review.

However, Profit After Tax (PAT) for FY 2023/24 dipped by 21%, driven by a conscious investment into international expansion and into consolidating JAT’s market-leading position through increased brand building and promotional activities.

These are intended to consolidate market share and brand equity, whilst furthering JAT’s overseas expansion efforts across Africa, Australia and South Asia.

The post JAT records 43% 4Q PAT growth, 53% YOY revenue increase in B’desh appeared first on DailyNews.

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