SYM to collaborate with Finox Private Limited
Symmetry Group Expands into Financial Analytics Market
Symmetry Group Limited, a prominent business entity, has recently announced a significant development in its business strategy. According to the latest information, the group has entered into a share subscription agreement with Finox Private Limited. Finox, known as Pakistan’s leading Financial Analytics and Media Company, specializes in providing solutions for data-driven decisions in capital markets.
Strategic Move with Notable Partners
This agreement marks a strategic move for Symmetry Group, as it seeks to diversify its business operations. Apart from Symmetry, other notable corporates like Cordoba Logistics and Ventures have also taken a stake in the startup. This collaboration indicates a shared vision among these entities to explore new opportunities in the financial analytics sector.
Diversification and Expansion
The share subscription agreement is expected to result in accretive synergy for Symmetry Group. By partnering with Finox, the group aims to diversify from its main business and venture into the financial analytics market. This move not only opens up new avenues for growth but also allows the group to expand its customer base and reach a wider audience.
Conclusion
Symmetry Group’s decision to enter into a share subscription agreement with Finox Private Limited reflects its commitment to strategic expansion and diversification. This collaboration holds the potential to bring about significant synergies and pave the way for future growth opportunities.
| mn | 1QFY24 (in mn) | QoQ | 2QFY24 (in mn) | QoQ | 3QFY24 (in mn) |
|---|---|---|---|---|---|
| Revenue | 57.71 | 117% | 125.30 | -59% | 51.89 |
| Cost Of Sales | 11.28 | 191% | 32.81 | -38% | 20.42 |
| Gross Profit | 46.43 | 99% | 92.50 | -66% | 31.47 |
| Admin Expenses | 23.53 | -28% | 16.97 | 28% | 21.65 |
| Net Operating Profit | 22.90 | 230% | 75.52 | -87% | 9.82 |
| Other Income | 0.88 | 839% | 8.29 | -30% | 5.84 |
| Profit Before Int. & Tax | 23.79 | 252% | 83.82 | -81% | 15.65 |
| Finance Cost | 2.18 | 182% | 6.14 | -46% | 3.32 |
| Profit Before Taxation | 21.61 | 259% | 77.67 | -84% | 12.33 |
| Taxation | 6.27 | -91% | 0.57 | 795% | 5.10 |
| Profit After Tax | 15.34 | 403% | 77.10 | -91% | 7.23 |
| EPS | 0.05 | 440% | 0.27 | -89% | 0.03 |
| GP Margin | 80% | 74% | 61% | ||
| EBIT Margin | 41% | 67% | 30% | ||
| EBT Margin | 37% | 62% | 24% | ||
| Net Margin | 27% | 62% | 14% |
This table reflects the financial performance metrics provided for the three quarters (1QFY24, 2QFY24, and 3QFY24) and their respective quarter-over-quarter (QoQ) changes.
Disclaimer:
The information in this article is based on research by AAH Research. All efforts have been made to ensure the data represented in this article is as per the research report. This report should not be considered investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.
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