After posting losses for couple of years, Hum Network Limited (HUMNL) has returned to Profitability, thanks to Increased Advertising Revenue.
HUMNL posted Sales of Rs. 3.059 billion, marking a 12% increase over last year. Gross Profit margin increased to 37% compared to 10% in last year as company rationalized its overhead costs during the year.
HUMNL posted net profit of Rs. 821.7 million in Nine months period ending March-2021 compared to Rs. 130 million in same period last year.
Pertinent to note is a one time gain book sale of non-current asset worth Rs. 476.8 million.
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