External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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Thematic (Sector/Industry)

<ul><li>We present profitability analysis of listed textile composite sector of Pakistan, based on a sample of 22 companies; representing 81% of the total textile sector’s market capitalization. We have filtered out companies based on a minimum market capitalization criteria of Rs1.0bn.</li><li>Pakistan textile sector’s profitability declined by 24% YoY to Rs72.6bn in FY23 primarily due to (1) increase in finance cost, (2) high cotton and energy costs and (3) global slowdown.</li><li>Sales of listed textile firms rose 15% YoY to Rs1,150bn in FY23 while in dollar terms it declined by 17% YoY mainly due to decline in textile exports.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We present profitability analysis of listed textile composite sector of Pakistan, based on a sample of 22 companies; representing 81% of the total textile sector’s market capitalization. We have filtered out companies based on a minimum market capitalization criteria of Rs1.0bn.Pakistan textile sector’s profitability declined by 24% YoY to Rs72.6bn in FY23 primarily due to (1) increase in finance cost, (2) high cotton and energy costs and (3) global slowdown.Sales of listed textile firms rose 15% YoY to Rs1,150bn in FY23 while in dollar terms it declined by 17% YoY mainly due to decline in textile exports.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Textile: Profits Down 24% YoY in FY23

Pakistan

Nishat Mills Limited is a textile manufacturing company.  The Company spins, combs, weaves, bleaches, dyes, prints, and buys and sells yarn, linen, other cloth, and other goods.  Nishat Mill's products and fabrics are made from raw cotton and synthetic fiber.  The Company also owns a power plant that generates, accumulates, distributes, and supplies electricity.

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Nishat Mills (NML PA)

Pakistan Textile: Profits Down 24% YoY in FY23

We present profitability analysis of listed textile composite sector of Pakistan, based on a sample of 22 companies; representing 81% of the total...

Topline Securities

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