Khalid Siraj Textile Mills Limited · PSX:KSTM
Khalid Siraj Textile Mills — Corporate Update (January 2023)
13 slides from Khalid Siraj Textile Mills's corporate update, Jan 25, 2023
Slide 1: Corporate Briefing Session letter to Pakistan Stock Exchange
KHALID SIRAJ TEXTILE MILLS LIMITED 135-UPPER MALL, LAHORE Tel: +92-42-35761706-07, Fax: +92-42-35761708 Email: kstml@barkatex.com Website: www.kstml.com Ref: FR/CBS/2023/63 January 25, 2023 The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi. S
Slide 2: Khalid Siraj Textile Mills Limited
KHALID SIRAJ Textile Mills Limited 1
Slide 3: Agenda
1 Introduction 2 Historical Financial Highlights 3 Financial Results 2022 4 Future Outlook/Problems 5 Question/Answer Session 2
Slide 4: Introduction
Khalid Siraj Textile Mills Limited (the "Company") was incorporated in Pakistan as a public limited company on 17 January 1988 on Stock Exchanges in Pakistan. Registered office of the Company is situated at 135 Upper Mall, Lahore. The project of the Company is located at 48 KM Lahore Multan Road, Ph
Slide 5: Historical Financial Highlights
Historical Financial Highlights Profit / (Loss) before Net Profit / (Loss) taxation Years Net Profit / (Loss) Years Profit/Loss before taxation 1,871 2022 20213,920 2020 2019 2018 15,663 1 2 3 4 5 2022409 2021 2020 2019 2018 1 2 3 4 5 (26,623) (30,125) (20,322) (40,284) (75,776) (92,312) Rs in thous
Slide 6: Total Assets and Shareholders' Equity
Rs in thousands Total Assets 500000 400000 408,632 394,648 375,130 364,109 337,610 300000 200000 100000 0 2022 2021 2020 2019 2018 Years Total assets Rs in thousands Shareholders' Equity 50000 0 2022 2021 2020 2019 2018 -50000 (44,526) (44,935) -100000 (87,823) (125,664) -150000 (145,985) -200000 Ye
Slide 7: Historical Financial Highlights
Historical Financial Highlights (All amounts in thousand) Years 2022 2021 2020 2019 2018 Turnover (Net) - 3,302 - - - Profit/(Loss) before taxation 1,871 3,920 (26,623) (30,125) (92,312) Net Profit / (Loss) 409 15,663 (20,322) (40,284) (75,776) Paid up capital 107,000 107,000 107,000 107,000 107,000
Slide 8: Financial Results 2022 VS 2021
Financial Results 2022 VS 2021 2022 2021 Variance %ge Sales (net) 0.00 m 3.30 m 3.30 m Cost of sales 0.00 m 4.36 m 4.36 m Gross loss 0.00 m -1.06 m -1.06 m Other operating income 38.01 m 50.81 m -12.80m Administrative and general 3.26 m 0.45 m 2.80 m 622% expenses Other operating expenses 32.73 m 45
Slide 9: Future Outlook
Future Outlook There have been uncertainties during the financial year, mainly due to abrupt devaluation. which resulted in an increase in inflation. After the receipt of financial assistance from friendly countries, foreign direct investment and the approval of bailout package by the IMF, it is exp
Slide 10: Future Outlook
Future Outlook The shareholders are well aware that once lease period will over, the unit will be running on optimum production capacity level. The management of the company is determined and optimist to turn the unit as viable, operational and profitable in future. We hope that the Change in Govern
Slide 11: Future Challenges/Problems
Future Challenges/Problems Removal of subsidy on Stiff Competition Textile Devaluation of Pak Higher Markup Rates Rupees due to inflation US & EU cuts imports of Energy Crisis Textile from Pakistan 10
Slide 12: Q & A Session
Q & A Session Q&ASession 11
Slide 13: Ittefaq
Ittefaq TN NIK AG) 6
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