Khyber Textile Mills Limited · PSX:KHYT
Khyber Textile Mills — FY2023 Earnings Presentation
15 slides from Khyber Textile Mills's earnings presentation, Nov 22, 2023
Slide 1: Khyber Textile Mills Corporate Briefing Session
KHYBER TEXTILE MILLS(LTD) QUARTERLY ACCOUNTS 1 (Unaudited) KHYBER TEXTILE MILLS LIMITED CORPORATE BRIEFING SESSION AS ON 30TH SEPTEMBER 2023 ON THE COMPANY’S FINANCIAL YEAR 2023 AND GENERAL OUTLOOK 22nd November, 2023
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by the Company solely for information purposes. This presentation shall not at all be intended to provide any disclosure upon which an investment decision could be made. • Any statement regarding the future or general outlook of the Company, serve as
Slide 3: Company's Information
COMPANY’S INFORMATION • CHAIRMAN • CHIEF EXECUTIVE OFFICER • BOARD OF DIRECTORS (7 MEMBERS) • AUDIT COMMITTEE (3 MEMBERS) • HR COMMITTEE (3 MEMBERS) • COMPANY SECRETARY • CHIEF FINANCIAL OFFICER • AUDITORS • SHARE REGISTRAR • REGISTERED OFFICE
Slide 4: Company Profile
COMPANY PROFILE • Khyber Textile Mills Limited is a Public Limited Company, incorporated on 26th August 1961. Its shares are quoted (KHYT) on the Pakistan Stock Exchange Limited The activities of the Company were the manufacture and sale of cotton, polyester yarn and cloth, however due to external f
Slide 5: Background on Company's Current Issues
BACKGROUND ON COMPANY’S CURRENT ISSUES • Due to High Court Litigation and credit restrictions imposed by the Banks, Textile production was closed and has been unable to resume as re-initiation requires access to working capital and BMR funds. • BOD and Members approved initiation of alternative busi
Slide 6: Current Business Operations and Performance FY-2023
CURRENT BUSINESS OPERATIONS AND PERFORMANCE FY-2023 • The Company’s Agricultural livestock farm increased its sales for FY-2023. • The Management is cultivating the majority of excess land for fodder production thereby reducing input costs. • Additional revenue generated through renting of vacant bu
Slide 7: KTML
KTML 999,366 428,241 (20,401)
Slide 8: Statement of Profit or Loss and Other Comprehensive Income
KTML STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2023 2023 2022 Note Rupees Rupees --- Restated --- SALES 27,103,500 14,591,500 Less: COST OF SALES 18 19,426,034 10,815,538 GROSS PROFIT 7,677,466 3,775,962 Less: Administrative Expenses 19 15,858,954 15,277,
Slide 9: Cash Flow Statement
KTML CASH FLOW STATEMENT FOR THE YEAR ENDED JUNE 30, 2023 2023 2022 Rupees Rupees --- Restated --- CASH FROM OPERATING ACTIVITIES (Loss) before Taxation (4,528,386) (6,245,361) Adjustments for: Depreciation 10,193,581 11,099,062 Loss / (Gain) arising from changes in fair value of Livestock 1,317,724
Slide 10: Statement of Financial Position
KTML STATEM ENT OF FI NANCI AL POSI TI ON AS AT JUNE 30, 2023 2023 2022 2021 Note Rupees Rupees Rupees --- Restated --- NON CURRENT ASSETS Property, Plant and Equipment 5 952,750,359 962,873,700 973,972,762 Bearer Plants (Biological Assets) 6 72,450 58,000 - Long Term Deposits 88,983 88,983 88,983 9
Slide 11: Asset Revaluation
ASSET REVALUATION • Completed through independent evaluator. • The value of assets appreciated to Rs. 999 million in FY-2019. • Comparatively the value of assets in FY-2018 was Rs. 428 million. • Exercise of revaluation has proved the worth of the Company as economically viable.
Slide 12: General Outlook: Challenges
GENERAL OUTLOOK Challenges • Massive devaluation of Pakistani Rupee has led to hyper inflation in the economy. • Cost of petrol and diesel has risen significantly, which have increased costs. • Massive increase in electrical tariff which has lead to a significantly higher cost of energy. • This ever
Slide 13: General Outlook: Potential
GENERAL OUTLOOK Potential • Emphasis on improving the current operations of the Company. • Focusing on enhancing the agricultural business. • Management’s goal is to increase financial streams and revenue. • Company is located 4 kms from CPEC interchange, ideal for establishing new ventures. • Manag
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Slide 15: Thank you
Thank you