Khalid Siraj Textile Mills Limited · PSX:KSTM
Khalid Siraj Textile Mills — Corporate Update (November 2023)
13 slides from Khalid Siraj Textile Mills's corporate update, Nov 15, 2023
Slide 1: Annual Corporate Briefing Session notice 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 November 08, 2023 The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi. Subject: Annual Corp
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 2023 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) 15,663 Years Profit/Loss before taxation 1,871 3,920 2023 2022 2021 2020 2019 2023 329 2022 409 2021 2020 2019 635 1 2 3 4 5 1 2 3 4 5 (20,322) (26,623) (30,125) (40,284) Rs in thousands Rs
Slide 6: Total Assets and Shareholders' Equity
Rs in thousands Total Assets 500000 400000 408632 375,130 364,109 348,380 337,610 300000 200000 100000 0 2023 2022 2021 2020 2019 Years Total assets Rs in thousands Shareholders' Equity 20000 0 -20000 2023 2022 2021 2020 2019 -40000 (44,197) (44,526) (44,935) -60000 -80000 -100000 -120000 -140000 (1
Slide 7: Historical Financial Highlights
Historical Financial Highlights (All amounts in thousand) Years 2023 2022 2021 2020 2019 Turnover (Net) - - 3,302 - - Profit/(Loss) before taxation 635 1,871 3,920 (26,623) (30,125) Net Profit / (Loss) 329 409 15,663 (20,322) (40,284) Number of shares 10,700 10,700 10,700 10,700 10,700 Owner's equit
Slide 8: Financial Results 2023 VS 2022
Financial Results 2023 VS 2022 2023 2022 Variance %ge Sales (net) 0.00 m 0.00 m 0.00 m 0% Cost of sales 0.00 m 0.00 m 0.00 m 0% Gross loss 0.00 m 0.00 m 0.00 m 0% Other operating income 30.40 m 38.01 m -7.61 m -20% Administrative and general 2.90 m 3.26 m -0.35 m -11% expenses Other operating expens
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. Electricity rates have been inflated to levels that the market is not absorbing. Regionally competitive rates are to re- instated for spinning sector t
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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