ICC Industries — FY2020 Earnings Presentation

5 slides from ICC Industries's earnings presentation, Oct 29, 2020

Slide 1: ICC Industries Ltd. Corporate Briefing
ICC Industries Ltd. Corporate Briefing Financials for the Year Ended June 2020 Lahore: Dated 29th Oct, 2020
Slide 2: Background
Background • ICC Industries Limited (Formerly ICC Textiles Limited) was incorporated on May 25, 1989 as a public limited company. The principal activity of the company was manufacturing and sale of grey fabric. The registered office of the company is situated at 242-A, Anand Road, Upper mall, Lahore
Slide 3: Financial Highlights
Financial Highlights Rs. 000s YoY %age 2020 2019 change The company suffered an - Revenue 33,811 24,395 39% after-tax loss of Rs. 1.6 - Gross Profit 21,460 9,265 132% million and registered a - Operating Profit/(Loss) 81,095 (25,936) revenue of Rs. 33.8 million as - Finance Cost (79,298) (66,693) 19
Slide 4: Period Under Review
Period Under Review • Enhanced revenue attributed to renting out additional covered area of mills premises as almost all textile machinery has been disposed off as per our plan to consolidate company’s resources by repaying bank borrowings through sale of inefficient/obsolete machinery and sponsors
Slide 5: Future Strategy and Prospects
Future Strategy and Prospects • Pakistan has been exceptionally lucky, as so far, it has escaped from the huge anticipated damage of COVID-19 virus. However, most countries of the world, including our neighbor are still fighting the crisis and business is far from usual. While in Pakistan, business