1
Table of Contents:
- Company Introduction.
- Company's Operation.
- Financial Results and Highlights.
- Future Challenges and Risks
- Q&A Session
2
Company's Introduction:
Artistic Denim Mills Limited
Artistic Denim Mills Limited (the Company) was incorporated in Pakistan on May 18, 1992 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) and is currently listed on Pakistan Stock Exchange Limited.
Board of Directors:
Mr. Muhammad Faisal Ahmed | Chief Executive Officer |
Mr. Muhammad Iqbal Ahmed | Chairman |
Ms. Zahra Faisal Ahmed | Director |
Mr. Muhammad Yousuf Ahmed | Director |
Mr. Muhammad Ozair Qureshi | Director |
Mr. Yazdani Zia | Director |
Mr. Muneer Ahmed | Director |
3
Chief Financial Officer:
Mr. Sagheer Ahmed
Company Secretary:
Mr. Muhammad Ozair Qureshi
Credit Rating by VIS Credit Rating Company Ltd
Long Term: A-
Short Term: A-2
Outlook: Stable
Symbol
ADMM
4
Share Registrar:
M/s F.D. Registrar Services (Pvt.) Limited
17th Floor, Saima Trade Tower-A,
I.I. Chundrigar Road Karachi.
Auditors:
M/s. Reanda Haroon Zakaria Amir Salman Rizwan & Company Chartered Accountants
Registered Office:
Plot No. 5-9, 23-26, Sector 16,
Korangi Industrial Area, Karachi
UAN: 111 236 236
Website: www.admdenim.com
5
Company's Operations:
Artistic Denim Mills Limited
The principal activity of the Company is to manufacture and sell recycled fiber, yarn, rope dyed denim fabric, garments and value added textile products. The Company operates as a vertically integrated recycled fiber, yarn, denim fabric and garments manufacturer. The revenue of the company comprises exports with sales generated through recycled fiber, yarn, denim fabric and denim garments.
6
Financial Results and Highlights
Operating Financial Results June 30, 2024
Description | 2024 | 2023 |
Rs. '000 | Rs. '000 | |
Turnover | 20,810,386 | 17,072,735 |
Gross profit | 2,440,325 | 2,919,697 |
Gross profit percentage | 11.73% | 17.10% |
Other income | 174,486 | 109,704 |
Finance cost | 1,218,895 | 981,809 |
Profit before levies and income tax | 618,028 | 1,308,666 |
Net profit for the year | 331,719 | 1,060,630 |
Net profit for the year percentage | 1.59% | 6.21% |
Earnings per share | 3.95 | 12.63 |
Dividend per share | 1.00 | 3.50 |
7
Gross Profit - Rs. '000
2021 | 2022 | 2023 | 2024 |
1,111,733 | 1,841,198 | 2,919,697 | 2,440,325 |
3,500,000 | |||
3,000,000 | |||
2,500,000 | |||
2,000,000 | |||
1,500,000 | |||
1,000,000 | |||
500,000 | |||
- | |||
2021 | 2022 | 2023 | 2024 |
8
Net Profit after Levies and Income Tax - Rs. '000
2021 | 2022 | 2023 | 2024 |
353,902 | 654,252 | 1,060,630 | 331,719 |
1,200,000 | |||
1,000,000 | |||
800,000 | |||
600,000 | |||
400,000 | |||
200,000 | |||
- | |||
2021 | 2022 | 2023 | 2024 |
9
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |