November 18, 2024
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road,
Karachi.
Subject: CORPORATE BRIEFING SESSION (CBS)
Dear Sir,
This is to inform you that as per the PSX requirements, Corporate Briefing Session of Ruby Textile Mills Limited will be held on Monday November 25, 2024 at 11:00 a.m at 35 Industrial Area Gulberg III, Lahore as well as electronically through video link / Zoom meeting to brief the shareholders / analysts / investors about the Company's business results for the year ended June 30, 2024 and the future outlook.
Interested participants are requested to confirm their participation through an email to company.secretary@rubytextile.com.pk, along with following particulars:
Name
CNIC
Folio No. CDC A/C No. (if any)
Email ID
Contact No.
Login credentials to join video link will be shared to those whose email containing the aforementioned particulars are received before 5:00 p.m November 23, 2024.
We would be grateful for assistance in communicating this information to the TRE Certificate holders of the Exchange and the analysts.
Yours truly,
Company Secretary
IMPORTANT DISCLAIMER
THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT
- This presentation has been prepared by Ruby Textile Mills
- Limited (RTML) solely for information purpose.
- The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of presentation.
- During the course of this presentation, we may make forward-looking statements regarding future events or the future performance of the company. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific and risks exist
- that the predictions, forecasts, projections and other forward-looking statements will not be achieved.
- Ruby Textile Mills Limited does not undertake obligation to
- update or revise any of them, whether as a result of new information,future events or otherwise.
- When relying on forward looking statements you should carefully consider the political, economic, social and legal environment in which the company operates.
Corporate Briefing - Contents
- Company Brief
- Operational Development
- Financial Results for the year ended June 30,2024
- Question & Answers Session
Company Brief
- Ruby Textile Mills Limited (The Company) was incorporated in Pakistan on October 18, 1980 as a private limited company and was subsequently converted into public limited company and its shares are quoted on the Pakistan Stock Exchange.
- The registered office and head office of the company is located at 35-Industrial area, Gulberg III, Lahore.
- The principal business of the company is manufacturing and sale of yarn. The manufacturing units are located at 3-km, Manga Road, Raiwind in the province of Punjab.
Operations / Business
Brief of Operations
- The Company encompasses 2 spinning units, boasting a collective installed capacity of 33,072 spindles.
-
Company's production capacity for 20's count reaches
10,266,624 kilograms per annum, while its actual production spans to zero. Due to financial constraints, the company could not operate its unit-I and unit-II for whole year. - Total No. of employees as at June 30, 2024 are 29.
Financial Highlights of Year Ended June 30, 2024
Financial Highlights
Profit & Loss for period ended June 30, 2024
2024 | 2023 | |||
Rupees | Rupees | |||
Turnover - net | - | 12,298,560 | ||
Cost of sales | - | ___ | (109,328,917) | |
Gross loss | - | (97,030,357) | ||
Administrative and general expenses | (64,109,176) | (28,904,094) | ||
Other income/ (Expenses ) | 13,028,906_ | 60,859,629 | ||
Loss before finance cost | (51,080,270) | (65,074,822) | ||
Finance cost | (3,066,048)_ | (4,325,260) | ||
Loss before taxation | (54,146,318) | (69,400,082) | ||
Taxation | 8,901,374__ | 9,128,702 | ||
Loss after taxation for the year | (45,244,944) | (60,271,380) | ||
Earnings per share - basic and diluted | (0.87) | (1.15) |
Financial Highlights
Balance Sheet as at June 30, 2024
2024 | 2023 | |
Rupees | Rupees | |
Non-Current Assets | 904,097,777 | 932,435,909 |
Current Assets | 26,178,115 | 32,983,612 |
Total Assets | 930,275,892 | 965,419,521 |
Non-Current Liabilities | 80,248,956 | 116,613,218 |
Current Liabilities | 145,138,271 | 135,209,361 |
Total Equity | 704,888,665 | 713,596,942 |
Operations / Business
FUTURE OUTLOOK
We anticipate a positive trajectory for the Company's financial performance in the upcoming year, driven by significant investments in the modernization and replacement of machinery. These strategic investments are expected to yield long-term benefits. Additionally, we are committed to enhancing our self-energy generation capabilities, effectively reducing production costs.
We remain optimistic that the Government will maintain supportive policies for the textile sector, bolstering the prospects of our exporting industries and contributing to the country's economic growth.
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