Fabrics & Processing | News & Insights

Kohat Textile Mills Limited

Published: April 27, 2022
Author: DIGITAL MEDIA EXECUTIVE

Kohat Textile Mills Limited (PSX: KOHTM) was laid out in 1967 and it began business creation in 1970. It makes and sells yarn in the homegrown market. Kohat Textile Mills’ holding organization is Saif Holding Limited.s at June 30, 2021, near 78 percent shares are held by the related organization. This classification exclusively incorporates Saif Holdings Limited. More than 10% offers are with the neighborhood overall population, while one more 10 percent are held with banks, DFIs and NBFIs. The excess more than one percent share is with the remainder of the investor classes.

Verifiable functional execution

The organization has seen a fluctuating topline over the course of the years with net revenues additionally pursuing a comparative direction.In FY18, Kohat Textile Mills saw a minor slope in income, like the earlier year, with topline staying near Rs 2.2 billion. While a ton of the organizations in the material area profited from cash degrading as their commodities turned out to be better in the worldwide market, in light of the fact that Kohat Textile Mills is absent in the global market, it couldn’t grow its income. Notwithstanding this, the organization had the option to work on its gross edge to 9.6 percent versus 8% in FY17 on the rear of cost decrease measures. Be that as it may, this couldn’t stream down to the net edge as money and duty cost. The expansion in finance cost was because of ascend in loan fees. Consequently, net edge diminished to 0.45 percent contrasted with 1.57 percent in FY17.

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