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Gul Ahmed Textile Mills Limited (GATM): Analyst Briefing Takeaways - By Insight Research

  • By: Insight Securities (Private) Limited

  • - Published: Monday, 28 June 2021
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">GATM conducted its analyst briefing today to highlightits performance and future outlook to the shareholders.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company has posted revenues of ~PKR60bn in 9MFY21. As per the management, the company is expected to post revenues of ~PKR90bn in FY21.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Furthermore, export orders for the next 6 months have been booked and the company expects a ~20% growth in topline by next year, resulting in improved gross margins.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PKR depreciation has aided topline, whereas further depreciation will put GATM in a...

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