Pakistan Leather & Tanneries: SRVI & SGF PA – CY22 Analyst briefing takeaways – By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Service Industries Ltd. and Service Global Footwear Ltd. has conducted its analyst briefing to discuss financial results and future outlook. We have summarized key takeaways from the briefing.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During CY22, SGF&rsquo;s topline increased by 67% YoY to clocked in at PKR11.75bn vs. PKR7.04bn in SPLY. The increase in revenue is attributable to uptick in volumetric sales, PKR devaluation coupled with better product prices. Whereas, in 1QCY23, company&rsquo;s topline increased by 42%/11.4% YoY/QoQ to clocked in at PKR3.58bn vs. PKR2.52bn in SPLY. To highlight, company is fully booked for 2QCY23 which will take company capacity utilization close to 100%.</sp...