Textile: Pakistan Textile profits down 24% YoY in FY23 High financial charges and input cost affected profits – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We present profitability analysis of listed textile composite sector of Pakistan, based on a sample of 22 companies; representing 81% of the total textile sector&rsquo;s market capitalization. We have filtered out companies based on a minimum market capitalization criteria of Rs1.0bn.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan textile sector&rsquo;s profitability declined by 24% YoY to Rs72.6bn in FY23 primarily due to (1) increase in finance cost, (2) high cotton and energy costs and (3) global slowdown.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sales of listed textile firms rose 15% YoY to Rs1,150bn in FY23 while in dollar terms...