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Loads Limited (LOADS): FY23 Analyst Briefing Takeaways – By AKD Research

  • By: AKD Securities Limited

  • - Published: Tuesday, 21 November 2023
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, company reported a loss of PkR5.23/sh in FY23 vs. the negligible earnings of PkR0.005/sh in the previous year. This loss was primarily attributed to a decrease in sales volumes owing to an overall 55%YoY decline in the auto sector.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Breaking down the segments, exhaust systems recorded PkR2.7bn, sheet metal components PkR1.4bn, and radiators PkR0.4bn in FY23, compared to PkR4.6bn, PkR2.2bn, and PkR1.0bn, respectively, in the previous year.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In terms of customers, Suzuki is the largest contributor with 54%, followed by Indus (Toyota) with 22%, Honda...

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