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Nishat Chunian Limited (NCL): FY23 Corporate Briefing Takeaways – By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Thursday, 23 November 2023
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NCL is a vertically integrated and one of the largest textile manufacturers of Pakistan. NCL was established in 1990. NCL has four subsidiaries: i) Nishat Chunian USA Inc.; ii) Sweave Inc. USA for e-commerce retail of home textile products; iii) Nishat Chunian Properties (Private) Limited for real-estate development; and iv) TLC Middle-East Trading LLC in UAE.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Market wise sales mix for FY23: 59% Local and 41% Exports. Segment-wise sales mix during FY23 stood as: 61% Spinning; 26% Processing &amp; Home Textile and 13% Weaving, respectively. Total revenue clocked-in at PKR 67.6Bn. LAT: ~PKR 1Bn.</span></li></ul><ul><li><span style="font-family:Arial, ...

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