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Artistic Denim Mills Limited (ADMM): Corporate Briefing Takeaways – By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Wednesday, 20 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Artistic Denim Mills Limited principal activity is to manufacture and sell recycled fiber, yarn, rope dyed denim fabric, garments and value added textile products. The company operates as a vertically integrated recycled fiber, yarn, denim fabric and garments manufacturer.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sales clocked in at PKR 20.8Bn in FY24 as compared to PKR 17.1Bn, up 22% over the SPLY attributable to increased volume and favorable shifts in product demand. Whereas, gross margins arrived ~12%, down 5ppt as compared to ~17% last year mainly due to the high energy cost, high raw material cost, increase in the freight rates and appreciation of PKR against USD.</span></li></ul><ul...

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