<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Our sample of eight textile companies reported 1% YoY
decline in revenues, however, earnings growth remained robust at 41% YoY,
driven by lower cotton prices, energy cost optimization, and lower financial
charges (mainly led by ILP– being one of the largest player).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Ltd (ILP) posted highest revenue growth (+5% YoY),
gross margin expansion (+3.8ppts), and a sharp earnings turnaround. We
witnessed mix earnings trends across companies where ILP, NCL, and KTML
recorded YoY earnings growth, while others saw declines.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Going forward, operating conditions...
