On Wednesday, 27 November 2019, Azgard Nine Limited held its Corporate Briefing Session at its registered office in Lahore. Management took investors and analysts through the audited financial statements for the year ended 30 June 2019, the company's plants and capacities, a SWOT analysis, the year's key updates and the outlook.
The presentation showed net sales up 26 percent to Rs20.2 billion. It set out capacity use unit by unit: the open-end spinning unit at Manga ran 3,304 rotors and produced 9.2 million kg of yarn (76 percent of capacity); the denim unit ran 242 looms and produced 28.3 million metres (71 percent); and the garment units ran 2,996 stitching machines and produced 10.5 million pieces (73 percent). Internationally recognised certifications for quality, environment and labour welfare were listed among the company's strengths.
Key facts
- Date27 November 2019, Lahore
- FY2019 net salesRs20,215 million, up 26%
- Denim28.3 million metres on 242 looms
- Garments10.5 million pieces on 2,996 stitching machines
- Yarn9.2 million kg on 3,304 rotors
The full presentation is available to download. Clear disclosure of how the business runs is part of being a dependable partner to brands and investors.
