On Thursday, 23 November 2023, Azgard Nine Limited held its Corporate Briefing Session in Lahore on its results for the year ended 30 June 2023.
Management presented the company profile, strategic and operational information, and financial results. Net sales were Rs31.6 billion and profit after tax Rs1.47 billion, with earnings per share of Rs2.99. The SWOT analysis listed good customer retention, innovation capabilities ("denim of the future"), in-house power generation and international certifications as strengths, and cost reduction through sustainable practices as an opportunity. In a year of slower global demand, first-quarter FY2024 sales still rose more than 9 percent.
Key facts
- Date23 November 2023, Lahore
- FY2023 net salesRs31,571 million
- FY2023 profit after taxRs1,470 million; EPS Rs2.99
- Q1 FY2024sales up more than 9%
The presentation is available to download. Customer retention and innovation remain at the centre of Azgard9's work with global brands.
