On Wednesday, 22 December 2021, Azgard Nine Limited held its Corporate Briefing Session in Lahore on its results for the year ended 30 June 2021.
Management reported net sales up 31 percent to Rs22.1 billion. The denim unit produced 28.3 million metres and the garment unit 10.6 million pieces, while rotors rose to 3,984. Updates included implementation of the Creditors' Scheme of Arrangement on 29 April 2021 and the appointment of the Chairman and Chief Executive Officer on 19 April 2021. The SWOT listed in-house power generation and international certifications as strengths, and GSP Plus status and growing e-commerce markets as opportunities. First-quarter FY2022 sales were up more than 43 percent.
Key facts
- Date22 December 2021, Lahore
- FY2021 net salesRs22,070 million, up 31%
- Output28.3 million metres of denim; 10.6 million garments
- Q1 FY2022sales up more than 43%
The presentation is available to download. Strong demand and a stronger base set Azgard9 up to serve more global brands.
