On Wednesday, 23 November 2022, Azgard Nine Limited held its Corporate Briefing Session in Lahore on its results for the year ended 30 June 2022.
Management reported net sales up 53 percent to Rs33.8 billion. The denim unit produced 32.2 million metres on 242 looms and the garment unit 11.4 million pieces. The SWOT analysis listed innovation capabilities ("denim of the future"), in-house power generation and international certifications as strengths, and related diversification such as workwear as an opportunity. During the year, the Board approved opening a liaison office in Bangladesh. First- quarter FY2023 sales were up more than 7 percent.
Key facts
- Date23 November 2022, Lahore
- FY2022 net salesRs33,769 million, up 53%
- Output32.2 million metres of denim; 11.4 million garments
- New officeliaison office in Bangladesh approved, May 2022
The presentation is available to download. Record sales showed the demand for Azgard9's responsible denim among global brands.
