Pakistan's Nishat mills reported sales growth but lower profits

Pakistan Nishat Textile Co., Ltd. (NML) reported 2007 sales of $ 17 billion Pakistan rupees, the company in 2005 after sales plummeted for the better, there great year of growth.
Sales growth thanks to the company's high value-added production capacity expansion, including sewing, dyeing and finishing, these departments have expanded production insulated lunch bags wholesale capacity.
However, this does not mean the company's net profit. This year's net profit was 1.674 billion rupees, so last year's 1.634 billion rupees compared with 2.53% growth.
Sudden fluctuations in the domestic cotton market, high raw material costs, processing costs increase, gas prices increase, these factors have reduced the company's profits.
Nishat Textile Mill in the 2007 fiscal year completed a major expansion. Company has added finishing custom shopping bags wholesale equipment, while expanding sewing, dyeing and finishing capabilities. This is to improve the company's competitiveness and maintain the growth of key performance measures.
Nishat Textile Mill is Pakistan's largest integrated textile company. The company's public float in the capital market of approximately 44.1%. However, due to rupee appreciation, NML return rate.
Textile exports, the government announced that the presumptive tax from 1.5% to 1.0%. In addition, spinning companies have approved the budget in the year to get more companies need to convert the loan. Government to promote the development of textile industry custom keychains wholesale and the introduction of measures to expand exports, coupled with the recent budget proposed incentives and trade policy, NML will help continue to develop the company in the textile industry of Pakistan's most prominent companies.
Read More news:
http://dresses2012.blogdrive.com/