Karachi April 18 2023: Interloop limited reported profit of PKR 9.5 in the quarter ended march 31 2023, according to company filing to the exchange.
Sales of the company increased by 46.7 percent in third quarter to PKR 31.2 billion when compared with the corresponding quarter last year. Company reported gross profit of PKR 14.5 billion during the quarter.
Share price of the company increase by PKR 2.41 or 5.07 percent after the announcement at Pakistan Stock Exchange.
Interloop Limited was incorporated in Pakistan on 25th April, 1992 and publicly listed on the Pakistan Stock Exchange on 5th April, 2019. Interloop is a vertically integrated multi-category Full Family Clothing Company, manufacturing Hosiery, Denim, Knitted Apparel and Seamless Active wear, for top international brands and retailers, besides producing Yarns for a range of textile customers. Interloop’s commitment to environmental, social responsibility & governance (ESG) is deeply rooted in its mission and has gained it global recognition as a pioneer in responsible manufacturing. Interloop’s diverse & engaged workforce and operational excellence has established it as a Partner of Choice for its customers.
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