Faisalabad April 30 2024: Interloop Limited, the fastest growing textile exporter of Pakistan, profitability drop 56.3% for the quarter ended March 2024, according to company filing to the exchange.
Share price of the company drop PKR 2.35 or 3.2% after the announcement at Pakistan Stock Exchange.
Margins of the company drop to 29.7% for third quarter whereas topline of the company increased by 26.3% in the same period. Company reported highest ever sales of PKR 39.4bn.
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.
