International Knitwear Limited has transmitted its annual financial statements for the year ended June 30, 2026, highlighting a significant decline in revenue and profits compared to the previous year.
- Period: Year ended June 30, 2026; audited financial statements.
- Revenue: PKR 863.52M, down 28.67% from PKR 1,210.57M in 2025.
- Net Profit (PAT): PKR 16.04M, a decrease from PKR 30.86M in the prior year.
- Earnings Per Share (EPS): PKR 1.66, compared to PKR 3.19 in 2025.
- Gross Profit: PKR 99.57M, down from PKR 106.36M, indicating a gross profit margin of 11.53%.
- Challenges: The company faced intense price competition and subdued international demand, leading to a 69.56% decline in export sales.
- Local Sales: Increased by 6.14%, partially offsetting the decline in exports.
- Dividend: No dividend declared for the year, reflecting a cautious approach to liquidity management.
- Capital Expenditure: PKR 13.23M invested in facilities and technology to enhance operational efficiency.