Premium Textile Mills Limited held a corporate briefing session to discuss its operational performance and future outlook for FY25-26.
- The company reported an annual turnover exceeding PKR 24,853M, with a significant focus on yarn and socks manufacturing.
- Local sales accounted for 2.85% while exports made up 97.15% of gross sales in FY26.
- Installed spindle capacity increased to 88,552, with knitting machines rising to 354, enhancing production capabilities.
- The company is investing in renewable energy, with a solar energy system generating 20MW and plans for two wind turbines of 15MW.
- Sales revenue decreased by 14.34% due to reduced yarn output and unfavorable government policies, impacting both local and export sales.
- Cost-cutting measures and operational efficiencies are expected to improve profitability in upcoming quarters.
- A subsidiary, Innovative Textile F.Z.E, will commence operations in the UAE to enhance marketing efforts.
- The company anticipates challenges from rising input costs and global inflation affecting the textile industry.