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    ILP   PK0114501015

INTERLOOP LIMITED

(ILP)
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Interloop : Board Meeting other than Financial Result of Interloop Limited

07/02/2020 | 11:19am EDT

Interloop Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on July 02, 2020.

The announcement is available at:

https://dps.psx.com.pk/download/image/149602-1.gif

Interloop Limited, launched with 10 knitting machines in 1992, has grown into one of the world's largest Hosiery manufacturers; a complete vertically integrated company with state of the art Spinning, Yarn Dyeing, Knitting and Finishing facilities. With over 6,000 latest Italian Knitting Machines, 16,000 employees and an organizational network spread over 3 continents, Interloop has the proficiency to work with different materials and make a wide range of products. From scratch to becoming a US$ 270 million company, Interloop produces 700 million pairs of Socks & Tights annually, for top international brands & retailers.

In 1992, two entrepreneur brothers (Musadaq Zulqarnain & Navid Fazil) along with Tariq Rashid created what has now become one of the world's largest Hosiery Manufacturing and Exporting Company. The pioneers along with the team worked passionately day and night to create history in hosiery manufacturing. It all started one fine day, when the younger brother Navid shared the idea of starting a Hosiery company with his mother Begum Sarwari Sadiq who consulted her elder son Musadaq. The idea seemed doable. Both Tariq and Navid went to Italy to learn the basics of knitting and so began the journey of building a Global Company.

One afternoon over tea in April 1992, the pioneers discussed options for the company name and selected 'Interloop' based on the meaning of Knitting 'Interlooping of the Yarn'.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
INTERLOOP LIMITED 0.80% 76.77 End-of-day quote.16.16%
PAKISTAN STOCK EXCHANGE LIMITED -3.77% 17.38 End-of-day quote.17.27%
All news about INTERLOOP LIMITED
10/22Interloop Limited Announces Final Cash Dividend for the Year Ending June 30, 2021
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09/15Interloop Limited Reports Earnings Results for the Full Year Ended June 30, 2021
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09/15Interloop Limited Recommends Final Cash Dividend for the Year Ended June 30, 2021
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04/27Interloop Limited Reports Earnings Results for the Third Quarter Ended March 31, 2021
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02/16Interloop Limited Recommends Interim Cash Dividend for the Year Ending June 30, 2021
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02/16Interloop Limited Reports Earnings Results for the Second Quarter Ended December 31, 20..
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2020Interloop Limited Reports Earnings Results for the First Quarter Ended September 30, 20..
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2020Interloop Limited Proposes Final Cash Dividend for the Year Ended June 30, 2020
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2020INTERLOOP : Transaction of 125,000 shares of Interloop Limited
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2020INTERLOOP : Transaction of 29,000 shares of Interloop Limited
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More news
Financials
Sales 2021 52 297 M 300 M 300 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 4,68%
Capitalization 68 967 M 396 M 396 M
Capi. / Sales 2021 1,32x
Capi. / Sales 2022 1,06x
Nbr of Employees 22 438
Free-Float 98,0%
Chart INTERLOOP LIMITED
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 76,77 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Tariq Iqbal Khan Independent Non-Executive Director
Faryal Sadiq Vice President-Sales & Marketing
Sector and Competitors