Jubilee Spinning & Weaving Mills Ltd.

Corporate Briefing Session 2023

Held on March 27, 2024

We welcome to the shareholders of the company & financial analysts of stock market.

Contents

  • • Company Overview

  • • Analysis of Financial Results

  • • Future Outlook

  • • Question & Answers

Company Overview

Jubilee Spinning & Weaving Mills Limited was incorporated under the Companies Act 1913, on December 12, 1973 and is quoted on all stock exchanges in Pakistan.

Initially, company was engaged in business of manufacturing and selling of yarn and has closed its core operations since 2014. The company has rented out its premises to earn rental income and service revenue from tenants by using of power generation equipment.

Analysis of Financial Results

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 JUNE 2023

2022

Rupees

Revenue

4,960,168

Cost of revenue

(2,882,732)

Gross profit

2,077,436

Administrative and general expenses

(65,049,641)

(54,905,688)

Other income

149,557,946

106,494,740

Profit from operations

86,524,698

53,022,339

Finance cost

(242,860)

(28,332)

Profit before taxation

86,281,838

52,994,007

Provision for taxation

(14,667,912)

(9,008,981)

Profit after taxation

71,613,926

43,985,026

Earnings per share - basic and diluted (Rupees)

2.20

1.35

Jubilee Spinning & Weaving Mills Ltd.

2023 Rupees

5,337,933 (3,321,540)

Financial Performance

Net Turnover (Rs. In million)

Net Profit (Rs. In million)

40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00

-

2018

2019

2020

2021

2022

Jubilee Spinning & Weaving Mills Ltd.

2023

(20.00)

Future Outlook

During the year, the Company earned an after tax profit of Rs. 71.61 million, after charging costs, expenses and provisions. During the period under review, inflation has continued to increase at an accelerated rate, reducing business activity across the country. Major input factors such as energy and transportation increased manifold and effected profit margins across all industries. Various other cost-push factors have also had a negative effect across the board, making it difficult to project forward in a confident manner. Furthermore, political uncertainly has complicated forming cohesive business plans for the future.

Jubilee Spinning & Weaving Mills Ltd.

Question & Answers

Jubilee Spinning & Weaving Mills Ltd.

Thank you

Jubilee Spinning & Weaving Mills Ltd.

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Disclaimer

Jubilee Spinning & Weaving Mills Ltd. published this content on 27 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2024 04:10:05 UTC.