Thursday, November 7, 2024

Gul Ahmed Textile Records Highest Ever Profit of Over Rs. 9 Billion in 2021-22

Gul Ahmed ranks as one of the leading clothing brands across Asia. Gul Ahmed not only provides fashion at a great value but also caters to various customer needs by offering a diverse product mix.

Gul Ahmed is a widely used brand that has inspired many people through its Fabric and it has gained the highest ever profit as compared to previous years with Rs. 9 Billion profits in 2021-22.

Gul Ahmed Textile Mills Limited (GATM) announced results for FY22 wherein the company declared a profit of Rs9.85 billion. The company had a Mammoth growth in profit to Rs. 9.85bn as compared to Rs. 5.16 bn in the same period last year.

GATM’s topline shows an increase of 36.37%, to Rs122bn against Rs89bn in FY21. The company’s gross profit was up by 55.32%, to Rs27.01bn against Rs17.39bn in FY21.

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