Artisitc Denim Mills, one of the Pakistan’s Premiere Textile Company, announced its FY2021 Financial results where it posted a magnificent 300% increase in its Net profit. The net profit rose to Rs. 353.9 million compared to Rs. 113.6 million in last year.
The increase in profit came amid rising sales during the period as Total sales stood at Rs. 9.8 billion compared to Rs. 7.9 billion in last year. Gross margins increased to 11% from 8% last year.
Artistic Denim Mills Limited (ADML) operates as a vertically integrated denim fabric and garment manufacturer. The revenues of the company comprise exports with sales generated through both denim fabric and denim garments division.
ADML is fully compliant with International Social and Environmental & Quality standards. It also has a liaison office in Bangladesh encompassing a showroom and a dedicated country manager to stay in proximity to the customers. ADMM is a part of Artistic Milliners Group.
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