The year just gone by was not as happening for the Pakistan’s textile sector as expected, at least for the firms which continued to struggle with rising input costs and acute energy shortages.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
Rupali Polyester Ltd, which operates composite facilities to manufacture Polyester Fiber and Filament Yarn, sees the spiraling costs of raw materials as a major hurdle in reviving its bottom-line growth.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
The Company posted a before-tax loss of Rs 116 million and after-tax loss of Rs 133 million in the quarter ended September 2013 as against Rs 34 million and Rs 42 million respectively in the same quarter of 2012.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
Cost-push inflation arising from rupee depreciation against US dollar and other currencies led to a huge dent in Rupali’s profits. The decline was exacerbated by the decrease in sales volume and revenue of Polyester Filament Yarn.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
Total sales of the company increased to Rs 1,663 million in the quarter July-September 2013 compared to Rs 1,497 million in the corresponding period of the last year. However, this failed to improve Rupali’s margins due to predominance of factors like energy shortage, rupee depreciation and weak economic growth.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
Rupali Polyester’s woes also indicate that tapping full potential of GSP Plus status by EU is unlikely for Pakistan.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
Even as the country’s textile industry is cheering the much-awaited GSP Plus status granted by the European Union just before the close of the year, weak fundamentals like energy shortage, sluggish economic growth, inflation and depreciating rupee may prevent the companies, make most out of the duty free access to EU.
The year just gone by was not as happening for the Pakistan's textile sector as expected, at least for the firms which continued to struggle with #
Fibre2fashion News Desk - India
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
