Company Profile For Azgard Nine Limited

Azgard Nine Limited (AZNL.KA) (Karachi Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Textiles & Leather Goods ·

As of 26 Nov 2009

20.85PKR

Price Change

-0.35

Percent Change

-1.65%

Analyst Recommendations

Overview

Azgard Nine Limited (ANL) is a composite spinning, weaving, dyeing and stitching unit engaged in the manufacturing of yarn, denim and denim products. The Company's main business is that of manufacturing and marketing of denim textile and apparel products from raw cotton to retail ready goods. The Company operates in two segments: Textile and Apparel, includes manufacture and sale of textile and apparel products. Fertilizers, which manufactures and sales of nitrogenous and phosphatic fertilizers. The Company operated its business, through its subsidiaries, including Pak American Fertilizers Limited, Hazara Phosphate Fertilizers (Private) Limited, Montebello SRL and Nafees International Tekstil Sanayi Ve Ticaret ANONIM SIRKETI.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Azgard Nine Ltd. revenues increased 84% to PKR12.59B. Net income increased 21% to PKR1.02B. Revenues reflect an increase in income from textile and fertilizer business segment. Net income was partially offset by higher cost of sales, an increase in administrative & selling expenses, a rise in finance costs and the presence of net other operating expense vs. an income.