Gul Ahmed Textile has posted a handsome profit before tax of Rs 670 million and after tax of Rs 570 million for the six-month period ending December 31, 2013, up 233 percent against Rs 171 million for the corresponding period of the previous year. The profit margin jumped from 16 percent to 19 percent while its sales have also increased in the first half of fiscal year 2014. On the other hand, earnings per share increased to Rs 3.12 against Rs 0.94 in the previous period.
On a positive note, the company foresees a productive 2014 as GSP Plus benefits will come. From yarn to raw material and finished products covering gents and ladies fabric, garments, shoes, handbags and home textiles, Gul Ahmed has the advantage of showcasing them at ‘Ideas,’ an exclusive chain of 42 stores across the country with more coming up soon.-PR