Home Equity ADM profits soared by 45.91% in FY22

ADM profits soared by 45.91% in FY22

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September 22, 2022 (MLN): Artistic Denim Mills LTD. (NDM) announced results for FY22, wherein the company’s profit was up by 45.91% to Rs0.65bn, the company’s stock filings on the stock exchange showed.

In the filing, the company posted a profit after taxation (PAT) of Rs0.65bn up by 45.91% against the Rs0.35bn in FY21, translating into earnings per share (EPS) of Rs7.79 against Rs4.21 in FY21.

The top line of the ADM jumped to 40%, to Rs16.35bn against Rs9.81bn in FY21. Gross profit up by 12.57%, to Rs1.27bn against Rs1.11bn in FY21.

In FY22, profit before taxation (PBT) is up by 48.34%, to Rs0.88bn against Rs0.46bn in FY21.

Alongside financial results, the company announced a cash dividend of Rs2 per share that is 20%.

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Posted on:2022-09-22T10:06:30+05:00

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