The Board of directors of the Company consist of 7 Directors, including chairperson, chief executive, independent, non executive director as required in CCG 2019.
The Company invested PKR 369.61 million in fixed capital expenditure (CAPEX) with cash generated from business operations, which is 76.46% above last year's CAPEX. This includes purchase of 35.84 acre land from its directors, adjacent to the factory premises at Jumber.
Operational Highlights
Working Capital Management
Current ratio for the period stands at 1.07 (2022: 1.07) along with long term rating of BBB+ and short-term rating of A-2 maintained by VIS Credit Rating Company Limited which shows the Company's ability to meet its long as well as short term obligations. The Company utilized its working capital in most efficient way to achieve 7.34% growth in sales revenue. The Company earned EBITDA of PKR
566.75 million as compared to PKR 447.17 in corresponding period last year. EBITDA to sale percentage was 7.15% as compared to 6.06% last year.
Operational Highlights
Dividend
Keeping in view economic condition prevailing in the country, Company's needs and future ability of cash generation, the Board of Directors of the Company has not recommended dividend for the year ended June 30, 2023 (June 30, 2022: 5%).
Earnings per Share
The Company maintains a positive stream of earning per share (EPS) which shows effectiveness of management's strategy in order to enhance the shareholders' value. The earning per share (EPS) stands at PKR 4.00 for the period ended June 30, 2023 as compared to PKR 3.07 corresponding previous year.
Future Projects
Key Highlights of projects in process of completion;
Knitted Fabric
Solar System
Improvement in Water treatment plant
Yarn Dyeing
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Zephyr Textiles Ltd. published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 10:48:53 UTC.
Zephyr Textiles Limited is a Pakistan-based company, which is principally engaged in the manufacturing, dying and trading of woven cloth, which also includes towels. The Companyâs collections include winter collection, blended collection, cotton collection, dobby design collection and kurta collection. Its fabrics are offered in a range of colors and textures. The Companyâs cotton collections include Nafees Cotton, Silver Leaf, Forever, Aragon, Mustang, Oaktree, Desire, Cool Cotton, Apollo, Prime, Allure, Cyrus, Zeus, Coral and others. The Company's blended collections include Moonmist, Blaze, Andaz, Magnum, Optima, Supreme, Calico and Emperor. The Companyâs kurta collections include Rainbow, Festive Collection and Tuscany. Its dobby design collection includes Iconic, Onyx and Atlas. Its winter collections include Falcon, Monoco, Marvel and others.
ZEPHYR TEXTILES LIMITED 
