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IDEAS Profitability Increased By 160 Percent As Economy Recovers From COVID: PSX

admin-augaf by admin-augaf
November 8, 2021
in Business
Reading Time: 1 min read
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IDEAS Profitability Increased By 160 Percent As Economy Recovers From COVID: PSX
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Karachi November 8 2021: This year IDEAS has bounced back with sales of PKR 21.4 billion in financial year 2021 compared to sales of PKR19.1 billion during the last year, as economic activity revives.

This depict a 12 percent increase in sales and 160 percent increase in operating profit, as compared to last year. Operating profit of Ideas increased to PKR 1.5 billion compared to PKR 576 million last year.


A L S O || R E A D

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Gul Ahmed Textile Mills Limited is engaged in retail sales through chain of IDEAS retail outlets and its distribution channels.

During the previous year, Idea’s profitability had suffered because of restrictions on working days as well as working hours throughout the year.

Tags: BUSINESSfinancePakistanpakistan stock exchangePSX
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