ADM reveals highest-ever revenue increase
07/10/2022
Over the course of fiscal 2022, which ended June 30 in Pakistan, company revenue increased by 66.6% year over year to reach roughly $74.5 million or 16.35 billion Pakistani rupees, according to the firm’s annual report. This rise constitutes the largest in ADM’s history, it said.
ADM cited bigger order volumes, favourable parity between the US dollar and Pakistani rupee, plus an advantageous product assortment as drivers of this growth.
The supplier also reported that State Bank of Pakistan-financed investment in the balancing, modernisation and replacement of its plant facilities and machinery remains ongoing.
Image: ADM.
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