Sales flat at Artistic Denim Mills in fiscal 2023

29/09/2023

Pakistani denim supplier Artistic Denim Mills (ADM) has reported flat net sales for the year ended June 30, bringing in around $59 million or 17 billion Pakistani rupees.

The company, headquartered in Karachi, registered a 0.77% increase to its net sales with the Pakistan Stock Exchange in fiscal 2022, up from around $58.7 million or 16.9 billion rupees.

ADM did announce that earnings were up 62.1% year on year, however, taking it to $3.7 million, the equivalent of 1.06 billion rupees.