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Friday, May 17, 2024

Shams Textiles revenue higher by 57% in first quarter of 2021

According to a recent report by Business Recorder, Shams textile is showin remarkable progress. The first quarter of FY21 was charming with 57% increase in revenue. The industry has reported a profit of Rs 13 million as compared to Rs 0.5 million during the first quarter of 2021, which means a significant growth.

Shams Textiles was established in 1968 and known as major producers of yarns which are used in denim, knitwear and other purposes. The company sales its produced yarns to local and international markets. Shams textiles has 3 units. Company has a total of 59,232 spindles that produce 1,658,480 Kg/month of yarn. Shams Textile is one of the major yarn suppliers in the market. It is through modern testing/monitoring equipment and a strict quality policy that yarn manufactured by Shams has managed to maintain a consistent edge over its competitors. The company’s Shahkot unit (Faisalabad) has 22,176 spindles with capacity of producing 442,000 Kg (approx.) of the finest Knitting and weaving yarns monthly.

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