Nishat Mills Limited (NML): NML Conference Call – Key Takeaways – By Foundation Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Nishat Mills Limited (NML PA) held its conference call today, arranged by Foundation Securities. The company&rsquo;s Financial Controller discussed current textile industry dynamics, NML performance and outlook of the sector.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company&rsquo;s management discussed performance of 9MFY19 that showed top-line and bottom-line growth of 22% YoY and 49% YoY respectively owing to (1) better prices, (2) improved export market for value added products and (3) BMR across all segments leading to higher volumes and better quality products.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net margins rose to 8.8% during ...