The senior management of Nishat Chunian Group visited The Lahore Stock Exchange to participate in the Corporate Briefing Programme (CBP). The Group comprises mainly two companies Nishat Chunian Limited (NCL) and Nishat Chunian Power Limited (NCPL).
CBP is an interactive programme initiated by the LSE under the Corporate Communications Department to encourage companies to come forward and share their financials and non-financial projects before the members, TREC Holders, investors and the media to abridge the communicational gap between the listed companies and the market participants through this platform.
Nishat Chunian Ltd's CFO Saqib Riaz; Sonia Karim, CFO, NCPL along with the associated team addressed the participants explaining and highlighting the financial performance of the company. While speaking about the company's growth prospects, Saqib shared that the group was in the phase to set up a 40MW coal-based captive power plant to meet the internal electricity demands in a more efficient way that would help cutting the cost of electricity significantly. While responding to queries of stakeholders, Saqib explained the effects of shaky dollar positions and how effectively the Company was managing that risk. He also explained the general market depression in textile sector and effects thereof.
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