AGL 40.05 Decreased By ▼ -0.11 (-0.27%)
AIRLINK 129.88 Decreased By ▼ -1.85 (-1.4%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.55 Increased By ▲ 0.08 (1.79%)
DCL 8.81 Decreased By ▼ -0.01 (-0.11%)
DFML 41.38 Increased By ▲ 0.77 (1.9%)
DGKC 84.49 Increased By ▲ 0.41 (0.49%)
FCCL 32.85 Increased By ▲ 0.51 (1.58%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.53 Increased By ▲ 0.18 (1.59%)
HUBC 110.30 Decreased By ▼ -1.46 (-1.31%)
HUMNL 14.32 Increased By ▲ 0.01 (0.07%)
KEL 5.34 Increased By ▲ 0.12 (2.3%)
KOSM 8.43 Decreased By ▼ -0.55 (-6.12%)
MLCF 39.65 Increased By ▲ 0.22 (0.56%)
NBP 60.80 Increased By ▲ 0.51 (0.85%)
OGDC 199.11 Increased By ▲ 4.17 (2.14%)
PAEL 26.69 No Change ▼ 0.00 (0%)
PIBTL 7.50 Increased By ▲ 0.02 (0.27%)
PPL 157.84 Increased By ▲ 2.07 (1.33%)
PRL 26.96 Increased By ▲ 0.28 (1.05%)
PTC 18.35 Increased By ▲ 0.05 (0.27%)
SEARL 82.80 Decreased By ▼ -0.22 (-0.26%)
TELE 8.34 Increased By ▲ 0.11 (1.34%)
TOMCL 34.50 Decreased By ▼ -0.05 (-0.14%)
TPLP 9.10 Increased By ▲ 0.29 (3.29%)
TREET 17.25 Increased By ▲ 0.55 (3.29%)
TRG 61.90 Decreased By ▼ -0.55 (-0.88%)
UNITY 27.50 Increased By ▲ 0.06 (0.22%)
WTL 1.36 Increased By ▲ 0.08 (6.25%)
BR100 10,401 Increased By 214.1 (2.1%)
BR30 31,698 Increased By 361.9 (1.15%)
KSE100 97,236 Increased By 1689.8 (1.77%)
KSE30 30,154 Increased By 576.2 (1.95%)

ISLAMABAD: The Khyber Tobacco Company Limited (KTCL) has chalked out a new plan to meet over US 100 million dollars of export orders and bring millions of dollars’ investment into Pakistan during 2022-23.

Details of the company’s data available with the Pakistan Stock Exchange (PSX) disclosed that during 2022-23, the company has targeted to achieve just under $ 100 million of orders to increase foreign exchange earnings.

Despite current economic situation, the company has drafted an ambitious plan for meeting the export orders during 2022-23.

The data revealed that the exports of the KTCL grew by 485 percent for 2021-2022 compared to 2020-21, thus the company increased its exports by almost five times. While the total revenue growth stood at 43% for 2021-2022 over same period last year, which shows that the company has focused onto exports to bring in foreign exchange and help the nation’s economy in these critical and extremely crucial times.

PSX information revealed that the KTCL is Pakistan’s only national cigarette manufacturer which is listed on Pakistan Stock Exchange (PSX) and is the only such company which is not controlled by foreign entities. The company has grown exponentially and marked a staggering growth of 19.13 percent CAGR (based on revenue) over the past 5 years. The market price per share was Rs 184.5 in June 2019 and within three years it has doubled while the current market price of KTCL share is hovering around Rs 365 to Rs 375 (December 2022).

Copyright Business Recorder, 2023

Comments

Comments are closed.

Jammy Jan 18, 2023 03:46pm
We believe that copmany ktcl will achieve current year 2023-24 , export double 200$ millions"of new peak of horizons and will show excellent result, Ansha Allah
thumb_up Recommended (0)