News

Pakistan leathermaker reports 47% slump in profits

11/04/2003

Reflecting the wider regional picture, Pakistan’s Universal Leather & Footwear Industries Ltd has reported a massive slump in full year profits.

 

In the twelve months ended June 30 2002, the company’s profits after tax came in at PRs62.4 million ($1.07 million) – a full 47% down on the Rs118 million posted the year before.

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