Pakistan’s Universal Leather and Footwear Industries Ltd has requested its delisting from the Karachi Stock Exchange (KSE), after posting a 70.8% slump in net profits to PRs24.2 million ($419.738).

This was in spite of the fact that in the nine months ended March 31, 2003, the firm’s sales increased 6.8% to PRs735.8 million ($12.8 million).

Share this story: