Amreli Steels Ltd 2023 AR2
The report highlights Amreli Steels Limited's performance and resilience during the tumultuous fiscal year 2023, marked by political and economic challenges in Pakistan. Despite a 21.8% decrease in sales revenue and a net loss of Rs. 678 million due to soaring energy costs, high interest rates, and rupee devaluation, the company maintained its market leadership in the steel rebar industry. Key achievements include winning the Effie Gold Award and the Pakistan Digital Award, as well as registering the Amreli Foundation to streamline its CSR initiatives in healthcare, education, and community empowerment. The company also continued its commitment to environmental protection through its Air Pollution Controller and solar power projects.
Company: Amreli Steels Ltd
Sector: Manufacturing
Country: Pakistan
Year: 2023
Type: AR2
Pages: 184
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Amreli Steels Ltd
Annual Report
The report highlights Amreli Steels Limited's performance and resilience during the tumultuous fiscal year 2023, marked by political and economic challenges in Pakistan. Despite a 21.8% decrease in sales revenue and a net loss of Rs. 678 million due to soaring energy costs, high interest rates, and rupee devaluation, the company maintained its market leadership in the steel rebar industry. Key achievements include winning the Effie Gold Award and the Pakistan Digital Award, as well as registering the Amreli Foundation to streamline its CSR initiatives in healthcare, education, and community empowerment. The company also continued its commitment to environmental protection through its Air Pollution Controller and solar power projects.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees