Interloop’s profit surges to Rs20.17bn in FY23

Interloop’s profit surges to Rs20.17bn in FY23

Interloop Limited, one of Pakistan’s largest textile exporters, saw its profit jump by 63% to Rs20.17 billion in fiscal year 2023 that ended June 30.

The company registered a profit of Rs12.36 billion in the same period last year (SPLY), according to the notice sent to the Pakistan Stock Exchange (PSX) on Thursday.

Earnings per share (EPS) increased to Rs14.39 in the period under review compared to Rs8.82 in SPLY.