📊 Corporate Briefing · WAVES Waves Corporation Limited held a corporate briefing session detailing its strategic initiatives, financial performance, and subsidiary investments.
- The company operates through multiple subsidiaries, including Waves Home Appliances Limited and Waves Marketplace Limited, focusing on retail and manufacturing.
- Waves Home Appliances boasts over 50 years of brand recognition, with a diverse product range and a new manufacturing facility under construction to enhance capacity.
- The company is currently progressing with a Rights Issue to support working capital and expansion efforts.
- Waves Marketplace serves over 400,000 customers through its retail network, offering a variety of consumer products and maintaining strong recovery through effective credit procedures.
- Financial highlights for FY 2023 include gross sales of PKR 6,295M and a profit for the period of PKR 257M, with projections for FY 2024 showing a decrease in sales but an increase in profit before tax to PKR 1,092M.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)