Image Pakistan Limited, formerly Tri-Star Polyester Limited, is a public limited company since 1990. Although it started out as polyester filament yarn business, the company transitioned its business towards manufacturing and selling value-added embroidered fabric under its own brand name "Image" over the past decade. Currently, the company operates 11 physical retail outlets and has a prominent online presence.
Through its latest quarterly financial report, published on the PSX website, Image has shown consolidated revenue growth of 50% during the nine months period ended 31st March 2023 over the same period last year. The reported Gross Revenue of the company is Rs. 2.1 billion with a 'highest ever' profit before tax of Rs. 432 million.
The Board of Directors of Image Pakistan Limited has attributed the positive financial results to its 'brand positioning' and its focus on local and cross-border e-commerce, for which it is operating dedicated subsidiary companies in Pakistan, U.K. and U.S.A and plans to start two more in U.A.E and Thailand soon. From the outside, it also appears that the company's attention towards high-quality products, enhancing brand value and prudent financial decisions have built a strong foundation for the company's continued success, despite economic headwinds.
In contrast to privately-held businesses, publicly-traded companies are required to publish their financial statements every three months along with other information that may be relevant for all its shareholders. Such transparency, although a corporate governance requirement, provides unique insights into Image, which is one of the only retail-focused businesses listed on the Pakistan Stock Exchange. The company's previous financial statements and annual reports are available on its corporate website.
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