Page 3 - IN THE LOOP (APR-SEPT 2021)

message from

the ceo

Dear Stakeholders,

Despite a challenging global business environment during our progress towards
2021, I am pleased to report that by the grace of a circular economy.
Almighty, your company performed better than the By signing the
previous year. Our sales grew by 51% to reach PKR 54.962 Fashion Industry
billion (US$ 348.50 million) in 2021. Our after-tax profit Charter for Climate
was PKR 6.292 billion (US$ 39.89 million). This resulted in Action, a
an EBIDA of PKR 9.594 billion (US$ 60.84 million). The commitment
bottom line represents an EPS of PKR 7.21 for a paid-up under UNFCCC, and by
capital of PKR 8.722 billion. We received the Export joining hands with t he
Recognition Award for Top 100 exporters of Pakistan, and Pakistan Environment
have been listed as the second-largest textile exporter of Trust to create a Net Zero
Pakistan. Coalition, we are ready to lead the way towards
achieving net-zero GHG emissions by 2050.
Our Hosiery business remained the major contributor this
year, and we achieved record shipment for hosiery in In line with our Sustainability Targets, we installed a 3.6 MW
Apr-21 by shipping 6.07 million dozens; exceeding our solar power system at Hosiery Division 3. At full
previous best by 25%. Hosiery & Yarn's businesses utilization, we will be generating 5 million kWh units,
recorded 40% growth and it was heartening to see that contributing around 16% GHG-free energy into our
US$ 40 million was added by the new categories including existing consumption, and reducing around 3,300 tCO2 per
Denim, Apparel, and Seamless Activewear. annum. Vaccinating 100% of our workforce was a great
achievement during the year. I would like to appreciate
The celebrations continue as we have launched our Vision the efforts of HR and Support Services for managing this
2025, which is our next five years strategy, “To become a initiative amicably with the help of Govt. of Punjab, and
Full Family Clothing Partner of Choice.” It’s a unified would still emphasize on following the safety SOPs to
growth-led strategy, guided by a Customer First protect ourselves from the pandemic.
approach, with our strategic focus on offering
multi-category products, delivered with exceptional We embarked upon a two years’ Benefits for Business and
customer service and manufactured responsibly, meeting Workers (BBW) Programme by Amazon’s Improvement
the highest standards of social and environmental Initiatives. It will enable us to further build a conducive
performance.. work environment for our people while improving
productivity and profit. Promoting sports for the
To successfully deliver our strategy, we will unleash the specially-abled, we sponsored the Triangular Blind Cricket
potential of our people by building a diverse, inclusive, Tournament and the first-ever Wheelchair One-Day
and engaged workforce, creating a high-performing Cricket Cup under the supervision of the Pakistan
organization, enabled by our digital transformation and Wheelchair Cricket Council (PWCC).
an agile and lean mindset across all aspects of our
business. Our Vision 2025 will bring a lot of opportunities for all of
us. I appreciate our leadership for working tirelessly to put
Moving forward with our digital transformation and this vision together. I want to thank the Chairman and ILP
improving speed-to-market, a state-of-the-art design Board for providing guidance during the entire process,
studio has been established at Interloop Industrial Park. and take pride in cherishing the work that our teams have
Skilled designers are working closely with business heads done; aspiring for a better future for us.
and developing multi-category seasonal collections at a
fast pace, catering to the requirements of all businesses. It is an ambitious yet challenging vision, and to achieve it,
I look forward to your usual support. I am confident that
We joined the Jeans Redesign initiative by Ellen our Interloop family will take all challenges head-on, and
MacArthur Foundation, and are among the 60+ leading global achieve further success through relentless hard work and
companies to become part of the Make Fashion Circular commitment. We have done it in the past and we will do it
initiative. With a focus on circularity, we are committed to again, In sha Allah.
providing our customers with the most sustainably
produced denim from our LEED Platinum manufacturing Good luck to us all & stay blessed.
facility.
We became a certified member of the Textile Exchange, Navid Fazil
and will be working collectively towards their new limate Chief Executive Officer
strategy. We have also been awarded C2C Gold level for
our sustainable socks; SOCKS RE-GEN – a testament to

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