Treet Corporation Limited (TREET): Innovations and Expansions Lead the Way – By AHCML Research
Dec 13 2024
Al Habib Capital Markets
- The latest financial statements reveal a steady performance by Treet Corporation Limited (TREET) amidst challenging economic conditions. The Group achieved a consolidated top-line growth of 4% compared to the same period last year, supported by pricing adjustments and strategic cost management. Although high inflation and geopolitical factors posed challenges, TREET’s strategic initiatives in innovation, export market expansion, and operational efficiency highlight its resilience and potential for recovery.
- In Sep’24, the Company introduced a new range of high-quality shaving foams, receiving an overwhelmingly positive initial market response. The Company plans to expand its portfolio with high-end shaving products, catering to both domestic and international markets.v
- The cashflow of the company is expected to be strong after successfully divested 11.3% of its shares in Treet Battery Limited (TBL), liquidating 99,977,721 shares as of November 30, 2024, reducing its stake to 85.76%. And approval of TBL’s PKR 2.0 billion of inter-company loans and interest into equity by issuing 200mn new shares at PKR 10 per share, subject to SECP approval, to strengthen TBL’s financial position.
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