Waves Corporation Ltd
PPSX:WAVES8.32
PKR
-0.36
(-4.15%)
ISIN
PK0030801010
Return %
Stock
S&P 500
1Y
-29.55
14.20
3Y
17.02
81.12
5Y
-52.35
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Haroon Ahmad Khan
- Full Time Employees
- 845
- Sector
- Consumer durables
- Industry
- Electronics/Appliances
- Address
- Lahore Pakistan
- IPO Date
- Jul 19, 1994
- Website
- waves.net.pk
- Similar Companies
- Business
- Waves Corporation Limited is a Pakistan-based holding company engaged in the manufacturing, assembly, marketing, distribution, and retail of consumer home appliances, as well as real estate development and consumer financing services. Founded in 1971 and headquartered in Lahore, Pakistan, the company serves residential and commercial customers through an extensive nationwide retail and dealer distribution network. The company offers a comprehensive portfolio of consumer durables and home appliances, including cooling appliances such as domestic refrigerators, deep freezers, and commercial visi coolers; climate control equipment, including inverter and non-inverter split air conditioners; kitchen and household appliances comprising automatic and semi-automatic washing machines, microwave ovens, water dispensers, cooking ranges, and gas and electric water heaters; home entertainment products, including smart LED televisions; and mechanical and electric sewing machines. In addition to appliance sales, the company provides retail hire-purchase and installment-based financing solutions to consumers across Pakistan. Operations are conducted primarily through three key subsidiaries: Waves Home Appliances Limited, which manages product manufacturing, assembly, and wholesale distribution under the Waves brand; Waves Marketplace Limited, which operates a dedicated chain of retail outlets offering consumer financing and installment plans; and Waves Builders & Developers (Private) Limited, which undertakes real estate development initiatives to commercialize prime corporate land assets located in Lahore. In recent major corporate developments, the company executed a comprehensive court-sanctioned Scheme of Arrangement resulting in the demerger of its core home appliances manufacturing and distribution business into a separate publicly traded subsidiary, Waves Home Appliances Limited (PSX: WAVESAPP, formerly Samin Textiles Limited). Following the demerger, the parent entity completed a strategic reorganization, officially changed its corporate name from Waves Singer Pakistan Limited to Waves Corporation Limited (PSX: WAVES), ceased using the licensed Singer brand to focus on its proprietary Waves brand, and transitioned into an operational holding company structure overseeing segregated manufacturing, retail network, and property development business segments.