Whilst the industry continues to face challenging times, we are pleased to report a consistent trading performance. Turnover and our forward order book are still healthy and the strong relationships and reputation we have formed have proved essential in the success of the business. Our Framework Partnerships are proving their worth in forming the foundation of our future growth, and the positive feedback from our Partnered Clients has been very encouraging.
The focus of the Shareholders remains fixed on building a financially secure platform which will enable the business to grow to RS250m turnover in the next 2 years. With this in mind, we continue to re-invest in the business resulting in a net asset position rising well over RS100m, which continues to grow month on month.
Close financial controls have ensured that our project accounts are settled quickly and this has helped generate a good level of positive cash flow, resulting in over RS70m of cash in the bank at the year end. The strong cash position has been a consistent feature of the business, resulting in an excellent reputation for the payment of our supply chain.
The robust status of the business ensures that we are able to continue our expansion plans without over-stretching our financial and management resources. We are delighted with the progress of the business to date and look forward to the bright prospects for the future.
Al-Qasim Construction (Pvt) Limited HSE Policy StatementAl-QasimConstruction (Pvt) Limited(AQC) has been incorporated with the sole objective of having an active & comprehensive presence in the fields of engineering services presentation, provision, construction & installation of infrastructure and facilities, pertaining to oil, gas and petrochemical industry.
Encouragement and support of health, safety and mental welfare and comfort of the organization personnel in the working places and whoever is related in any circumstances to the organizational activities, and also prevention of the emission and release of the pollutants in the environment, are of the pivotal and main principles of our organization.
Our Strategies:We believe that commitment to this policy is an ethical and moral responsibility and performing the designed plans in detail in addition to furnish the health and safety of the personnel and protection of environment, will have positive influence on productivity and increase the quality level of the services and activities of the organization. We have a common responsibility in saving human lives, environment and national assets, so all colleagues are expected to do their best for the achievement of these goals.