Babri Cotton Mills Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016
Babri Cotton Mills Limited reported unaudited earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported sales-net of PKR 397,333,000 compared to PKR 571,632,000 a year ago. Profit from operations was PKR 9,931,000 compared to loss from operations of PKR 1,595,000 a year ago. Profit before taxation was PKR 2,087,000 compared to loss before taxation of PKR 15,144,000 a year ago. Profit after taxation was PKR 2,469,000 or PKR 0.69 per share compared to loss after taxation of PKR 14,848,000 or PKR 4.07 per share a year ago.
For the nine months, the company reported sales-net of PKR 1,088,813,000 compared to PKR 1,300,494,000 a year ago. Loss from operations was PKR 16,155,000 compared to PKR 66,020,000 a year ago. Loss before taxation was PKR 36,830,000 compared to PKR 108,361,000 a year ago. Loss after taxation was PKR 4,844,000 or PKR 1.33 per share compared to PKR 77,875,000 or PKR 21.32 per share a year ago.