Shadman Cotton Mills Limited Announces Unaudited Earnings Results for the Half Year and Quarter Ended December 31, 2018
Shadman Cotton Mills Limited announced unaudited earnings results for the half year and quarter ended December 31, 2018. For the half year, the company’s turnover-net was PKR 213,232,017 as compared to PKR 193,483,033 a year ago. Operating profit was PKR 4,840,797 as compared to operating loss of PKR 44,957,379 a year ago. Profit after taxation was PKR 1,829,667 as compared to loss of PKR 47,551,548 a year ago. Basic profit per share was PKR 0.10 as compared to loss of PKR 2.70 a year ago.
For the quarter, the company’s turnover-net was PKR 56,872,122 as compared to PKR 128,554,482 a year ago. Operating profit was PKR 6,507,279 as compared to operating loss of PKR 18,508,359 a year ago. Profit after taxation was PKR 5,879,174 as compared to loss of PKR 20,208,273 a year ago. Basic profit per share was PKR 0.33 as compared to loss of PKR 1.15 a year ago.