Ghazi Fabrics International Limited Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended December 31, 2017
February 22, 2018 at 05:06 pm
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Ghazi Fabrics International Limited announced unaudited earnings results for the second quarter and half year ended December 31, 2017. For the half year, the company reported sales was PKR 1,717,113,027 against PKR 2,366,252,173 a year ago. Operating loss was PKR 20,837,901 against PKR 89,851,432 a year ago. Loss before taxation was PKR 79,643,623 against PKR 168,861,845 a year ago. Loss after taxation was PKR 126,031,947 against PKR 216,586,206 a year ago. Basic loss per share was PKR 3.86 against PKR 6.64 a year ago.
For the quarter, the company reported sales was PKR 896,847,459 against PKR 1,134,002,799 a year ago. Operating loss was PKR 17,697,281 against PKR 3,653,526 a year ago. Loss before taxation was PKR 46,276,789 against PKR 61,584,392 a year ago. Loss after taxation was PKR 43,037,640 against PKR 93,808,403 a year ago. Basic loss per share was PKR 1.32 against PKR 2.87 a year ago.
Ghazi Fabrics International Limited is a Pakistan-based company, which is engaged in textile manufacturing, production of cotton and polyester cotton (P.C.) yarn and grey cloth that are marketed both within and outside Pakistan. The Company's segments include Spinning and Weaving. The Company's products include Yarn and Fabric. Its Yarn range of products include Poly-Cotton (PC), Chief-Value-Cotton (CVC), Combed PC and CVC yarns, Pure Polyester yarns, Core-spun yarns (using Dupont lycra or Spandex), Doubled yarns, Cotton/Nylon yarn various blend ratios. Its Fabric range of products include Twills, Drills, Satins, Sateens, CVC Twills, Stretch Twills (lyrca and spandex), Bedford Cords, Pique Fabrics, Herringbone Twills, Broken Twills, Corduroy, Bull Denim, Slub Twills, Slub Denim, Stretch Denim, Cotton Sheeting, Percales, Muslins, Burberry, Canvas, Matt Weaves, Oxfords Pinstripes and Dobby Designs. The Company produces carded, as well as combed yarns, both for weaving and hosiery.
GHAZI FABRICS INTERNATIONAL LIMITED 
