Hamid Fabrics Limited Reports Unaudited Earnings Results for First Quarter Ended September 30, 2017
Hamid Fabrics Limited reported unaudited earnings results for first quarter ended September 30, 2017. For the quarter, the company reported revenue of BDT 481,198,140 against BDT 317,815,452 a year ago. Operating profit was BDT 84,299,215 against BDT 49,087,145 a year ago. Net profit before tax was BDT 50,736,473 against BDT 28,312,281 a year ago. Net profit for the period was BDT 43,126,002 or BDT 0.47 per share against BDT 24,065,439 or BDT 0.26 per share a year ago. Net cash out flows from operating activities was BDT 7,171,098 against net cash flows from operating activities of BDT 72,839,196 a year ago. Acquisition of property, plant and equipment was BDT 1,990,583 against BDT 37,140,034 a year ago. Negative NOCFPS was BDT 0.08 against NOCFPS of BDT 0.80 for same period a year ago. NAV per share was BDT 38.54 as on September 30, 2017 and BDT 38.07 as on June 30, 2017.