Redco Textiles Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
Redco Textiles Ltd. announced unaudited earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, sales-net were PKR 58,509,600 compared to PKR 556,071,645 a year ago. Operating loss was PKR 21,337,143 compared to PKR 7,208,438 a year ago. Loss before tax was PKR 22,105,734 compared to PKR 13,398,335 a year ago. Loss for the period was PKR 22,837,015 or PKR 0.463 per basic and diluted share compared to PKR 18,983,532 or PKR 0.385 per basic and diluted share a year ago.
For nine months, sales-net were PKR 441,264,370 compared to PKR 1,464,591,181 a year ago. Operating loss was PKR 166,459,820 compared to PKR 41,548,798 a year ago. Loss before tax was PKR 171,526,172 compared to PKR 58,229,711 a year ago. Loss for the period was PKR 177,062,574 or PKR 3.592 per basic and diluted share compared to PKR 72,931,287 or PKR 1.480 per basic and diluted share a year ago.