Shadman Cotton Mills Limited Announces Unaudited Earnings Results for the Half Year and Quarter Ended December 31, 2017
Shadman Cotton Mills Limited announced unaudited earnings results for the half year and quarter ended December 31, 2017. For the half year, the company’s turnover-net was PKR 193,483,033 as compared to PKR 342,539,571 a year ago. Operating loss was PKR 44,957,379 as compared to PKR 52,325,597 a year ago. Loss before taxation was PKR 45,130,938 as compared to PKR 52,365,899 a year ago. Loss after taxation was PKR 47,551,548 as compared to PKR 55,794,611 a year ago. Basic and diluted loss per share was PKR 2.70 as compared to PKR 3.16 a year ago.
For the quarter, the company’s turnover-net was PKR 128,554,482 as compared to PKR 153,696,564 a year ago. Operating loss was PKR 18,508,359 as compared to PKR 25,957,008 a year ago. Loss before taxation was PKR 18,634,345 as compared to PKR 25,957,400 a year ago. Loss after taxation was PKR 20,208,273 as compared to PKR 27,561,327 a year ago. Basic and diluted loss per share was PKR 1.15 as compared to PKR 1.56 a year ago.